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.

 

[lindam]

@gopi007bond It is taken from the expense charge not the PIE taxes. PIE tax only charged on distributions

 

[the_family_monastery]

@gopi007bond Thanks this is the kind of advice I'm after.

Although do I need to worry about tax seeing as I'm going to lose all my money?

 

[gopi007bond]

@the_family_monastery Here is a spreadsheet from moneykingnz.com which you can plug in all your details and spit out an answer.

https://docs.google.com/spreadsheets/d/1Mk8ySt97LDQtmaSM3gZ4_qSsKFEouahM9OAPPlbnIOs/copy

 

[susier]

@the_family_monastery The ETF itself has fees. The unit price is reduce by whatever percentage the fee is.

 

[olympica]

@the_family_monastery If you're hell bent on your strategy, buy it through InvestNow - they have USF available without the $30 set up fee for Smartshares or the Sharesies transfer fees.

You're far better off with other options (e.g. Foundation series) if you're investing long term, but for one year () the Smartshares ones might be your best bet.

 

[auntbee]

@the_family_monastery Why not stick it in a term despot? Less risk given you’re using it in a year. S&P 500 for a year may be volatile mate. I’d stick it in an S&P for at least 5 years

 

[the_family_monastery]

@auntbee Gidday, I should clarify that the majority of our cash is in a term deposit and this is the amount we have decided to invest with higher risk

 

[auntbee]

@the_family_monastery Ahhh right, makes sense. You could take a punt and go with Kernels Global 100 which is slightly less risk than the S&P500

 

[alexa001]

@the_family_monastery May I ask why you are selling your house and waiting to buy another?