Jarden v Direct Broking

[Minimoke]

Trying to be open minded I thought I would have another look to see what had changed. So I logged on using my email and password and get this. I've no idea where to find this secret number - it hasn't turned up in my email box.

You cannot view this attachment.

[Left Field]

Same,  so I opted for the "try another method' option.....

(However, I'm not sure I should be helping you access the 'new' site.... it might be better to delay the inevitable.)

If all that fails  this option below is always good.You cannot view this attachment.

[Minimoke]

Same,  so I opted for the "try another method' option.....

(However, I'm not sure I should be helping you access the 'new' site.... it might be better to delay the inevitable.)

If all that fails  this option below is always good.You cannot view this attachment.

I tried that. Its a bit of a faff as I have Autenticator. But I have to log into my phone and then log into Authenticator. And jarden isn't there. I can't really be bothered.

[BlackPeter]

...
Who are my alternatives for NZX, NZDX, and Unlisted DIY trading - apart from ASB?

Good question - I would like to know that as well.

I know ASB, and while it is different, the user interface is terrible - and it is more expensive.

There seems to be some sort of competition to provide the lousiest user experience going on.

I recon sharesies might be an option for some (depending on how long they (sharesies) survive.

Are there any other discount broking options others can recommend?

[BlackPeter]

Trying to be open minded I thought I would have another look to see what had changed. So I logged on using my email and password and get this. I've no idea where to find this secret number - it hasn't turned up in my email box.

You cannot view this attachment.

Ah - you first need to download and install an authenticator App ...

[KW]

Yeah right.....we all should leave NZ. Lock the doors. Turn off the lights. Future is Bright in Aussie.

No thanks.

You don't need to physically leave NZ to trade the ASX.  Share trading is not restricted to the country you reside in.  You can trade any stock market in the world from NZ.

Interactive Brokers allows you to trade on 75 global stock markets from NZ.  However, the NZX is not one of them.  Perhaps you should ponder why that is?

[BlackPeter]

You don't need to physically leave NZ to trade the ASX.  Share trading is not restricted to the country you reside in.  You can trade any stock market in the world from NZ.

Well, yes - though increased money laundering and tax legislation in various countries makes it more and more inconvenient to open and operate accounts overseas.

And even for trading on the ASX (which is still nearly a home play) you need to become a specialist on the NZ FIF rules ... as well as being happy to forfeit a lot of tax advantages Australians in Australia would get (franking credits).

So, yes in principle you can ... but it is related with a lot of additional pain and both more complex NZ taxation as well as frequently additional foreign tax obligations. Not everybody's cup of tea.

[KW]

Well, yes - though increased money laundering and tax legislation in various countries makes it more and more inconvenient to open and operate accounts overseas.

And even for trading on the ASX (which is still nearly a home play) you need to become a specialist on the NZ FIF rules ... as well as being happy to forfeit a lot of tax advantages Australians in Australia would get (franking credits).

So, yes in principle you can ... but it is related with a lot of additional pain and both more complex NZ taxation as well as frequently additional foreign tax obligations. Not everybody's cup of tea.

You dont open an overseas account, you open an Interactive Brokers account in NZ.  They provide forex trading as well, so you just convert your funds to whatever currency you want to settle in once its in the IB cash account (or they do it for you if you buy international shares). 

Yes, you will need to pay FIF on international shares, but not the vast majority of ASX ones (its fairly easy to check, the IRD has it online now).  The rules changed a few  years ago as well, instead of being just ASX shares in the All Ords, its now all complying ASX listed shares (basically excludes overseas registered companies and stapled trusts). 

Tax time is pretty simple.  I just give everything to an accountant   

But what do you have to invest in in NZ?  A few retirement villages, power companies, and a couple of retailers.  All the good companies delist from the NZX, either because they are bought out or because they decamp to the ASX.  You just get left with the dregs. 

Everyone wonders why NZers are obsesssed with property investment.  Part of the reason is that they are not encouraged to invest in world markets.  Which means they have lost out on massive wealth gains.  Here's a comparison chart of the NZX50 and the Nasdaq100. You cannot view this attachment.

[entrep]

I think the new site is great. What are the specific issues with it? Hopefully they come out with a mobile app shortly too.

[Henry Filth]

I think the new site is great. What are the specific issues with it? Hopefully they come out with a mobile app shortly too.

My current specific issue is that if I open "Watchlists", and then select something else - Wallet, Portfolio, whatever, I am unable to view my Watchlists.

I am presented with the list of Watchlists, the last one I viewed is underlined as the current watchlist, but the watchlist is not displayed.

This is followed by a message from my browser "This page is slowing down Firefox. To speed up your browser, stop this page"

This is sporadically followed by another message

"<iframe src="https://www.googletagmanager.com/ns.html?id=GTM-WNF2DZ2&gtm_auth=&gtm_preview=&gtm_cookies_win=x" height="0" width="0" style="display:none;visibility:hidden" id="tag-manager"></iframe>You need to enable JavaScript to run this app. "

Sigh. . .

[Waltzing]

The transaction files are so badly designed you could bring a court case and FMA action.

Its truely shocking how negligent this system platform is...

perhaps that is NZ transaction processing INC.

One solution would be for certificate access at a full data feed and REST API doing away with need for the web site for more advanced users.

There server wont be set up to handle data feeds live as there site will be hocked up to the NZX product feed.

 We have software ready to accept this type of data via OAUTH and a full runtime dynamic universial factory level late binding scripting engine.

[Breezy]

I think the new site is great. What are the specific issues with it? Hopefully they come out with a mobile app shortly too.

What are the specific issues with it? How long have you got? You must have very low expectations or have a high tolerance for the substandard.

[BlackPeter]

...

But what do you have to invest in in NZ?  A few retirement villages, power companies, and a couple of retailers.  All the good companies delist from the NZX, either because they are bought out or because they decamp to the ASX.  You just get left with the dregs. 

...

Well, I can sort of live with dregs like MFT and FPH and if you want more excitement - e.g. the building sector offering as well some trading (and earning) opportunities ; Just checking - HGH did quite well for me long term as well and then - you forgot the complete agricultural sector. Most of them are currently in the lower parts of the cycle (hint!). And obviously - why would anybody invest e.g. in Skellerup? Just good business, so I understand you don't talk about them. You forgot as well Tourism as well as the (admittedly somewhat limited) technology sector.

But yes - if high risk full on trading is what you are after, the NZX offers only limited options, I agree with that.

For investors I think it is as good as any other place (maybe excluding the Super growers and droppers in the US, but again - not everybody's cup of tea). 

I prefer to get rich slowly ... gives me a better nights sleep ;

[Henry Filth]

<snip>

But what do you have to invest in in NZ?  A few retirement villages, power companies, and a couple of retailers.  All the good companies delist from the NZX, either because they are bought out or because they decamp to the ASX.  You just get left with the dregs. 


<snip>

I live in New Zealand, and New Zealand has a whole bunch of companies which pay me relatively good dividends in New Zealand dollars. And I like New Zealand dollars. . .

Mind you, I also like other currencies, so only about 2/3 of the portfolio's in New Zealand dollars, and only about 2/3 of it's invested in New Zealand.

[Waltzing]

As Henry the V says

some great places , Nelson to Golden bay and wine country, great AGR and HORT in the country ...

Still a country with great potential and now for some reason immigration is back on and the country is open for business.

Seems the new labour (change color please) Old dressed up has changed a few things in the back ground without much fan fare.

But sorry thats for another thread...