Investing your Money

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Forums › Finance and wealth management › Investing your Money

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mattwnz

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#1851543 23-Aug-2017 22:07

minimoke:

sonyxperiageek:

The problem with buying/selling shares is the high-ish broker fees that comes with buying/selling shares IMO.

I pay $29.90 a trade which I think is quite reasonable. Compare that with property and what you pay a real estate agent!

Depends on the amount you are investing, as I think $30 is the min rate. But I can imagine it can add up if you are diversifying across a lot of stocks. If you are a trader though, and regularly buying and selling then I can imagine it can quickly add up. But in investing long term, then you only pay it twice, once when buying and then again when selling. I would have thought that with automation and computerization, that would have come down a lot in price.

sonyxperiageek

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#1851578 24-Aug-2017 01:36

I guess it's only stayed around the current price so that brokers get a bigger cut.

Sony

eracode

Smpl Mnmlst
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#1851579 24-Aug-2017 01:56

darylblake:

Cash & Governments Bonds. - These are very safe, provided you can keep them safe.

Just wondering what you mean by ".... provided you can keep them safe"?

Sometimes I just sit and think. Other times I just sit.

AidanS

458 posts

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#1851581 24-Aug-2017 02:11

mattwnz:

...I would have thought that with automation and computerization, that would have come down a lot in price.

Pretty sure it has overseas, but yet again, good 'ol Neuw Zeelund lags behind...

surfisup1000

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#1851639 24-Aug-2017 07:43

Online forex trading :)

Must be good, I keep getting calls trying to sell me fx trading packages.

iDear

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#1851764 24-Aug-2017 10:24

The top 3 investment options in this country will be pay off your consumer debt, join KiwiSaver and pay extra on your mortgage (if you have one). After that, it is a good idea to dip your toe into low-cost index fund like SuperLife and InvestNow.

HP

Shop now for HP laptops and other devices (affiliate link).

kryptonjohn

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#1851767 24-Aug-2017 10:30

The NZX has historically outperformed property, and does so without the investment and social issues property speculation has caused.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11640091

darylblake

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#1851800 24-Aug-2017 11:29

eracode:

darylblake:

Cash & Governments Bonds. - These are very safe, provided you can keep them safe.

Just wondering what you mean by ".... provided you can keep them safe"?

It was more of a reference to hard "cash" itself. It doesn't necessarily mean its an investment, as inflation generally de-values cash. I was really meaning that you should probably have a bit of cash available as a part of your portfolio, probably in a bank incase you need it urgently.

kryptonjohn

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#1851807 24-Aug-2017 11:34

At least with an on-call account you can get around 1.5% (before tax) and mitigate the inflation.

minimoke

750 posts

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#1852081 24-Aug-2017 19:37

mattwnz:

minimoke:

sonyxperiageek:

The problem with buying/selling shares is the high-ish broker fees that comes with buying/selling shares IMO.

I pay $29.90 a trade which I think is quite reasonable. Compare that with property and what you pay a real estate agent!

Depends on the amount you are investing, as I think $30 is the min rate. But I can imagine it can add up if you are diversifying across a lot of stocks. If you are a trader though, and regularly buying and selling then I can imagine it can quickly add up. But in investing long term, then you only pay it twice, once when buying and then again when selling. I would have thought that with automation and computerization, that would have come down a lot in price.

its the minimum rate for a trade up to $15,000. After that its 0.02%. It may seem to add up but say you had $150,000 to spend across 10 shares that's only $300. Considering also the issue is investing rather than trading so you just amortise the cost of the Buy (as well as the eventual Sell) across the life time of the holding. All up cost therefore $600. Say net dividend yield of 3%. That's net income of $4,500 so you are well clear after a year.

Anywhere you look at investing it is going to cost you - even Kiwisaver sucks some life out of you with their fees.

If you don't think you can make your expenses back from your investment than you shouldn't be spending on that investment.

Jax

92 posts

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#1852095 24-Aug-2017 20:04

minimoke:

mattwnz:

minimoke:

sonyxperiageek:

The problem with buying/selling shares is the high-ish broker fees that comes with buying/selling shares IMO.

I pay $29.90 a trade which I think is quite reasonable. Compare that with property and what you pay a real estate agent!

Depends on the amount you are investing, as I think $30 is the min rate. But I can imagine it can add up if you are diversifying across a lot of stocks. If you are a trader though, and regularly buying and selling then I can imagine it can quickly add up. But in investing long term, then you only pay it twice, once when buying and then again when selling. I would have thought that with automation and computerization, that would have come down a lot in price.

its the minimum rate for a trade up to $15,000. After that its 0.02%. It may seem to add up but say you had $150,000 to spend across 10 shares that's only $300. Considering also the issue is investing rather than trading so you just amortise the cost of the Buy (as well as the eventual Sell) across the life time of the holding. All up cost therefore $600. Say net dividend yield of 3%. That's net income of $4,500 so you are well clear after a year.

Anywhere you look at investing it is going to cost you - even Kiwisaver sucks some life out of you with their fees.

If you don't think you can make your expenses back from your investment than you shouldn't be spending on that investment.

If you shop around though, you can definitely save on fees - Kiwisaver and others

Here is an example on saving on ETF

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