What is Sharesies?

Democratisation - the action of making something accessible to everyone.

Sharesies is proving to be one of NZ top online investment platforms. If you'd like to sign up and give it a go, please click on the following link to help with the production of this podcast

Giving the person with 1 cent the same opportunities as the person with $1m is one of the foundation principles used by the founders of Sharesies to bring their product to the market.

Traditionally, would be 'wealth-developers', have been locked out of investing unless they had significant sums to invest. It just wasn't possible or if it was, it wasn't cost efficient. Sharesies pioneered the practice of 'fractionalisation' with investing, enabling more people to come to the party with what they had. The result? Over 70,000 Kiwi's now have a Sharesies account and the average balance is sitting at over $2k each.

It's been over a year since I caught up with the Sharesies team and a lot has happened since then. Yes there are more players in this space, with Kernel Wealth, Hatch, and Invest Now to name a few. The good news is that the 'pie' of everyday Kiwi's playing the game is growing.

Focusing on the everyday investor, Sharesies enables those with smaller amounts to invest in not only exchange traded funds, but now also shares listed on the New Zealand Stock Exchange (NZX). This is massive.

The other thing Sharesies does incredibly well, is that it allows an account to be set up for children. From personal experience I have struggled to teach my kids about investing, but having this tool is a great assist.

If you'd like to give this a go, or check them out, go here.

_________________________________________________________________

Like what you’ve heard?

You can really help with the success of the NZ Everyday Investor by doing the following:

1- Tell your friends!

2- Write a review on Facebook, or your favourite podcast player

3- Help support the mission of our show on Patreon by contributing here

4- Search for The Everyday Investor on YouTube

5- Sign up to our newsletter here

NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!

__________________________________________________________________

Where to find Darcy Ungaro: