MoneyHub NZ
  • Search
  • Investing
    • Investing Platforms
      • Reviews
        • Sharesies Review
        • Hatch Review
        • Stake Review
        • Tiger Brokers (NZ) Review
        • Superhero Review
        • BlackBull Markets Share Trading Platform Review
        • ASB Securities Review
        • Jarden Direct Review
        • InvestNow Review
        • Kernel Review
        • Flint Wealth Review
        • Interactive Brokers
        • Smartshares Review
        • Catalist Review
      • Comparisons
        • Sharesies vs Hatch vs Stake
        • Hatch vs Stake
        • Hatch vs Tiger Brokers
        • Sharesies vs Tiger Brokers
        • Stake vs Tiger Brokers
        • Comparing Sharesies vs Investnow vs Hatch vs Jarden Direct and more
        • Best Investment Apps
        • How Do I Start Investing?
        • Virtual Stocks and Shares Trading Games
      • Guides
        • How to Invest in Shares
        • Investing in Vanguard Funds from New Zealand
        • Investing in the US Stock Market from New Zealand
          • How To Buy Tesla Shares
          • How To Buy Apple Shares
          • How To Buy Amazon Shares
          • How To Buy Alphabet Shares
          • How To Buy Netflix Shares
          • How To Buy Microsoft Shares
          • How To Buy Meta Shares
        • What Happens If Your Investing Platform Shuts Down?
        • Fractional Shares
        • Transferring Share Portfolios
        • How to Read and Understand a Share Chart
        • NZX in a Nutshell
        • Investing in Asian Markets from New Zealand
        • Understand Gross vs Net
    • Introduction to Investing
      • Guides
        • Index Funds
        • 10 Ways to Invest in New Zealand
        • How to Invest Regularly
        • Passive Investing vs Active Investing
        • Investments You Can Own Forever
        • Investing Mistakes
        • ETFs (Exchange Traded Funds)
        • Best Retirement Income Products in New Zealand
        • Index Funds vs ETFs
        • Shares vs ETFs
        • Dollar-Cost Averaging Guide
        • Passive Income Strategies
        • How Wealthy New Zealanders Invest Their Money
        • The Best Way to Invest Inheritance or a Windfall
        • Barefoot Investor-Friendly Financial Products in New Zealand
        • Investment Terms Glossary
        • IPOs
        • Investing in Dividend Shares
        • Common Shareholder Numbers in New Zealand
        • Shorting a Stock
        • Investing vs Trading vs Gambling
      • Young People and Investing
        • Investing for Kids
        • Investing For Grandchildren
        • 10 Top Investments for Young New Zealanders
        • Sharesies Kids Accounts Review
        • SquareOne Review
        • Dosh Review
      • Investing Calculators
        • Compound Interest Calculator
        • Investment Calculator
        • Savings Calculator
        • Net Worth Calculator
        • Million Dollar Calculator
    • Managed Funds, Tax & DIY Investing
      • Guides
        • Investing Guide
        • Our Favourite Funds
        • Advisers
          • Financial Advisers Overview
          • DIY Investing vs Investment Brokerage Firms vs Financial Advisors
          • Financial Advisers Auckland
          • Financial Advisers Wellington
          • Financial Advisers Christchurch
        • Bank Credit Ratings
        • Tax on Investments and Savings
        • Capital Gains Tax
        • Bright-Line Test
        • Ethical Investing
        • Best ESG Funds
        • Asset Allocations to Build Wealth
        • Managing Offshore Investments for Returning New Zealanders and Migrants
        • Managed Funds
          • Booster Private Land and Property Fund Review
        • How to Buy and Sell Bonds
        • Buying NZ Corporate Bonds
        • Trading in a Nutshell
        • Peer to Peer Lending
        • Crowd Funding Guide
        • REITs Guide
        • Jasper Review
        • Investing & Personal Finance Podcasts
        • Emergency Funds
        • UK Pension Transfer to New Zealand
        • Returning to the UK from NZ
        • Spending Your Savings in Retirement
        • How to Take Income from Investments
        • What Am I Entitled to If My UK Pension Scheme or Provider Makes a Mistake?
        • Investment Scams
        • Investing in Recession-Proof Sectors and Asset Classes During a Downturn
        • Hedging Investments
        • Top Personal Finance Books for New Zealanders
        • Top Ten Personal Finance Resources
      • Reviews
        • Simplicity Investment Funds Review
        • Lending Crowd Review
        • Squirrel Review
        • Sharesight Review
        • Lifetime Retirement Income
        • New Zealand Financial Markets Authority (FMA)
      • Calculators
        • Managed Funds Fee Calculator
        • Basis Points Calculator
        • Inflation Calculator
        • Retirement Calculator New Zealand
    • Alternative Investments and Trading
      • Reviews
        • BlackBull Markets Review
        • CMC Markets Review
        • Plus500 Review
        • IG Review
        • TMGM Review
        • CMC Markets vs Plus500 vs IG Markets vs BlackBull Markets
      • Guides
        • How to Invest in Gold
        • How to Invest in Silver
        • Forex Trading Guide
        • Options Trading
        • Contracts for Difference (CFDs) Guide
        • Futures Trading
        • Commodities Trading
        • Forex Trading Tools
        • Forex Trading Platforms Comparison
        • Forex Trading Courses and Education
        • Forex Regulation
        • Copy Trading
    • Cryptocurrency
      • Reviews
        • Easy Crypto Review
        • Swyftx Review
        • Binance Review
        • Easy Crypto vs Swyftx
        • Independent Reserve Review
        • eToro Review
        • Coinbase Review
        • Kiwi-Coin Bitcoin Exchange Review
        • Vault International Bitcoin Fund Review
      • Guides
        • How to Buy Bitcoin in New Zealand
