Features to see from 2023
It’s been another big year for the Sharesies app. Join us as we reflect on some of the features that launched in 2023, and look ahead to what’s coming in 2024. 👀
Embracing open banking
Investors can now securely link their bank with the Sharesies app, making it possible for the platform to offer features like round-ups and linked bank top-ups.
With round-ups, your daily spending gets rounded up to the nearest dollar, then when your tally reaches your chosen amount, the money is automatically transferred to your Sharesies Wallet.
Once you’ve linked your bank with the Sharesies app, you can also make one-off and recurring Wallet top-ups—all without needing to leave the Sharesies app or have your card on hand to make the transaction.
Delving into dividends
Over $1 million in dividends was paid out to investors on the Sharesies platform in 2023! So to give investors more control over how they receive dividends, two highly-requested features were introduced: auto-invest dividends and dividend reinvestment plans (DRPs).
Auto-invest dividends lets you invest any dividend you receive through the Sharesies app straight back into a company or fund—automatically.
And for a few select investments, you can opt in to a DRP to receive your dividends as shares instead of a cash payment—without paying the Sharesies transaction fee.
If an investment offers a DRP, you’ll see Dividend reinvestment plan available on the investment’s page.
Price watchers, rejoice!
You can now get notified when an investment reaches a specific price, making it easier to react to price movements. To set up, go to an investment and select Set a price notification.
Additionally, you can set up a trigger buy or stop loss order to set the price at which your buy or sell order for a US investment gets sent to market. Stop loss orders may protect an investment from potential losses, while trigger buy orders may help to take advantage of share price movements without constantly monitoring share prices yourself.
Global investing, made easier
For those who like to invest in overseas shares, we introduced more ways to transfer shares into (and out of) the Sharesies platform—including US transfers and ASX transfers from a Holder Identification Number (HIN).
We also introduced extended hours trading for US markets which you can opt in to by going to Investments > Manage > Extended US trading hours.
Using the app—your way
2023 was the year monthly plans were introduced. These help to make sure you get the most value for investing regularly—with coverage on buy, sell, and auto-invest orders, as well as round-ups and linked bank top-ups.
And for keeping on top of your investments and tax obligations, there’s a new type of report that gives you in-depth data about your investments held on the Sharesies platform during a selected period. To generate, go to Account > Generate reports > Investment holdings report.
Even after all of that, there’s still more to come! Here’s what’s on the cards for 2024:
Live data for US investments
A report to help with foreign investment fund (FIF) tax
Paying annually for pricing plans
Over-the-counter (OTC) US investments
Let us know what you think
We’re keen to hear what you think about these changes! You can let us know your feedback, or ideas for features you'd like to see this year, by emailing us at firstname.lastname@example.org.
Ok, now for the legal bit
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time written. You should consider seeking independent legal, financial, taxation or other advice when considering whether an investment is appropriate for your objectives, financial situation or needs.