-
Junior Member
Shares in your daughters name??
Hi,
Just a few questions, if you may be so kind as to answer if you can....
I've been pulling $20 a week since about six months before she was born, into a bank account for her, though with the poor interest rates, starting to think about the market,,....I was thinking something boring and steady,...like property??
Firstly am I able to buy shares in my daughters name?? (6 yr old)...and secondly....
what would be a good investment for a long term,responsible divvie, (maybe even a share in lieu of cash deal) so apart from property, is there any others??
Cheers
-
Originally Posted by alliswell
Hi,
Just a few questions, if you may be so kind as to answer if you can....
I've been pulling $20 a week since about six months before she was born, into a bank account for her, though with the poor interest rates, starting to think about the market,,....I was thinking something boring and steady,...like property??
Firstly am I able to buy shares in my daughters name?? (6 yr old)...and secondly....
what would be a good investment for a long term,responsible divvie, (maybe even a share in lieu of cash deal) so apart from property, is there any others??
Cheers
http://www.dividendyield.co.nz/hightolowdividend.php
Look for companies with DRP if you don't want to deal with cash dividends..
Or look at a managed fund (Index or active) or an REIT..
Just ideas!
-
Member
Originally Posted by huxley
What the benefit of DRP as opposed to cash dividend other that not having cash not working or having to decide in what to reinvest in? Are there tax benefit of DRP over a cash divie?
-
Member
Originally Posted by Absolute144
What the benefit of DRP as opposed to cash dividend other that not having cash not working or having to decide in what to reinvest in? Are there tax benefit of DRP over a cash divie?
Answered your own question in that not having to manage what to do with the cash receipts / reinvest etc. No tax benefit to DRP.
-
Originally Posted by unhuman
Answered your own question in that not having to manage what to do with the cash receipts / reinvest etc. No tax benefit to DRP.
No tax benefit although you do get to increase your holding without paying brokerage plus you dollar cost average into the investment..
HTH
Last edited by huxley; 11-10-2016 at 08:01 PM.
-
Ps.. should this be in newbie or investment strategy threads?
-
Well of course I would have to recommend Heartland Bank (HBL)
(Great dividend, great DRP)
Disclosure: Heartland is my largest investment
-
-
Member
Would reccomend that you look into a smartshares ETF(s) http://smartshares.co.nz/ on the basis that you can invest as a little as 50.00 per month which would suit your current 20.00 per week.
-
Originally Posted by unhuman
Would reccomend that you look into a smartshares ETF(s) http://smartshares.co.nz/ on the basis that you can invest as a little as 50.00 per month which would suit your current 20.00 per week.
I think that's ideal.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks