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That's a pretty cool investment. Impressive product line. What are the shares worth in NZ$ out of curiosity?
Originally Posted by iceman
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Zurich Kantonal Bank Palladium ETF, Switzerland, in CHF (ZPAL.SW), possibly tomorrow.
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Originally Posted by iceman
Thank you for the idea. Does the DKK/NZD exchange rate support it?
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Originally Posted by justakiwi
Thanks! Really interesting info ....
So what would the rest of you buy with your free $10,000?
It depends whether you are an investor or a trader. I am an investor and only buy things that will increase my income, (not limited to shares) and almost never sell; just keep stacking up income. So for me I would put it into Listed Property Trusts. I do not own any other shares. One advantage is they are PIES so a decent saving in tax for a start. I'm not saying it's necessarily the best way, but stacking income is easy and has worked for me over a very long period of time - mainly houses, then commercial property and now for simplicity LPTs, One more point - it shouldn't make any difference if the $10,000 was 'free', whatever that means. Probably means it was a gift, or similar. Money is money and if you think of it as 'free' you are likely to fall into the 'easy come- easy go' trap.
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That’s a very good point. Well said!
Originally Posted by fungus pudding
It depends whether you are an investor or a trader. I am an investor and only buy things that will increase my income, (not limited to shares) and almost never sell; just keep stacking up income. So for me I would put it into Listed Property Trusts. I do not own any other shares. One advantage is they are PIES so a decent saving in tax for a start. I'm not saying it's necessarily the best way, but stacking income is easy and has worked for me over a very long period of time - mainly houses, then commercial property and now for simplicity LPTs, One more point - it shouldn't make any difference if the $10,000 was 'free', whatever that means. Probably means it was a gift, or similar. Money is money and if you think of it as 'free' you are likely to fall into the 'easy come- easy go' trap.
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Ive been offered a $US cash management account paying 1%. Am considering it as a safe haven in case things get worse and our exchange drops due to our commodity exposure to china..
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Originally Posted by Joshuatree
Ive been offered a $US cash management account paying 1%. Am considering it as a safe haven in case things get worse and our exchange drops due to our commodity exposure to china..
Do you mind sharing which institution with ?
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Originally Posted by iceman
Do you mind sharing which institution with ?
I would also be interested to know which bank is paying 1% on cash USD deposits?
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