international 0 Report post Posted January 3, 2008 I am in need of a stockbroker, a bit lost as to where to start, dont know if anyone know of a good stockbroker to recommend to me. I am being dead serious haha... Cheers... Quote Share this post Link to post Share on other sites
jpp 0 Report post Posted January 3, 2008 Wrong place to ask here imo... But never take financial advice from someone who drives a shittier car than yours. Quote Share this post Link to post Share on other sites
antony 0 Report post Posted January 3, 2008 ^^^ lol Check out the yellow pages? Quote Share this post Link to post Share on other sites
international 0 Report post Posted January 3, 2008 ^^^ lol Check out the yellow pages? So it happens that the Yellow Pages tells me all of the sharebrokers are good...I would still prefer to have a recommendation from someone who has dealed with... Quote Share this post Link to post Share on other sites
jpp 0 Report post Posted January 3, 2008 When Brent King was in charge, Dorchester rocked. I run with gut instinct. And my gut LURVES BurgerFuel (but I refuse to buy shares just yet) Quote Share this post Link to post Share on other sites
international 0 Report post Posted January 3, 2008 When Brent King was in charge, Dorchester rocked. I run with gut instinct. And my gut LURVES BurgerFuel (but I refuse to buy shares just yet) Would not recommend Dorchester no more? haha, frankly as good as it may sound, I believe the potential out of BurgerFuel is "limited". Not worth putting my time into.... Quote Share this post Link to post Share on other sites
Braeden320 0 Report post Posted January 3, 2008 Hey Mate, Probably not a good place to ask here... But try here...NZ Money Talk Whatever you do make an informed choice and don't put all your money in one place. Spread the risk. Quote Share this post Link to post Share on other sites
CamB 48 Report post Posted January 4, 2008 (edited) Sorry to answer question with a question... but what do you want the broker for. Recommending stocks? Or just transacting your own choices? Some brokers offer cheap(er) online trading so you might as well get one of those if all you want is to buy/sell a few shares, while some offer the full service, with higher fees (and some both options). If you want advice, bigger brokers with international links (either foreign owned or part owned, or affiliated) get my vote (theoretically they'll have better insight into foreign shares). Eg ABN Amro Craigs, Macquarie, Goldman Sachs, First NZ Capital (has Credit Suisse affiliation of some sort still). If you're looking to invest smaller amounts of money (eg less than about $50k) it's pretty hard to get meaningful diversification without investing in a fund or funds (managed or index - I'm beginning to prefer index funds since they have low fees and never underperform the market, except for the fees), or maybe listed investment companies. Diversification is imperative... A full list of all brokers is there at www.nzx.com - if you needed to find one with online/cheap brokerage you might start there and check a few of their sites etc. Edited January 4, 2008 by CamB Quote Share this post Link to post Share on other sites
international 0 Report post Posted January 4, 2008 (edited) Sorry to answer question with a question... but what do you want the broker for. Recommending stocks? Or just transacting your own choices? No, its ok, I am looking to purchase some stocks...my own choices... Edited January 4, 2008 by international Quote Share this post Link to post Share on other sites
CamB 48 Report post Posted January 4, 2008 Ooops, just spent ages redoing the post with meaningful(ish) advice. Try hunting through the options to find who has lowest brokerage then. Might as well be cheap if you make your own decisions. Quote Share this post Link to post Share on other sites
international 0 Report post Posted January 4, 2008 Ooops, just spent ages redoing the post with meaningful(ish) advice. Try hunting through the options to find who has lowest brokerage then. Might as well be cheap if you make your own decisions. How do I buy/sell stock "myself" without the envolvement of anyone else? Quote Share this post Link to post Share on other sites
Jeddy 0 Report post Posted January 4, 2008 Are you after a long term investment (say 3yrs+) or short term gain? Quote Share this post Link to post Share on other sites
ThreeOneEight 0 Report post Posted January 4, 2008 I asked my great aunt (who is 80 and has been playing the stock market since the 1960s), and she recommends JB Were Goldman Sachs. Her other tip was to try and get a personal broker who is neither brand new to the industry, or one who has been in it far too long. Quote Share this post Link to post Share on other sites
BMW POWER 2 Report post Posted January 4, 2008 ABN Amro Graigs are cool, threw cash and advice at my Yound Enterprise team last year, so to have the cash they must be good. Quote Share this post Link to post Share on other sites
