Link launches micro-investing app
Link Market Services has launched an app that allows retail investors to spend as little as $50 a transaction.
Monday, December 9th 2019, 8:07PM
It said ShareMeUp would allow investors to leverage a dollar-cost averaging investment strategy.
Users can register and set up regular deposits of $50 to $500.
Marcelle Ashcroft, Managing Director, New Zealand said: “ShareMeUp gives shareholders a convenient way to invest weekly, fortnightly or monthly. Where brokerage fees and other barriers would typically discourage the smaller retail investors, ShareMeUp makes the process of growing their shareholdings easier than ever.
“The service makes it more affordable to build a portfolio with no monthly fees and brokerage fees starting at 99c, with a minimum investment of $50 and a maximum fee of 1.98% of the amount invested. Shareholders can track the amount they have invested easily through the app, and see how much they have saved in brokerage fees by using the service.”
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