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Buy investments

Place market or limit buy orders in Australian, NZ, or US investments—and choose which portfolio they’re for.

Written by Sharesies Help

You can invest in thousands of companies and exchange-traded funds (ETFs) listed on the:

  • Australian Securities Exchange (ASX)

  • New Zealand Stock Exchange (NZX)

  • New York Stock Exchange (NYSE)

  • Nasdaq

  • Chicago Board Options Exchange (CBOE).

You can also invest in a range of US over-the-counter (OTC) investments and New Zealand managed funds.

All Sharesies accounts are cash accounts. We don’t offer margin accounts, or the ability to participate in loans or margin lending.

If you have more than one portfolio

Buying works the same way—you just choose which portfolio your order is for.

Where you start your order decides whether we ask:

  • From within a portfolio: we already know which portfolio you’re buying for, so we take you straight to the order.

  • From Explore or search: we’ll ask Which portfolio are you buying for? before you place your order.

On the order and review screens, the portfolio shows as a label next to the order type. Select it to switch to a different portfolio before you place your order.

Australian or NZ companies or ETFs

Prices for Australian and NZ investments are delayed by at least 20 minutes.

You'll need to have the correct currency to invest in companies and funds across the different exchanges. If you don't have enough of the correct currency, you can exchange currency in advance, or you can exchange currency when you place a buy order. Read about foreign exchange fees.

Read more about exchanging money:

Market and limit orders for Australian or NZ shares may be sent to market individually, or sent to market with similar orders placed by other investors—this is called ‘aggregation’.

When orders are aggregated, they retain their priority. If an aggregated order only partially fills, and your order was placed first, this means it’ll be filled first. Read about order processing times.

To place an order

  1. Select Explore.

  2. Search for an investment. Use the filters, or the ‘Search all investments’ field to enter your own search term. Select See all for further filter options.

  3. Select an investment you’re keen to invest in (don’t forget to do your due diligence)

  4. Select Buy in the bottom right corner.

  5. If you have more than one portfolio, choose which portfolio you’re buying for.

  6. Choose whether you want to place a market buy order or a limit buy order in fractional or whole shares. If you don’t have enough money in the correct currency, you’ll be prompted to top up your Wallet or exchange currency.

  7. On the review page, check that your order details and any fees are correct. Select Buy to place your order. Order processing times.

NZ managed funds

  1. Log in to Sharesies.

  2. Select Explore.

  3. Search for a managed fund. Use the ‘Managed funds’ filter, or the ‘Search all investments’ field to enter your own search term.

  4. Select the managed fund you want to invest in.

  5. Select Buy in the bottom right corner.

  6. If you have more than one portfolio, choose which portfolio you’re buying for.

  7. Enter the dollar amount to invest.

  8. Take time to read and understand the fund’s Product Disclosure Statement (PDS), if applicable.

  9. Check your order details are correct, and any fees that will apply. Select Buy to place your order.

US investments

If you haven’t bought US investments before, you’ll need to give us some extra tax info before you can invest.

Prices for US investments are delayed by at least 20 minutes, or by five seconds if you’ve opted-in to the $15 pricing plan, which includes US live pricing.

Before investing in an American depositary receipt (ADR), there are some extra details you should know.

You’ll need US dollars (USD) to buy US investments. You can exchange money in advance, whenever you want, or you can exchange money when you place a buy order.

To place an order

  1. Select Explore.

  2. Search for an investment. Use the search filters, or the ‘Search all investments’ field to enter your own search term. Select See all for further options.

  3. Select the investment you’d like to invest in.

  4. Select Buy in the bottom right corner.

  5. If you have more than one portfolio, choose which portfolio you’re buying for.

  6. Before investing in US shares for the first time, you’ll need to answer a few questions, and complete a W-8 BEN tax form (or W-9 form if you’re a US citizen or green card holder).

  7. Choose the type of order you’d like to place.

  8. Check that your order details are correct, and any fees that will apply.

  9. Select Buy to place your order.

Orders may not fill completely at once—learn more about partially filled orders.

If you need a hand, flick the team an email at help@sharesies.co.nz.

Please note: NZ Bonds are currently transfer-in and transfer-out only. This means you cannot place buy orders for NZ Bonds through Sharesies.

Why Are Some Investments Unavailable on Sharesies?

Some investments may not be available on Sharesies due to limitations:

  • Private Companies: Some companies are privately owned and not publicly traded. These are only accessible to accredited or institutional investors. If such companies go public in the future, they may become available for trading on Sharesies.

  • Overseas IPOs: Sharesies supports IPOs for companies listing on New Zealand exchanges. However, IPOs on overseas exchanges, such as the ASX, are not always available pre-listing. Once publicly listed, these shares may become available for trading.

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