Bouncerdog
10-10-2007, 11:07 PM
The only dumb question is the one you don't ask, right?
Well I've got plenty of questions and some of them are going to be dumb - and probably already answered on this forum. So bear with me and redirect me if required. I've been looking over this site recently and there is obviously a heap of skill and knowledge out there.
My wife and I have recently given up the day jobs and cashed in the investment properties and now need to get some growth out of a chunk of our cash - with another chunk sitting safely in raboplus at 8.6%.
Diversification is a key word so I've been considering using ETFs. And I've been looking beyond our little pool downunder and considering the wealth of ETFs listed in the USA on the AMEX.
The NZD is still reasonably strong against the USD so there seems to be some logic in buying well diversified global growth stocks through the US market.
I'm thinking of the set and (almost) forget style of investing rather than regular trading - because I'm not organised enough...
And so to the questions...
Is this concept fundamentally sound or have I totally overlooked something?
What are the tax implications for this?
How difficult is it to trade (eg. National Bank online share trading doesn't give access to these ETFs)?
Is there a NZ broker that specialises in this sort of stuff? And how do I keep my costs down?
Any thoughts, anyone??
Well I've got plenty of questions and some of them are going to be dumb - and probably already answered on this forum. So bear with me and redirect me if required. I've been looking over this site recently and there is obviously a heap of skill and knowledge out there.
My wife and I have recently given up the day jobs and cashed in the investment properties and now need to get some growth out of a chunk of our cash - with another chunk sitting safely in raboplus at 8.6%.
Diversification is a key word so I've been considering using ETFs. And I've been looking beyond our little pool downunder and considering the wealth of ETFs listed in the USA on the AMEX.
The NZD is still reasonably strong against the USD so there seems to be some logic in buying well diversified global growth stocks through the US market.
I'm thinking of the set and (almost) forget style of investing rather than regular trading - because I'm not organised enough...
And so to the questions...
Is this concept fundamentally sound or have I totally overlooked something?
What are the tax implications for this?
How difficult is it to trade (eg. National Bank online share trading doesn't give access to these ETFs)?
Is there a NZ broker that specialises in this sort of stuff? And how do I keep my costs down?
Any thoughts, anyone??