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How much money do I need to start buying shares?

Wednesday 23rd January 2002

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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.

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