It costs you less when you have sufficient funds in your trading account. I have never really done a comparison between the two ASB and DB. But I think ASB charges slightly higher fees. They do discount for their value customers though.
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Here is their fee structure https://www.directbroking.co.nz/Dire...rates.aspx#Fm1
Many thanks for the detail. Every penny helps.
Hope I don't put a jinx on sp. Two days in a row green and hopefully third today. Is this the start of new uptrend;).
I almost did the "thing" today where you sell in the morning when the NZ market shoots up, and then buy back in when it plummets when the Aussie market opens. Wouldn't have gotten away with it today, as the pattern didn't hold. A good reminder to stop timing the market (although it was fun and profitable a couple of times) and just accept this works just fine as a long term play on the way to the mid twenties in the next couple of years.
https://www.shortman.com.au/stock?q=a2m
Shorters doing their usual?
Sold low, and now buying high?
ASX 50 rebalance happens after asx closing today - A2M might be notified they are joining the club for the end of September. Will be checking news after ASX closes.
This is actually what she said from that article...
"A2 Milk chief executive Jayne Hrdlicka has warned analysts to be more cautious about their forecasts as the booming company “changes gears” to focus on investing for the future and putting in place the infrastructure required of an ASX top 50 company."
Do people hold their shares on the nzx or asx?
Thought I would try and make a little spending money by trading some a2m, what I didn't realise was that the asb fx spread was like 3c so a lot of my profit was sucked up by this and brokerage. Noob :(
Interesting week next week with possible CEO share sale, and SML results due.
TA looking healthy with a couple of gaps to be filled......
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