100k into s&p 500

[lindam]

@gamebai886 Smartsharss fund is a PIE so FIF doesnt really apply. Should be covered by thr ongoing fee % charge

 

[amos_6eight]

@the_family_monastery Just go Kernel. They do the SP500 iirc

 

[the_family_monastery]

@amos_6eight What's the advantage of kernel over sharsies?

Given the timeframes there doesn't seem to be able advantage with fees unless I'm missing something

 

[crkodn]

@the_family_monastery It's been asked and answered 100x here.

Use the search function

 

[the_family_monastery]

@crkodn $5 monthly fee and .25% annual management fee vs $25 buy/sell and .34% one off management fee...

I'm not seeing the advantage in a timeline per 12 months.

Or am i missing something/wrong in my figures

 

[gopi007bond]

@the_family_monastery FIF taxes is what you are missing. If you want to purchase 100K on sharesies then you are best to open a joint account (don't know if shareies does this) or an account under your name and an account under your wife's name an put in less than 50K each. e.g A $49K VOO buy on each account.

 

[the_family_monastery]

@gopi007bond Also with the smartshares us 500 being on the nzx it should be pie not fif tax shouldn't it? Only had a very quick look at that though so happy to be corrected

 

[jackstrike]

@the_family_monastery Correct - Smartshares USF.NZ is NZ domiciled, so you don't need to worry about FiF.

 

[gopi007bond]

@the_family_monastery It's a PIE fund they take the tax out for you.