Incentives, High Fees and Complicated Tax Laws
[QUOTE=permutation;614486]be in the dark ages about the purchasing, notifying and the fee charging process.
Small investors are always encouraged to invest in the financial markets, but we are never given any reasonable incentives to do so I feel.
I agree with this.
Fees ae too high for NZX ASX and DX transactions given the huge technology economies over the last 10 years and much lower overseas transaction costs.
Another aspect I think stops small investors is the complex IRD tax legislation and calculations re FIF and IR871 NZX and ASX and over complex IRD guides and the huge volume of IRD information and the absence of plain English examples for people filing returns.