u/GG-B19

Does anyone know if Sharesies plans on offering a joint account option?

Seems they’ve got a good overall platform but wondered why the don’t have a joint account as a feature yet?

This is a question for those who have more than 150k invested in shares and are on a 33% tax bracket.

Are you over the threshold of 50k for FIF tax? Or do you make an effort to stay below it?

I was looking at numbers on this and I know most people say stay under 50k and invest the rest in PIE funds.

But I worked out that based on historical performance you’re better to invest in the stocks/ETF’s directly (where youll also likely pay a lower management fee.) This being because in years the market is negative you can pay tax using the CV method which means you’ll pay $0, and in years the market performs less than approx 4% the CV method also means you’ll pay pay less tax that you would in a PIE fund that calculates this on the FDR method.

So I understand in good or ripper years you’ll pay more tax under FIF on a portfolio of 150k or more, but historically the market has had fairly flat or negative returns every 5/6 years which means those years your tax savings are far greater and offset the years you have had to pay more.

Obviously as your share portfolio grows in size these tax savings on the negative years can be massive.

I’m curious to know if people are investing via hedged funds at the moment (my example is kernel offering the sp500 hedged and unhedged option) while the NZD is historically weak?

Or do most people buy the likes of VOO or the unhedged version through whichever ETF/platform and not worry about it knowing sometimes you win more and sometimes you lose more - but evens out over time if it’s a long horizon?

I’m on a 33% PIR - my question is when people have gotten towards that 50k NZD figure towards buying overseas stocks/shares. Have they…

1. Kept investing on whatever platform Sharesies etc, and gone over the 50k limit and accepted that they’ll have to pay FIF tax each year, but that’s the trade off for being able to select exactly what you want or

2. Kept under the 50k in direct stocks and then invested the rest into PIE funds so they don’t have to worry about the FIF tax?