        • Beginner's Guide to Bitcoin and Blockchain
        • Guide to NFTs
        • Bitcoin Wallet Guide
        • Bitcoin Mining
        • How to Sell Bitcoin
        • Bitcoin and Crypto Scams
        • Initial Coin Offerings
        • A Beginner’s Guide to Investing in Cryptocurrencies
        • Decentralised Finance
        • Bitcoin in New Zealand
        • New Zealand Bitcoin Exchanges
        • How to Buy Ethereum in New Zealand
        • Other Coins
          • How to Buy Ripple in New Zealand
          • How to Buy Cardano in New Zealand
          • How to Buy Dogecoin in New Zealand
          • How to Buy Litecoin in New Zealand
          • How to Buy Polkadot in New Zealand
  • Loans & Finance
    • Car Finance
      • Car Finance Calculator
      • Electric Vehicle Loans
      • How to Refinance Your Car Loan
      • Car Loan Refinance Calculator
      • Car Dealership Finance vs Alternatives
      • Bad Credit Car Loans
      • Car Finance Company Reviews
        • AA Money Review
        • Better Finance Review
        • Kiwi Car Loans Review
        • MTF Finance Review
        • Simplify Loans Review
        • Car Loan Brokers vs Direct Car Finance
      • Car Finance Must-Knows Guides
        • Buying a Car Loan vs Personal Loan?
        • Car Loans and Collateral
        • Car Loan Guarantors
        • How to Save for a Car
        • Paying Cash for a Car vs Car Finance
        • Balloon Payments
      • Car Finance Add-On Insurance Guides
        • GAP (Guaranteed Asset Protection Insurance) Insurance
        • MBI (Mechanical Breakdown Insurance)
        • PPI (Payment Protection Insurance)
    • Personal Loans
      • Debt Consolidation Loans
      • Secured Loans
      • Home Renovation Loans
      • Online Loans
      • Bad Credit Loans
      • Beneficiary Loans
      • Payday Loans
      • Cash Advance
      • Same Day Loans
      • Low Income Loans
      • Personal Loan Calculator
      • Debt Consolidation Calculator
      • Refinance Personal Loan Calculator
      • Home Renovation Loan Calculator
      • Interest Calculator
      • Harmoney Loans Review
      • Nectar Review
      • Avanti Finance Review
      • Save My Bacon Review
    • Credit Scores & Interest Rates
      • Credit Scores and Credit Checks
      • How to Build Credit in New Zealand
      • How to Pay Down Debt Faster
      • Baycorp and Debt Collection
      • Interest Rates Guide
      • Interest Rate Comparison
      • Buy Now Pay Later Apps
        • Afterpay Review
        • Laybuy Review
        • Humm Review
        • Zip Review
  • Insurance
    • Car Insurance
      • Guides
        • How to Get Cheaper Car Insurance
        • Car Insurance Calculator
        • No Claims Bonuses Explained
        • Car Insurance Excess Explained
        • Cheapest Cars to Insure
        • Modifications that Make a Car Uninsurable
        • Car Insurers Directory
        • Car Insurance Glossary
      • Reviews
        • Tower Car Insurance Review
        • Cove Car Insurance Review
        • Trade Me Car Insurance Review
      • AMI vs AA Insurance vs Cove vs State vs Tower vs Trade Me Insurance
      • Young Driver Car Insurance
      • Third Party Car Insurance
      • Caravan Insurance
    • Home, Contents and Other Insurance
      • House Insurance
      • House Insurance Calculator
      • Difficult to Insure Areas
      • Insuring Old Houses
      • Contents Insurance
      • Home and Contents Insurance
      • Renters' Insurance
      • Landlord Insurance
      • Dental Insurance and Dentist Plans
      • Phone Insurance
      • Insurance Excess
      • Motorbike Insurance
      • Initio Review
      • Insurance Brokers
        • Trusted Insurance Brokers in Wellington
        • Trusted Insurance Brokers in Christchurch
    • Pet Insurance
      • Is Pet Insurance Worth Buying?
      • Cat and Dog Desexing
      • Getting a Kitten
      • Buying a Puppy
      • Pet Euthanasia
      • Vet Costs in New Zealand
      • Costs of Owning a Cat
      • Costs of Owning a Dog
    • Life & Health Insurance
      • Life Insurance
        • Life Insurance Policy Comparison - Cigna vs AIA vs Asteron Life vs Fidelity vs Westpac vs Partners Life
        • Life Insurance Calculator
        • Pre-Existing Medical Conditions
        • Buying Life Insurance Direct vs Using an Insurance Broker
        • Life Insurance Policies - Features and Questions to Ask
        • When To Cancel Or Change a Life Insurance Policy
        • Life Insurance For Smokers and Vapers
      • Health Insurance
        • Going to Australia for Medical Treatment
      • Income Protection Insurance
        • ACC vs Income Protection Insurance
        • Income Protection Insurance for Self Employed
      • Mortgage Insurance
      • Trauma Insurance
      • Redundancy Insurance
      • Funeral Insurance
        • What to Do When a Spouse or Partner Dies
        • Funeral Costs
  • Credit Cards
    • Best Credit Cards
    • Rewards and Cashback Credit Cards
    • The Best American Express Credit Cards
    • Air New Zealand Airpoints Credit Cards
      • ANZ vs AMEX vs Kiwibank vs Westpac Platinum Airpoints Credit Cards
      • ANZ Airpoints Visa Platinum vs AMEX Airpoints Platinum
      • Kiwibank Airpoints Platinum Visa vs AMEX Airpoints Platinum
      • Westpac Airpoints Platinum Mastercard vs AMEX Airpoints Platinum
    • Balance Transfer Credit Cards
    • Platinum and Gold Credit Cards
    • Reviews
      • American Express Credit Cards Review
        • American Express Airpoints Platinum Review
        • American Express Gold Rewards Card Review
        • AMEX Comparison - Airpoints Platinum vs Gold Rewards
        • American Express Free Card vs Airpoints Platinum
        • American Express Platinum Card Review
        • American Express Membership Rewards Program Review
        • AMEX Cardholder Feedback
        • The Best Ways to Spend AMEX Membership Rewards Points