international 0 Report post Posted January 4, 2008 Are you after a long term investment (say 3yrs+) or short term gain? Its flexible for me as I have a couple of funds I can play around with, but the point is to have more than what the banks dishes out...I know I sound greedy as 7% is already nice...but these days, you just aint really utilizing your money well in a bank, just leave it there to rot. There are investments with higher performances but require a much larger initial fund which may require the contribution of a few people on a single "investment property" for example. Whilst I dont have this kind of partnership yet, the shares is a more volatile form of investment, the up and downs are harder to predict thus increases the risk but at the same time its a vice versa situation. Quote Share this post Link to post Share on other sites
international 0 Report post Posted January 4, 2008 I asked my great aunt (who is 80 and has been playing the stock market since the 1960s), and she recommends JB Were Goldman Sachs. Her other tip was to try and get a personal broker who is neither brand new to the industry, or one who has been in it far too long. Sorry, I am a little confused with the name...is the name " JB Were Goldman Sachs"? and I am most confused with the last part...correct me if I am wrong "you either get someone who is a noob or get an uber 1337"? Quote Share this post Link to post Share on other sites
international 0 Report post Posted January 4, 2008 ABN Amro Graigs are cool, threw cash and advice at my Yound Enterprise team last year, so to have the cash they must be good. Thanks very much for the heads up, will look into that as one of my options, thanks very much. Quote Share this post Link to post Share on other sites
international 0 Report post Posted January 4, 2008 Sorry to answer question with a question... but what do you want the broker for. Recommending stocks? Or just transacting your own choices? Some brokers offer cheap(er) online trading so you might as well get one of those if all you want is to buy/sell a few shares, while some offer the full service, with higher fees (and some both options). If you want advice, bigger brokers with international links (either foreign owned or part owned, or affiliated) get my vote (theoretically they'll have better insight into foreign shares). Eg ABN Amro Craigs, Macquarie, Goldman Sachs, First NZ Capital (has Credit Suisse affiliation of some sort still). If you're looking to invest smaller amounts of money (eg less than about $50k) it's pretty hard to get meaningful diversification without investing in a fund or funds (managed or index - I'm beginning to prefer index funds since they have low fees and never underperform the market, except for the fees), or maybe listed investment companies. Diversification is imperative... A full list of all brokers is there at www.nzx.com - if you needed to find one with online/cheap brokerage you might start there and check a few of their sites etc. Thank you, that was most helpful, cleared out a few of the questions in my head...yes I am investing less than 50K...sorry if you can "explain 3rd paragraph"? it sounds important but I am getting lost lol... Quote Share this post Link to post Share on other sites
sammaw 0 Report post Posted January 4, 2008 Stocks are 80s and after the crash most prefer these days invest in a mix between metals, oil etc and FX and perhaps some blue chip shares. Generally you can leverage these up 5 to 1 that gives you opportunities to maximize gains much like the property market. however the losses will be greater when you get it wrong. The ratio between your investments will indicate your risk appetite. assuming you are a young buck you can afford to be a little more risky. Information is key, read everything you can then make your assumptions and go for it. Keep some money in the bank for backup. Indian/chinese/brazilian stocks + oz mining stocks. perhaps some silver and some Foreign exchange. Good luck Quote Share this post Link to post Share on other sites
CamB 48 Report post Posted January 5, 2008 (edited) Sorry for the slow reply. Right, here goes... First up, depending on the broker, you can choose anything from full service (you give them money, they deal with it), through portfolio advice (the "normal") to simple brokerage services. Ummm, quickest example I can find right now is ASB: https://www.asbsecurities.co.nz/section91.asp? You can see that the online trading is the cheapest, and by the sound of it, this sort of thing might suit you - basically an ASB bank account that you can buy and sell shares online or over the phone from, for not too many $$$. ASB Securities is not the only broker offering this service - it's just the first one I looked at. However, if you want advice, I'd personally choose a specialist broker (sorry ASB) and as I said before, one of the major broking houses. Someone's earlier comment about not choosing a n00b broker is fair (they don't know anything yet), and its