Forum Archive Index - February 2000

["hugh webber" <hugh.webber@clear.net.nz>]

Scott,
try getting connected to ACCESS Web Broker at just $29.50 per 
trade regardless of size of trade. They used to ask for a deposit of
$1,000 into their client designated BNZ A/c but they just ask for a 
deposit now I believe. They don't give advice/research but they're
probably one of the cheapest around. Sorry I can't help with the other
stuff
- I'm just a long term value investor.
Good luck,
Hugh

----------
> From: KIBOK@xtra.co.nz
> To: sharechat@sharechat.co.nz
> Subject: [sharechat] Teen investment stategy
> Date: Tuesday, 1 January 1980 1:06
> 
> Hi
> 
> I am one of the silent majority - referred to in recent postings. I've
> broken that silence to ask for some advice. I'm 18 years old and about
> to head down to Victoria Uni. I've been fascinated by the sharemarket
> for ages and have invested all my earnings from part-time jobs - I now
> hold AIA, IFT, MIDNZ, GPG and recently added CAH and finally AQL as well
> as 2 holdings in a South African Finance Company and a South African
> retailer - (Very good returns in current political environment for those
> of you who didn't know, especially with currency considerations). I
> obviously don't have piles of cash to throw around and my whole
> portfolio is worth just under $20000 (much more if AQL does it's thing
> !!!)
> 
> I have spent the recent school holidays putting together a plan that
> will get me through Uni but also provide me with about $15000 per annum
> to invest. I'm telling you all this because I want some advice.
> 
> I would really like to get into more short term positions, making a few
> more technically based purchases while maintaining and adding to my
> "value analysis" portfolio. I would also like to get some experience in
> day trading and foreign exchange futures and options. But I need to do
> all of this on a very tight budget. Can someone give me some ideas on
> how to get started - software, minimum investments, good books etc. In
> the past I've mainly used Craig & Co and a South African Brokerage firm
> both of which I now realise are not economical for my small trades and
> tend to treat me like a dumb kid - so any ideas on good brokers.
> 
> Any help you can give me would be great, I have found this forum really
> interesting and value the opinions expressed in each posting. Thanks.
> 
> Oh, and does anyone in Wellington need a part-time assistant or
> something (may even work for free to learn) - Hey it's worth a try !!!
> I'm studying Law and Electronic Commerce (info that may help you place
> me within your organisation - hahaha)
> 
> Thanks all
> Scott Riddle
> 
> 
>
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