        • Qantas Credit Cards
        • Singapore Airlines KrisFlyer Credit Cards
        • Cathay Pacific Asia Miles Credit Cards
        • Emirates Skywards Credit Cards
        • RewardPay Review
      • Flight Centre Mastercard Review
    • Guides
      • Pay Off Credit Card Debt
      • Credit Card Basics
      • Mastercard vs Visa
      • Credit Card Minimum Payments Explained
      • Where is Amex Accepted?
      • Credit Card Interest Calculator
      • How to Request a Credit Card Chargeback
    • Other Credit Cards
      • Travel Money Cards
        • Australia Travel Money
        • Bali Travel Money
        • Fiji Travel Money
        • Rarotonga Travel Money
        • UK Travel Money
      • Wise Debit Card Review
      • Revolut Review
      • Revolut vs Wise - Which Is Better?
      • Travelex Money Card vs Wise Debit Card Comparison
      • OneSmart Card vs Wise Debit Card Comparison
      • Cash Passport vs Wise Debit Card Comparison
      • Best Foreign Currency Debit & Credit Cards
      • Free Credit Cards
      • Low Interest Credit Cards
      • Credit Cards for Bad Credit
      • Q Card & Q Mastercard Review
      • GEM Visa Review
      • Onecard Visa Review
      • Purple Visa Review
  • Banking & Savings
    • Banking
      • Best Bank Accounts
      • Best Debit Cards
      • Best Joint Bank Accounts
      • Kids Bank Accounts
      • Cut Overdraft Costs
      • Private Banking
      • International Money Transfers
      • Open an Australian Bank Account from New Zealand
      • Open a UK Bank Account from New Zealand
    • Savings
      • Best Term Deposits
      • Booster Savvy Review
      • Best PIE Term Deposits
      • Best Call Accounts
      • Best Savings Accounts
      • Term Deposit Alternatives
    • Guides and Resources
      • Banks vs Credit Unions
      • Open Banking Guide
      • NZ Bank Prefix Codes
    • Reviews
      • Wise Money Transfer Review
      • Heartland Bank Review
      • First Credit Union Review
      • NZCU Baywide Review
      • The Co-operative Bank NZ Review
      • Western Union Review
  • Mortgages
    • Mortgage Essentials
      • Best Home Loans
      • Mortgage Calculator
      • How Much Can I Borrow?
      • Debt to Income Ratios
      • Equity (and Leverage) Calculator
      • Mortgage Repayment Calculator
      • Mortgage Options
      • Mortgage Cashback
    • Other Mortgage Options
      • Interest-Only Mortgages Guide
      • Interest-Only Mortgage Calculator
      • Revolving Credit Mortgages
      • Offset Mortgages
      • Offset Mortgage Calculator
      • Fixed vs Floating Mortgage Rate Calculator
      • Understanding Interest Rate Swaps
      • What is the OCR?
    • Alternative Mortgage Options
      • Low-Deposit Home Loans
      • Rent to Own Homes
      • First Home Loan Guide
      • Reverse Mortgages
    • Mortgage Management
      • Saving for a House Deposit
      • Pay Off Your Mortgage Faster
      • Mortgage Overpayment Calculator
      • Remortgaging Guide
      • Mortgage Relief and Holidays
      • Amortisation Calculator
      • Mortgage Break Fees
      • Defaulting on a Mortgage
      • High Deposit Mortgages
      • Negative Equity
      • How to Manage Higher Mortgage Payments
      • Mortgage Refinance Calculator
    • Mortgage Brokers
      • Mortgage Brokers Explained
      • Trusted Auckland Mortgage Brokers
      • Trusted Hamilton Mortgage Brokers
      • Trusted Mortgage Brokers in Tauranga
      • Trusted Mortgage Brokers in Napier and Hastings
      • Trusted Mortgage Brokers in Wellington
      • Trusted Mortgage Brokers in Christchurch
    • Buying a Home
      • First Home Buyers Checklist
      • Home Buying Glossary
      • Best House Price & Valuation Websites in New Zealand
      • New Zealand Property Types
      • Rateable Value vs Market Value
      • Leasehold Property Guide
      • Conveyancing vs Lawyers
      • Buying an Apartment in New Zealand
      • Buying vs Renting a House
    • Selling a Home
      • How to Sell Your House Privately
      • Real Estate Agent Fees
      • Bridging Finance
    • Property Investment
      • Investment Property Mortgages
      • Renting Directly to Tenants vs Using an Agent
    • Building a House
      • Average Building Cost Per Square Metre
      • Cost to Build a New House
      • Buying Land to Build a House
      • Construction Loans
      • Tiny Homes in New Zealand
  • KiwiSaver
    • KiwiSaver Basics
      • Our Favourite KiwiSaver Funds
      • Is KiwiSaver Safe?
      • Choosing a KiwiSaver Fund
      • Choosing Your KiwiSaver Scheme
      • Balanced vs Moderate vs Growth KiwiSaver Funds - What is right for me?
      • KiwiSaver Must-Know Facts
      • Opting out of KiwiSaver
      • What Do I Do With My KiwiSaver When I Retire?
      • KiwiSaver Withdrawal
      • Switching KiwiSaver Funds
      • KiwiSaver Robo and Digital Advice Tools
      • Ethical Kiwisaver Funds
      • KiwiSaver Private Equity Investments
    • KiwiSaver Contributions & Tax
      • Your KiwiSaver Contributions
      • KiwiSaver Contributions - Gross or Net?
      • Employer KiwiSaver Contributions
      • Government KiwiSaver Contributions
      • KiwiSaver Savings Suspensions
      • Voluntary Contributions
      • What's My PIR?
      • KiwiSaver and Tax
    • KiwiSaver for Life Events and Specific Situations
      • Average KiwiSaver Balance by Age
      • KiwiSaver First-Home Withdrawal
      • KiwiSaver First Home Grant Guide
      • KiwiSaver Hardship Applications
      • KiwiSaver in a Divorce or Separation
      • KiwiSaver for Kids
    • KiwiSaver Schemes
      • Amanah KiwiSaver Scheme
      • AMP KiwiSaver Scheme
      • ANZ KiwiSaver Scheme
      • ASB KiwiSaver Scheme
      • AON KiwiSaver Scheme
      • BNZ KiwiSaver Scheme
      • Booster KiwiSaver Scheme
      • Fisher Funds KiwiSaver Scheme
      • Generate KiwiSaver Scheme
