Once your Kernel account is set up and verified, you are ready to invest. Here are the steps to make your first investment:
Step 1: Log in to your Kernel account.
Step 2: Deposit money into your Kernel wallet. Always include your unique reference code when making deposits to avoid delays.
Please note: Your first deposit will take 1-2 business days to process and show up in your Kernel wallet. Check back after placing the initial deposit to ensure the funds have arrived before allocating them to an investment.
Step 3: Within the Kernel platform, navigate to Explore from the main menu navigation.
Step 4: Here you will be presented with the full range of Kernel investments, including Kernel Funds, US ETFs, US Shares, Savings and KiwiSaver. You can scroll to browse, use search to find a specific investment by name, or refine your results using the Filter button. Once you have found the asset you would like to invest in, click on it.
Step 5: You will be taken to the product page where you can view the product details such as what the investment is designed for, for funds you will see what it invests in, and its risk level and past performance. To proceed to buying, click the Buy button.
Step 6: Enter the amount you wish to invest, then click Confirm amount.
Step 7: Review your order, specifically the Order processing date which is when the buy order will begin processing. Confirm you are happy with the amount to invest, plus the investment selected, then check the tick-box that confirms you have read the Product Disclosure Statement. Click the Place order button to complete your investment purchase.
Step 8: Your buy order is now placed and will show as Pending within the drawer, as well as in the Activity tab in the main menu navigation.
Step 9: To check in on the status of your investment, navigate to the Activity tab.
Please note: Fund buy orders begin processing on the next available trading day (the exact date is displayed before you confirm your buy order) at approximately 12:05pm.
Once a buy order is actioned, it will take 2 business days before the completed trades are reflected in your investments.
If you encounter any problems during this process, please contact us at support@kernelwealth.co.nz