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NZ Shares

Discussion in 'Shares' started by DaveA, 26th Oct, 2007.

  1. DaveA

    DaveA Well-Known Member

    Joined:
    19th Feb, 2007
    Posts:
    617
    Location:
    Sydney, NSW
    does anyone know an aussie broker who sells nz shares? Ive got a small parcel that i want to get rid of by comsec doesnt do them.

    Ive had a quick look at websites but im not really finding alot..
     
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi Dave,

    Macquarie and GSJBW both do NZ shares.

    Cheers,

    Dan
     
  3. DaveA

    DaveA Well-Known Member

    Joined:
    19th Feb, 2007
    Posts:
    617
    Location:
    Sydney, NSW
    cool,

    GSJBW charge $99 for brokerage but from what i saw it seems i need to have one of their cash management trusts to settle. I might need to ring them on monday.

    I couldnt see anything in macq except for them wanting to use prime....
     
  4. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi Dave,

    You can use any bank account. You'll need to complete a Direct Deposit form advising them of your banking details.

    I've worked at GSJBW for 3 good years, they treat employees very well.

    They do promote the Were CMT or Were Deposit Notes naturally as it is their own product, though many clients have Macquarie CMT's but they can pay into any standard bank account with a BSB and a/c number.

    I've got a Deposit Note account myself.

    Cheers,

    Dan

    PS This is general information and not a recommendation to any cash holding accounts or deposits. Before making an investment decision speak to your FPA registered financial planner, accountant, tax adviser or stockbroker.
     
  5. DaveA

    DaveA Well-Known Member

    Joined:
    19th Feb, 2007
    Posts:
    617
    Location:
    Sydney, NSW
    cool, well macq only trade us and i cant find anyone else who does it

    so looks like im stuck into paying the $99 - thats the problem with international shares i guess. (and also with $1000 employee share plans :mad:)

    Hoping to sign up as a non member once of trading account if it costs no more to trade however will take the member option if i need to

    Thanks for your help

    Cheers
     
  6. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    if its only $1000, prehaps just keep them there? who knows in 5-10 years time you might get a suprise and a small unexpected windfall?