      • InvestNow KiwiSaver Scheme
      • JUNO KiwiSaver Scheme
      • Kernel KiwiSaver Review
      • Kiwi Wealth KiwiSaver Scheme
      • kōura Wealth KiwiSaver Review
      • Lifestages KiwiSaver Scheme
      • MAS KiwiSaver Scheme
        • MAS Review
      • Mercer KiwiSaver Scheme
      • Milford KiwiSaver Plan
      • New Zealand Defence Force KiwiSaver Scheme
      • Nikko AM KiwiSaver Scheme
      • Pathfinder KiwiSaver Review
      • QuayStreet KiwiSaver Scheme
      • Simplicity KiwiSaver Review
      • Summer KiwiSaver Scheme
      • SuperLife Review
      • Westpac KiwiSaver Scheme
    • KiwiSaver Calculators
      • KiwiSaver Calculator
      • KiwiSaver Returns Calculator
  • Business
    • Compare Business Loans
      • Business Line of Credit
      • Business Borrowing Options
      • Small Business Loans
      • Operating Leases
      • Finance Leases
      • Operating Leases vs Financing Leases
      • Prospa Business Loans Review
      • Bizcap Business Loans Review
    • Business Insurance
      • Public Liability Insurance
      • Business Interruption Insurance
      • Professional Indemnity Insurance
    • Business Credit Cards
    • Business Essentials
      • Money Saving Tips For Businesses
      • Get Debtors to Pay Overdue Invoices
      • Working Capital
      • Liquidations and Receiverships
      • Can't Make Payroll Guide
      • Buying out a Business Partner
      • Business Brokers
    • Business Calculators
      • Business Loan Calculator
      • ROI Calculator
      • IRR Calculator
      • Internal Rate of Return
      • Percent Off Calculator
      • Profit Margin Calculator
      • Current Ratio Calculator
      • Quick Ratio Calculator
    • Online Services
      • Domain Names
      • Trusted Web Designers
        • Auckland Web Designers
        • Hamilton Web Designers
        • Wellington Web Designers
        • Christchurch Web Designers
        • Tauranga Web Designers
        • Lower Hutt Web Designers
        • Dunedin Web Designers
      • Digital Identity Programs and Online Verification Tools
      • Social Media Influencer Marketing
      • PayPal NZ Account Fees
      • Paypal vs Stripe Review
      • Hnry Review
      • n3 Trade Card Review
      • Plain English Awards
    • For Startups
      • How to Start a Business in New Zealand
      • Raising Capital
      • Product Market Fit
      • Crowdfunding vs Bank Financing
      • Blackbird vs Movac
      • How to Become an Angel Investor
      • How to Raise Money from Angel Investors
      • Alternatives to VC Funding
      • Hiring for a Startup
      • VCFO (Virtual CFO)
      • New Zealand Startup and Founder Incubators
      • Expanding Offshore
      • New Zealand Invoice Template
      • Business Podcasts
  • MSD
    • Navigating Work and Income Benefits
    • Jobseeker Support Benefit Rates 2023 and 2024
    • Jobseeker Support Guide
    • Accommodation Supplement Guide
    • Disability Allowance
    • MyMSD
    • Community Services Card
    • Hardship Assistance - Urgent Costs and Living Expense Assistance
    • Loans for Unemployed
    • Working for Families Guide
    • Childcare Subsidies in New Zealand
    • NZ Superannuation in a Nutshell
    • Superannuation Rates 2023
    • Government Departments Helping New Zealanders Directly
    • COVID-19 Help
    • Food Grants Guide
    • Food Banks Directory
      • Food Banks Auckland
      • Food Banks Northland
      • Food Banks Hamilton Waikato
      • Food Banks Wellington
      • Food Banks Christchurch
  • Motoring
    • Buying and Selling a Car
      • Car Valuations
      • Buying a Used Car
      • Selling a Car
      • CarJam Review
      • CarJam vs MotorWeb Car Report Comparison
      • Top Cars that Hold Their Value
      • Vehicle Leasing
      • Car Registration in New Zealand
    • Everyday Driving
      • Costs of Owning a Car
      • 20 Ways to Make Driving Cheaper
      • Gaspy App Review
      • Parking Tickets
      • AA Membership Review
      • Best Car Batteries
      • Best Electric Cars
    • Warrant of Fitness
      • Guide to Warrant of Fitness
      • Warrant of Fitness Auckland
      • Warrant of Fitness Hamilton
      • Warrant of Fitness Tauranga
      • Warrant of Fitness Lower Hutt
      • Warrant of Fitness Wellington
      • Warrant of Fitness Christchurch
      • Warrant of Fitness Dunedin
  • Law
    • Wills Guide
    • Separation Agreements
    • Prenuptial Agreements
    • Divorce Guide
    • Trusts Guide
    • Enduring Power of Attorney Guide
    • Living Wills Guide
    • Probate
    • Agreeable Review
    • Footprint Online Wills Review
    • Perpetual Guardian
  • Job Hunting
    • Job Applications
      • CV Templates & Tips
      • Cover Letters
      • Common Interview Questions
    • Guides & Resources
      • How to Improve Your LinkedIn Profile
      • Part-Time Jobs Guide
      • Redundancy Payouts and Entitlements
      • How to Get Promoted
      • Self-Employment Guide
      • Workplace Bullying
    • Recruitment Agencies
      • Recruitment Agencies Auckland
      • Recruitment Agencies Wellington
      • Recruitment Agencies Christchurch
  • Travel
    • How to Get Access to Airport Lounges
    • Flybuys Review
    • Fastest Way To Earn Air NZ Status Points
    • How to Redeem Air New Zealand Airpoints Dollars
    • Air New Zealand Koru Membership Review
    • Air New Zealand Travel Tips
    • Air NZ Upgrade Guide
    • Airpoints Flexipay Guide
    • No Nonsense Upgrade Guide
    • Cheap Domestic Flights
    • Car Rental Hire
    • Auckland Airport Car Parking
    • First Table Guide
    • Accor Plus Review
    • Queenstown Like a Local
    • Auckland Travel for Less
    • Hotel Booking Sites Compared
    • 100+ Free Things to do in Auckland
    • Layby Flights Guide
    • Airbnb Refunds (Coronavirus)
    • Air New Zealand Refunds & Credits
    • Google Flights Guide
    • Skyscanner Guide
    • Working Holiday Visas
