Sharechat Logo

How much money do I need to start buying shares?

Wednesday 23rd January 2002

Text too small?
Q: How much money do I need to start investing in the sharemarket?

A: There is no minimum fixed amount to start investing in the NZ sharemarket but every NZ share has a minimum holding. For example, the minimum holding for Telecom shares is 50. If you want to buy 50 Telecom shares at the current market price of $5.97, your minimum investment would be $298.50 + brokerage. If you are interested in a different share then ask any broker what the minimum holding is (plus their fee) and that will give you an idea of how much you will need to become a shareholder.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Where can I find information about companies on the secondary board?
Why do NZ companies list offshore?
How do I find what specific companies make up a sector index?
What is the difference between a renouncable and non-renouncable rights issue?
What advice can you give a beginner?
How do I begin investing in the sharemarket?
Where can I get investment information or advice?
How do I research a company I may want to buy shares in?
What are share issues and placements?
How do I choose a broker?

IRG See IRG research reports