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"Sharetrader Back Office has a thread re trying to open up an Aus trading account. As of this moment a kiwi cannot open an Aus trading account; rules have changed.
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El Toro~
I opened a e-trade one today, luckily I still have an ANZ australia account, which made things very easy
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Member
Originally Posted by huxley
Hey I know this is a delayed response but any how - What amount of funds would you consider the minimal amount to justify this approach? I ended up sticking with Superlife in the end and will continue to drip feed but would like to look at Vanguard ETF options more closely eventually.
Cheers
I don't think there needs to be a minimal amount - I started small and grew as finances allowed. There are things to consider, like taxes, foreign exchange, etc, but all in all I find it a good and economical approach.
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Member
Originally Posted by newtrader
Hi JonathanGiles
Is it easier to open up an E*Trade brokerage account from New Zealand compared to others such as ComSec? I'm thinking about investing in Vanguard ETFs on the ASX and was wondering if this approach is cheaper than going through ASB/ANZ Securities. What's a cost effective method of exchanging NZD to AUD and transferring it an E*Trade account?
I'm sorry but I can't help - my E*Trade account is with their Hong Kong subsidiary, not the Australian one.
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Well we can now get 9 Vanguard ETF's baked in a PIE on the NZX :
http://www.nzherald.co.nz/personal-f...ectid=11485120
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Originally Posted by Lizard
See more comments around fees and tax on the Smartshare thread.
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Vanguard Funds certainly interest me.
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Junior Member
Has anyone invested in these vangaurd funds through ASB online share trading?? Is that the best way to buy into them?
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Bit of an update since a couple of new providers have opened up shop recently:
http://investnow.co.nz/award-winning-managed-funds/
http://simplicityfunds.kiwi
Haven't had a chance to look at the details, but fees look attractive for passive vehicles.
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Member
Originally Posted by huxley
Investnow looks interesting. Similar to the RaboDirect managed funds, except they have a couple of cheap Vanguard funds. Not sure I want to use a company that just suddenly popped up through
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