    • Currency Converter
    • Qatar Airways Travel Tips
    • Foreign Currency Exchange
      • Australian Dollars Exchange Rate
      • American Dollars Exchange Rate
      • British Pound Exchange Rate
      • Canadian Dollars Exchange Rate
      • Euro Exchange Rate
      • Fijian Dollars Exchange Rate
      • Hong Kong Dollar Exchange Rate
      • Korean Won Exchange Rate
      • Indian Rupee Exchange Rate
      • Japanese Yen Exchange Rate
      • Malaysian Ringgit Exchange Rate
      • South African Rand Exchange Rate
      • Singapore Dollars Exchange Rate
      • Thai Baht Exchange Rate
      • Chinese Yuan Exchange Rate
  • Broadband
    • Compare Broadband Plans
    • No Contract Broadband
    • Rural Broadband Plans
    • Internet Speed Test
    • Broadband Provider Reviews
      • 2degrees Broadband Review
      • Bigpipe Broadband Review
      • Compass Broadband Review
      • Contact Broadband Review
      • Electric Kiwi Broadband Review
      • Farmside Broadband Review
      • Flip Broadband Review
      • Mercury Broadband Review
      • MyRepublic Broadband Review
      • NOW Broadband Review
      • One NZ Broadband Review
      • Orcon Broadband Review
      • Spark Broadband Review
      • Skinny Review
      • Slingshot Broadband Review
      • Starlink Review
      • Voyager Broadband Review
      • Wireless Nation Broadband Review
  • Power
    • Compare Power Companies
    • Power and Broadband Bundles
    • How to Lower Your Power Bills
    • Fixed Contracts vs Open Power Plans – What You Need to Know
    • Electric Vehicle Power Plans
    • How to Use Less Power
    • Power Companies
      • Contact Energy Review
      • Ecotricity Review
      • Electric Kiwi Review
      • Flick Electric Review
      • Frank Energy Review
      • Genesis Energy Review
      • Globug Review
      • Mercury Review
      • Meridian Energy Review
      • Nova Energy Review
      • Powershop Review
      • Z Energy Power Review
  • Financial Independence
    • FIRE Guides
      • Retirement in a Nutshell
      • How to Retire Early
      • FIRE Explained
      • The Four Percent Rule
      • Achieving Financial Independence, Faster
      • Five Types of FIRE Plans
      • Getting FIRE’d in New Zealand
      • FIRE and NZ Real Estate
    • FIRE Tools
      • Budgeting Apps
      • Debt Repayment Apps
      • Free Financial Literacy Classes
      • Free Financial Products
      • 50/30/20 Budget Calculator
      • Budget Planner
    • Tax
      • Beginner's Guide to Tax
      • Salary Sacrifice in New Zealand
      • Tax Bracket Creep
      • Tax Refunds
    • Money Tips
      • 20 Things to Stop Buying to Have More Money
      • 20 Indicators You're Doing Well Financially
      • 20 Must-Know Money Lessons (Learned From Experience)
      • 20 Money Habits that Keep You Poor
      • Saving on Household Bills
      • Debt Help
      • CAP (Christians Against Poverty) Review
      • Debtfix Review
      • Getting into Debt to Meet Short Term Living Costs
      • How to Survive a Recession
      • Average NZ Salary by Age
      • How to Maximise Income in Retirement
      • How to Handle Rising Interest Rates
      • Free Money from the Government
      • Bankruptcy Guide
      • Unclaimed Money in New Zealand
      • Financial Planning for Children With Disabilities
      • Should I Stop Contributing to KiwiSaver?
      • Teaching Kids About Money
      • Single Parenting and Money
      • How to Protect Your Finances from Inflation
      • Impacts of Inflation in New Zealand - 2022 and Beyond
      • Tips for Families on a Single Income
      • Side Hustles
      • Charities in New Zealand
      • Lending Money to Friends & Family
      • Guarantors - Loans and Mortgages
  • Trade & Professional Services
    • Auckland Trade & Professional Services
      • Acupuncture Auckland
      • Arborists Auckland
      • Asbestos Removal Auckland
      • Auto Electricians Auckland
      • Bathroom Renovations Auckland
      • Builders Auckland
      • Building Inspectors Auckland
      • Cabinet Makers Auckland
      • Car Detailing Auckland ​
      • Catering Auckland
      • Cattery Auckland
      • Chimney Sweep Auckland
      • Chiropractors Auckland
      • Cleaners Auckland
      • Computer Repair Experts Auckland
      • Concreters Auckland
      • Dentists Auckland
      • Dog Boarding Kennels Auckland
      • Dog Daycare Auckland
      • Dog Grooming Auckland
      • Dry Cleaners Auckland
      • Electricians Auckland
      • Eyelash Extensions Auckland
      • Firewood Auckland
      • Flooring Companies Auckland
      • Fridge Repair Auckland
      • Garage Door Repair Auckland
      • Glaziers Auckland
      • Graphic Design Auckland
      • Gutter Cleaning Auckland
      • Gym Memberships Auckland
      • Hair Salons Auckland
      • Heat Pump & AC Specialists Auckland
      • Home Security Systems Auckland
      • Korean BBQ Auckland
      • Land Surveyors Auckland
      • Landscapers Auckland
      • Lawn Mowing Services Auckland
      • Locksmiths Auckland
      • Mechanics Auckland
      • Makeup Artists Auckland
      • Naturopaths Auckland
      • Optometrists Auckland
      • Painters Auckland
      • Panel Beaters Auckland
      • Personal Trainers Auckland
      • Pest Control Auckland
      • Plumbers Auckland
      • Podiatrists Auckland
      • Puppy School Auckland
      • Roofing Auckland
      • Scaffolding Auckland
      • Screen Printing Auckland
      • Solar Panels Auckland
      • Quality Tyres Auckland
      • Wedding Car Hire Auckland
      • Wedding Celebrant Auckland
      • Wedding Photographers Auckland
      • Wedding Videographers Auckland
      • Window Tinting Auckland
    • Wellington Trade Services
      • Arborists Wellington
      • Bathroom Renovations Wellington
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How to Invest in Shares: A Step-by-Step for Beginners