possibly a bit unfair to warn against an old worn out one (lol). I think it implies an old broker CBF anymore. OK, diversification in 200 words or less.... Finance theory says that there are two types of risk - diversifiable and non-diversifiable. If you own a share, you are exposed to both. If you own 10 shares across different industries, you start to get the benefits of diversification and the diversifiable risk (generally it is company or industry specific risk, although that's a generalisation) starts to cancel out. Basically if something really bad happens that affects one company, it can be positive for another, and the unusual losses (theoretically, over time) cancel out - it's not to say the returns cancel out, only that the volatile, unexpected losses and gains cancel, leaving the expected return. If you have a well diversified portfolio, then the expected returns should be related to the non-diversifiable (also known as systematic or market risk) of your shares, and you should be getting the maximum reward vs risk. Look - I'm not sure that helps, but basically the concept of risk is actually quite complex and not necessarily THAT intuitive (although it should be...). The major difficulty is understanding how markets are (theoretically) priced according to expectations on a companies relative systematic risk. I can't say that last sentence without using "systematic risk". Sorry. OK, I'll try again - if you own a portfolio of shares that aren't diversified, then in the LONG RUN you are taking greater risk for the potential reward than if you had a diversified portfolio. Diversification is difficult - it's not easy to buy enough different shares, across enough industry sectors, without a large $$$ portfolio. For this reason, if you are looking to park some money somewhere for a medium length of time, you should look at index funds such as NZX's SmartShares: http://www.smartshares.nzx.com/ They are a type of investment funds which invests in a portfolio of shares that matches the composition of certain indexes (eg top 10) of the sharemarket. This means it WILL DEFINITELY have the same return as the relevant index (less some relatively low fees). This might not sound that great, but it requires considerable skill, effort and luck to consistently outperform the sharemarket - check up on the record of professional fund managers if you don't believe me. You should look to get some international share exposure if possible (or at very least to Australian stocks). If you still want to invest in individual companies, do your homework - focus on the quality of the earnings, the growth prospects and the management, and in all cases (ie for ANY type of sharemarket investment) you really need to have a timeframe of at least 2-3 years (preferably longer). Edited January 5, 2008 by CamB Quote Share this post Link to post Share on other sites
CamB 48 Report post Posted January 5, 2008 I'm gonna reply again coz I want to subscribe to this. Goldman Sachs JB Were is referred to at the top of this page: www.gsjbw.co.nz Also: www.abnamrocraigs.co.nz www.fnzc.co.nz www.macquarie.co.nz www.asbsecurities.co.nz Disclosure of bias - I bank with ASB (altouhg don't really like them), worked for a while for First NZ, have mates at ABN and Macquarie, and no affiliation to GSJWB. Quote Share this post Link to post Share on other sites
togate 0 Report post Posted January 13, 2008 does anyone know of an up to date international online IPO (initial public offering) database or site? Quote Share this post Link to post Share on other sites
OLLIE 26 Report post Posted January 13, 2008 does anyone know of an up to date international online IPO (initial public offering) database or site?good question .... Quote Share this post Link to post Share on other sites
ThreeOneEight 0 Report post Posted January 14, 2008 Sorry, I am a little confused with the name...is the name " JB Were Goldman Sachs"? and I am most confused with the last part...correct me if I am wrong "you either get someone who is a noob or get an uber 1337"? As someone explained, it is Goldman Sachs JB Were... I can't keep up with all these corporate merger names, they get longer and longer. And her advice was to NOT get a 'noob' or an 'uber 1337'... Her reasons being the young ones can be too pushy, and the older ones too complacent. I'm not sure how correct she is, perhaps you can't be so subjective in investing. However she is disturbingly wealthy so must be on to something. Quote Share this post Link to post Share on other sites
nz320i 0 Report post Posted July 17, 2008 (edited) IPO's www.kineticsecurities.com.au Dude, if you know for sure what your buying use www.asbsecurities.com.au $30 each way under 50k. You can then do it online from your bank account, and trade the ASX which moves more + bigger volume. Be Careful out there! www.investopedia.com, and a magazine called smart investor is good. Edited July 17, 2008 by Chris C Quote Share this post Link to post Share on other sites
