Forum Archive Index - June 2003

["Russell" <allanrussell90@hotmail.com>]

Marty I am with ASB securities, I went with them because it was a name I
knew and trusted, and my own bank does not do trading on the nzx. They seem
to be cheaper than others however getting things sorted with them was a
major mission. In the end I was given a voucher for a free trade to
compensate me for the extreme hassell involved. Now it is am up and running
it is a good system, the only cause of grief to me has been my mis
calculation in purchasing shares going up in value, the standard brokerage
being $ 24.50 for under $30000.00 transaction. Trying to get a big a bang as
possible for my buck went to purchase just under that ammount at market
price on a rising market and the few shares I got over the limit cost more
in brokerage than the shares were worth. I try to deal in slightly smaller
parcells now. Hope this  helps.
Al.

----- Original Message ----- 
From: "Martin Ryan" <mryan@cortell.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, June 27, 2003 9:08 AM
Subject: [sharechat] Net brokers


> I'm still a dry investor, and intend to stay that way for a little while,
> but wondering if anyone  can point me in the direction of a good net
> brokerage service, to keep my brokerage costs to a minimum.  If something
> good comes along I want to be able to jump straight onto it.
>
> Also, does anyone have any good reasons why I shouldn't use a net
brokerage
> service?
>
> Cheers
> Marty
>
>
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