Wanting to invest in shares but unsure how to start and what to invest in? Our guides explains everything you need to know to make investing profitable
invest in shares NZ
Updated 30 April 2023

Investing in the share market is an excellent way to grow wealth. But how do you start, and what does it cost? In this guide, we explain how you can go about investing in the share market, investment options and must-know tips. Our focus is to help you make the right decisions to achieve your investing goals.

Important:  MoneyHub is not a financial advisor and this guide to investing in shares does not constitute financial advice.

Our guide covers:
  • Seven Steps for investing in shares​
  • FAQs about how to invest in shares
Know this first:
  • If you’re looking to invest for less than five years, shares are not suitable given the risk of losing money in a relatively short space of time.
  • A better alternative would be investing in term deposits or bank call accounts. This way, the money you invest will be protected, earn interest and be there when you need it.
  • Want to compare Sharesies with Hatch and Stake for US Shares? Visit our Sharesies vs Hatch vs Stake Guide
  • Looking for an investing platform that offers funds rather than shares? Our reviews of InvestNow, Flint Wealth and Kernel Wealth have you covered.

Picture
Hatch Award US Investing Platform
​Your free guide on How to Invest in Shares, thanks to Hatch. 
  • MoneyHub's guide to investing in shares is sponsored by our friends at Hatch, our 2023 Favourite US Investing Platform.
  • Exclusive MoneyHub arrangement - sign up to Hatch through MoneyHub and get a $20 top up when you deposit $100 or more.
  • Hatch has over 3,500+ of the world's biggest companies and 900 exchange traded funds for you to choose from.
  • If you're looking to invest in the world's most recognisable shares and index funds, this guide helpfully takes you through the entire process of what you need to know.
  • Trusted by over 100,000 Kiwis, buying US shares has never been more accessible. MoneyHub believes Hatch delivers transparent fee trading to all levels of investors.

invest in shares NZ

Seven Steps for Investing in Shares

The hardest part of growing your wealth is making the first investment. Our guide walks you through the process, step-by-step, to give you the confidence to make regular investments.
MoneyHub

Step One: Decide how you want to invest in shares

There are two ways you can buy shares; following a DIY approach or by investing in a managed fund (or ETF). You can do both, and many people do. The difference is how involved you want to be and how much you want to learn. 

Ask yourself - are you: 
  1. Wanting someone to invest on your behalf, and manage the shares for you? (we call this the ‘passive’ option) or
  2. Interested in choosing specific companies to invest in, and monitoring their financial results and share price movements? (we call this the ‘DIY’ option)

It's likely that for a first time investor in shares, option 1 will appeal. For most people, making that first investment in the share market will make them interested in how it works. After a few months of regular investing it's not unreasonable for your depth of knowledge to have grown considerably.

Once you decide what will work for you, i.e. passive or DIY share picking, you’re ready to look at investing options.
MoneyHub

Step Two: Know the difference between shares, ETFs, and funds

Share market investing does not need to be complicated. Understanding the terminology for popular investment options is essential to know what you're investing in. In the share market, there are three main share investment options:

1. Exchange-traded funds – these represent investments that let you purchase small pieces of many different shares in a single transaction. ETFs are index funds which always track an index, best explained in the examples below.
  • For example, Smartshares offers 35+ ETFs, which are shares that can be bought and sold on the NZX. Two of the ETFs that Smartshares offers are NZ TOP 50 and NZ TOP 10. They both invest in a combination of companies, specifically:
  1. The NZ TOP 50 invests in the fifty largest listed New Zealand companies (for example, Vector, Z Energy, Heartland Bank, as well as relatively larger companies such as A2 Milk, Auckland Airport and Fisher & Paykel Healthcare). 
  2. The NZ TOP 10 invests in the ten largest listed New Zealand companies (for example, A2 Milk, Auckland Airport and Fisher & Paykel Healthcare).
  • When you invest in a fund, you also own small pieces of each of those companies. As their share price rises and falls, so does the value of the ETF or index fund. If the NZX 50 goes up 20% in one year, an NZX 50-tracking ETF or index fund will go up by the same amount.
  • If you want to diversify your investments, you can choose index funds or ETFs that follow different share markets here in New Zealand or overseas.
  • For example, Smartshares offers ETFs such as AUS TOP 20 and US 500. These funds respectively invest in the 20 largest listed Australian companies (such as Westpac, Commonwealth Bank and Telstra) and the largest 500 listed companies (such as Apple, Alphabet and Coca-Cola).​
​
2. Index funds - like ETFs, Index Funds are investments which can only be purchased through a fund manager or investing platform. You can buy an ETF on the share market, but not an index fund. In reality they operate fairly similarly, and platforms such as InvestNow and Sharesies offer index funds. Be aware that some index funds have 'minimum investments', which means you'll need to invest a certain amount to buy the fund. This can be anything from $100 all the way up to $20,000. The InvestNow and Sharesies platforms have done great work in reducing minimum investments down to $100 (or even 1 cent). Our guide to Index Funds vs ETFs explains differences between the two.

3. Shares - a share is a unit of ownership in a company, purchased directly on the share market. Shares in any company go up and down all the time based on the demand for the company. For example:
  • A2 Milk is selling more and more milk so its share price increased significantly.
  • Sky TV faces huge challenges with internet streaming and losing customers, so its share price has dropped significantly.
  • Be aware: Unlike ETFs and index funds, shares don't charge a fee for 'management' and 'administration'. They may also pay dividends from their profits, to which you'll receive this in your bank account. With an ETF or index fund, dividend payments are re-invested and buy more shares in the companies they invest in.
  • Picking a share to invest in can involve a lot of research - will it be profitable, will it grow, and will the share price rise? ETFs and index funds are, by comparison, much more straightforward.
MoneyHub

Step Three: Sign up to an investing platform

To be able to invest in shares you'll need to sign up to an appropriate investment platform. The best option for you is the one which gives you the shares, funds and ETFs you want to invest in. We're big fans of the following:
  • Sharesies Review (offers managed funds, ETFs and individual shares in NZ, Australia and US markets)
  • Smartshares Review (ETFs, investing in New Zealand and overseas markets)
  • Hatch Invest Review​ (US-listed shares at ETFs)
  • Stake Review (US-listed shares at ETFs)
  • Tiger Brokers (NZ) (ETFs and individual shares in US, Australia and Asian markets)
  • InvestNow Review (managed funds, New Zealand and international investments)

