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What should I do with my Brierley and IndraNet shares?

Thursday 24th January 2002

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Q: I'm 16 years old and have about 1,100 Brierley shares. I am looking to re-invest these into a better investment and was hoping for some advice about what shares to buy. I'm not in any hurry to make a quick profit but wouldn't mind the odd dividend. I also have 500 IndraNet shares - are these worth having?

A: You are not alone. Most BRY shareholders have not been happy with the performance of their shares in the last few years. Why don't you look to put the sale proceeds into a passive fund that is spread across more than one share? If you join the dividend reinvestment plan you can compound your return. There are several listed passive funds - TNZ, OZY & WIN -that tracking the NZSE10 Index, the Australian 20 Leaders Index or the World Index Fund.

I haven't followed the progress of Indranet. It is not a listed company but you can check out the most recent announcements on CompanyWire (http://companywire.com.au/NZSE/ITL) and visit the website (http://www.indranet.co.nz/).

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