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285 posts

Ultimate Geek


# 215541 1-Jul-2017 16:43
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I've been looking for a local share trading forum and the only one I can see is Sharetrader.co.nz which requires an ISP email address to sign up, how many people still use ISP email addresses?

 

Maybe there are some savvy share traders here?

 

I am completely new to share trading and want to buy some stock on the NZX50, I've just recently completed and have an ANZ Securities account. I've been researching a bit but there is a lot to grasp. I've decided investing in an ETF would be appropriate for a longer term investment and am thinking probably the FNZ Top 50 Fund... Any ETF traders here? What was your approach?

 

Of course people recommend to diversify your investment profile where is where I'm a little stuck.  I'm interested in short term trading and trading for income via dividends also but aren't really sure where to go with that. Can anyone offer any advice? Would be much appreciated.


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430 posts

Ultimate Geek

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  # 1810576 2-Jul-2017 19:01
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Kol12:

 

@Ouranos 

 

Thanks for that little write up it's helped me better understand some of those simple things a lot! May I ask where that detailed page for FNZ came from? 

 

With the FNZ 50 are you buying shares from those 50 companies or shares from the "fund"?

 

So the quantity is the amount of shares you want to buy, funds divided by current share price or sell price? Do I need to add the trading fee into the equation myself?

 

If you don't put an offer in do you have to buy at the current sell price?

 

"whether or not the FNZ price of 229 cents per share is a "good" price is for you to determine."

 

Right so I could check out the price history to make my decision on that?

 

 

 

 

Quantity x share price + brokerage = final cost e.g. 1000 shares at 229c + $29.50 = $2319.50 final cost

 

You can choose you buy price or tick a box to accept the current market price (basically the lowest sell price). If you choose the depth option you can see what buyers and sellers are wanting to buy and sell and how many. 

 

If you're trading then you need to trade orders around $5k upwards (preferably $10k+) at a time otherwise the brokerage will not make it worthwhile.

 

On a $2k trade you'll need the share price to increase by 3% just to cover the brokerage. On a $5k trade it's 1.18%. On a $10k trade it's 0.59%

 

On a side note (for traders), the ANZ share & bond trading platform can do trigger orders (stop loss) but it's not enabled by default - you'll need to ask them for it. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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