There are also alternatives:
  • Kernel (index funds with a New Zealand and global-focus)
  • ASB Securities (offering ETFs and shares, New Zealand and overseas markets, as well as margin lending)
  • Jarden Direct (offering ETFs and shares, New Zealand and overseas markets)
how to invest in shares
MoneyHub

Step Four: Set an investing budget

  • Anyone new to investing in the share market usually has two questions – how much money do I need, and how much should I invest?
  • Most shares on the New Zealand share market are priced at less than $25, and platforms like Sharesies allow you to purchase a fraction of one share. For example, 10% of an Air New Zealand share would cost around 30 cents.
  • When considering how much money to invest in shares, how much money you can invest depends on what you can afford. Generally, if you can save a set amount of your income every month and direct it to investing, you'll have regular money to invest.
  • Popular journalists like the Barefoot Investor suggest having around 75% or 80% in index share funds, and 20% or 25% in assets like bank deposits and term investments. This assumes you're young and looking to make long-term returns.
  • If you are looking to buy individual shares, it is sensible to limit your investments because this is risky. The general belief by financial experts is to allocate no greater than 10% of your total investments in individual shares.
MoneyHub

Step Five: Understand what's involved when buying individual shares (and why index funds and ETFs are easier)

  • If you want to invest in a specific company, you can buy a set amount of shares to dip your toe in the share market. You’ll need to decide the amount you want to invest - $50, $2,000, more? And then purchase shares at the price you want to pay.
  • If you're going to expand your portfolio and invest in other companies, you simply repeat the same process. Keep in mind that for every time you buy and sell shares, you’ll be charged a ‘brokerage’ fee – usually a percentage of the order value. For example, if your brokerage is 1% and you buy $2,000 worth of shares, you’ll pay $20. 
  • While index funds and ETFs offer diversified investing (and therefore lowering risk), they are unlikely to rise as high as high-performing shares which can double in price over a few months.
  • But, know this: The chances of picking an individual share that will make you wealthy are quite limited, and hence index funds or ETFs are usually a more sensible investment. This is largely how the funds management industry works – no investment manager puts his or her client’s money into the shares of one company. Instead, they diversify it over one country, one sector (i.e. property or technology) and even further beyond that. The aim is to achieve consistent returns while minimising exposure to one company.
MoneyHub

Step Six: Start investing

  • Many of the most successful investors have done little more than follow the basics outlined above. In America, the famous investor Warren Buffett has repeatedly said that investing in a low-cost S&P 500 index fund is the best investment most Americans can make. His view on individual share purchases is only to do it if you believe in the company’s potential for long-term growth.
  • Investing should never be speculative, and building a portfolio of low-fee, diverse funds that follow New Zealand and overseas markets is a popular way to invest.
  • If you want to invest in specific companies, then start researching to make sure you know what the company’s prospects are.
  • There are plenty of companies in New Zealand that have listed on the share market and gone bankrupt a few years later. Index funds, championed by the likes of the Barefoot Investor reduce the risk by investing in companies with a proven track record. 
MoneyHub

Step Seven: Stay informed - don't bury your head in the sand

The best investor keeps up to date with general movements in the share market. While there's a lot to digest, some really good ways to keep informed include:
  • Reading articles that appeal to you on interest.co.nz and businessdesk.co.nz
  • Listening to relevant Radio New Zealand financial podcasts
  • Tracking your investments using a free subscription to Sharesight

Picture
Hatch Award US Investing Platform
​Your free guide on How to Invest in Shares, thanks to Hatch. 
  • MoneyHub's guide to investing in shares is sponsored by our friends at Hatch, our 2023 Favourite US Investing Platform.
  • Exclusive MoneyHub arrangement - sign up to Hatch through MoneyHub and get a $20 top up when you deposit $100 or more.
  • Hatch has over 3,500+ of the world's biggest companies and 900 exchange traded funds for you to choose from.
  • If you're looking to invest in the world's most recognisable shares and index funds, this guide helpfully takes you through the entire process of what you need to know.
  • Trusted by over 100,000 Kiwis, buying US shares has never been more accessible. MoneyHub believes Hatch delivers transparent fee trading to all levels of investors.

invest in shares NZ

How to Invest in Shares - Frequently Asked Questions

Investing doesn't need to be complicated. To help you out we've listed the most commonly asked questions for someone looking to start investing. 

Can I invest if I don’t have much money?

Yes! Investing with a small amount of money can usually mean you can’t diversify and therefore your risk is higher. Thankfully, New Zealand offers some fantastic platforms which have very low minimum investments. Popular and well-regarded options include InvestNow ($250 minimum), Sharesies (no minimum), Hatch (no minimum) and Kernel ($10 per fund minimum). 

The funds offered by these platforms solve the diversification issue, and therefore offer lower risk, because they hold many different shares within a single fund.

Are shares a good investment for beginners?

Yes, but you’ll need to understand upfront that shares are a long-term investment. This means that you’ll need to be comfortable leaving your money for at least five years. Share markets go up and down all the time, but five years is a significant time for any negative returns to be balanced out by positive share market performance.

What are the best share market investments?

We take the view that investing in a low-cost fund, like an index fund or ETF, gives you a huge chunk of the share market in one transaction. For example, if you buy an NZX 50 ETF, it buys shares in the top fifty companies (by valuation) in New Zealand. This means you’re diversified, so should Fisher & Paykel Healthcare and A2 Milk rise, but Z Energy falls, overall your investment returns will be positive in the long term. 

Index funds and ETFs track a benchmark, so if the NZX 50 is up 10% in 2023 and you held an NZX 50-tracking investment, your investment value will also be up 10%. What this means is you won’t beat the market, but you also won’t beat you. 

History has proven that share traders who pick individual shares (instead of buying index funds) rarely grow their wealth as much as index fund investors over the long term. This comes from the belief is that no share trader, no matter their skill and size, can outperform the gains of a share market.

