Forum Archive Index - October 2003

["allan russell" <allanrussell90@hotmail.com>]

I feel you are spot on with the ANZ, they also give good back up service, 
and that helps when you have questions, and dont be scared to ask if money 
is at stake.
Tax, I pay tax and am happy to pay it. If I dont Im not makeing money and Im 
sad not to be paying it.
2 stories to illistrate a point, on a personal level, I watched a family 
member recieve free emergency care in hospital one year, I would have at the 
time signed away all I owned had it been nessary to continue the care, I 
have recieved value for money for taxes.
Story 2, a friends young son, working under the table, knows it all, doesnt 
pay tax you see, so clever.
injured himself on the job, and now is off work and cant get acc, for 80% of 
earnings he "never recieved".The ird can be a little inconsistant when 
deciding if you are a trader in shares, or not, and once painted with the 
trader brush you are stuck with it.
To avoid it a trust can be formed that pays a 30% tax rate, but your future 
dealings, are seperate from the trust.
Allan.



>From: "Matt c" <isharoth@hotmail.com>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: [sharechat]
>Date: Fri, 03 Oct 2003 19:57:48 +1200
>
>Hi, I'm abit of a novice investor, not yet in my twenties.
>
>I was just wondering if we in NZ can take advantage of the current high $nz 
>dollar. (which markets are best to invest in currently etc)
>
>Also, which is the commonly accepted best online broker?
>>From the fees I saw ASB seemed the best and Direct the worst.
>
>Does anyone have an opinion on fletcher forest shares at their current 
>price of around $1.30? I brought in at $1.10
>
>Ah and approximately how often per year can you buy/sell shares before the 
>IRD recognises you as a trader rather than an investor?
>
>Help with any of my questions would be great, thanks.
>
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>
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