Is it possible to build a ‘diversified’ portfolio from buying individual shares?

​Yes – but doing so is time-consuming and often expensive by way of brokerage fees. You’ll need to research countless companies and make a decision about whether or not to invest. You’ll need to follow the market overall, looking for undervalued opportunities. And you’ll need to make a lot of decisions – when to buy, when to sell etc.
​

For the reasons stated, an index fund or ETF follow the market, and if a company underperforms, its share price will drop, and the index fund or ETF will sell down its holding. This means the investment will hold more ‘performing’ shares and minimise the ‘underperforming’ shares, without you having to decide to buy or sell.

How do I choose where to invest money?

There are two critical questions - how long do you want to invest for, and how much do you want to risk? If you’re looking to invest for less than five years, shares are not suitable given the risk of losing money in a relatively short space of time. A better alternative would be investing in term deposits or bank call accounts. This way, the money you invest will be protected, earn interest and be there when you need it.

If you’re investing for your retirement, most KiwiSaver schemes and investment managers will suggest you invest the majority of your money in the share market. This is because the share market is historically proven to provide the best long-term returns. Anyone investing on their own is likely to follow this approach.

​In terms of risk, the share market goes up and down. Between 2014 and 2019 the NZX 50 index doubled from around 5,500 to 11,000, meaning anyone investing over that period would have doubled their money. However, past performance is no indication of future returns, and share markets can quickly drop 10%, 20% or even more if there is a market event.

What shares should I invest in?

​While we don’t offer financial advice, and we can’t publish recommendations of any particular companies, diversification is arguably the best way to invest. This includes buying shares through an index fund or ETF – for example, an NZX50 fund that holds all the shares in the NZX 50. You can buy into one fund or a number of funds to give greater diversity.

If you’re determined to pick shares one by one, you’ll unlikely see consistent profits unless you’re an experienced investor. If you want to test your share trading skills, many financial journalists suggest allocating 10% (or less) of your investment portfolio to individual shares will protect you from shares which don’t deliver.
  • To find out which shares have performed well recently, visit Trading View’s NZX Best Performers (click on ‘Performance’) to see which shares have risen the most in the last six months.
  • Remember – past performance (i.e. increases in a share price) is no guarantee of future returns.

Is share trading for beginners?

​We believe shares are an excellent investment for beginners, but ‘trading’ is usually not appropriate for anyone who isn’t experienced. Buying and holding shares in well-respected companies, exchange-traded funds like Smartshares and/or investment funds like Simplicity Investments is likely to deliver the best returns in the long run.

Share trading, on the other hand, is something that requires complete dedication and ongoing research. Share traders regularly buy shares they see as undervalued and hold them to sell them at a profit later. They actively research the market looking for opportunities.

Know this first
  • The goal of share market investing is, for most people, to buy low and sell high.
  • Picking one share to do this is high risk, while investment diversification is a proven way to achieve positive returns.
  • History has proven that a portfolio of shares in several companies held for the long term is one of the best ways to invest.
how to invest in shares

Picture
Hatch Award US Investing Platform
​Your free guide on How to Invest in Shares, thanks to Hatch. 
  • MoneyHub's guide to investing in shares is sponsored by our friends at Hatch, our 2023 Favourite US Investing Platform.
  • Exclusive MoneyHub arrangement - sign up to Hatch through MoneyHub and get a $20 top up when you deposit $100 or more.
  • Hatch has over 3,500+ of the world's biggest companies and 900 exchange traded funds for you to choose from.
  • If you're looking to invest in the world's most recognisable shares and index funds, this guide helpfully takes you through the entire process of what you need to know.
  • Trusted by over 100,000 Kiwis, buying US shares has never been more accessible. MoneyHub believes Hatch delivers transparent fee trading to all levels of investors.

Investment Platform Reviews:
  • Sharesies Review (offers managed funds, ETFs and individual shares in NZ, Australia and US markets)
  • Smartshares Review (ETFs, investing in New Zealand and overseas markets)
  • Hatch Invest Review​ (US ETFs and individual shares)
  • Tiger Brokers (NZ) Review (offers ETFs and individual shares in US, Australia and Asian markets)
  • InvestNow Review (managed funds, New Zealand and international investments)
  • Kernel Wealth Review (index funds with a New Zealand-focus)
  • ASB Securities Review (offering ETFs and shares, New Zealand and overseas markets, as well as margin lending)
  • Jarden Direct Review (offering ETFs and shares, New Zealand and overseas markets)
  • Want to compare Sharesies with Hatch and Stake for US Shares? Visit our Sharesies vs Hatch vs Stake Guide
  • Are you looking to understand investment terms? Our extensive investing glossary outlines must-know words and explains what they mean with relevant New Zealand examples.
  • Looking for an investing platform that offers funds rather than shares? Our reviews of InvestNow, Flint Wealth and Kernel Wealth have you covered.
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  • Loans & Finance
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  • Banking & Savings
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    • Buying a Home
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  • KiwiSaver
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  • Business
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  • MSD
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  • Motoring
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  • Law
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  • Job Hunting
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  • Travel
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  • Broadband
    • Compare Broadband Plans
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  • Power
    • Compare Power Companies
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    • Power Companies
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  • Financial Independence
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      • Beginner's Guide to Tax
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    • Money Tips
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      • 20 Indicators You're Doing Well Financially
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      • 20 Money Habits that Keep You Poor
      • Saving on Household Bills
      • Debt Help
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      • Getting into Debt to Meet Short Term Living Costs
      • How to Survive a Recession
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      • Free Money from the Government
      • Bankruptcy Guide
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      • Financial Planning for Children With Disabilities
      • Should I Stop Contributing to KiwiSaver?
      • Teaching Kids About Money
      • Single Parenting and Money
      • How to Protect Your Finances from Inflation
      • Impacts of Inflation in New Zealand - 2022 and Beyond
      • Tips for Families on a Single Income
      • Side Hustles
      • Charities in New Zealand
      • Lending Money to Friends & Family
      • Guarantors - Loans and Mortgages
  • Trade & Professional Services
    • Auckland Trade & Professional Services
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    • Wellington Trade Services
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    • Christchurch Trade Services
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    • Hamilton Trade Services
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