NZSX50 - Good News!

[Jaa]

I signed up for the Beta test, a week ago. Very easy signup process and they are responsive to ideas.

The pricing per share is bizarre to me but still works out much cheaper than ASB or ANZ securities. The currency currency fees and a bit cheaper but still more expensive than using a forex broker or Transfer Wise.

Also, encouraged them to expand to the ASX and NZX!

[dabsman]

I just signed up - took about 2 minutes. Interested to start putting a little money across and giving it a go. Very good user interface from my looking around

[Mickey]

I signed up too - very easy. I must admit though, I don't quite understand the mechanics of FIF and the $50K rule. I know there is a thread on here somewhere that covers it but I recall when I read it a year or so back that it didn't quite answer my question. I'll look for it again as this isn't the right thread for seeking clarification.

[bull....]

I signed up too - very easy. I must admit though, I don't quite understand the mechanics of FIF and the $50K rule. I know there is a thread on here somewhere that covers it but I recall when I read it a year or so back that it didn't quite answer my question. I'll look for it again as this isn't the right thread for seeking clarification.

under 50k is except from tax , you can do 50k you and 50k your partner and still be except

[Mickey]

under 50k is except from tax , you can do 50k you and 50k your partner and still be except

The bit that I don't quite understand Bull is this. If I bought stocks to the value of $30K, held them for most of the year and then sold half, does that equal a cost of $15K? Then - if I bought additional stocks within the same tax year for $30K - does that mean I have a total of $45K costs for that tax year - or is it the cumulative amount of $60K spent on stocks within that tax year irrespective of those sold?

[777]

$45,000 in your example. Remember that if you are exempt from the $50,000 minimus you still have to pay tax on dividends received.

[Microsloth]

Similar business model https://en.wikipedia.org/wiki/Robinhood_(company)

[Jonboyz]

I signed up too - very easy. I must admit though, I don't quite understand the mechanics of FIF and the $50K rule. I know there is a thread on here somewhere that covers it but I recall when I read it a year or so back that it didn't quite answer my question. I'll look for it again as this isn't the right thread for seeking clarification.

Good summary of FIF - https://www.hatchinvest.nz/blog/2018/9/25/tax-attack-what-you-should-know-about-your-us-amp-nz-tax-obligations

[Snow Leopard]

Hey guys:
There is a thread on Hatch in the Investment section of this forum:
https://www.sharetrader.co.nz/showth...stment-service

Better than fouling this thread with non-NZX posts

[Bobdn]

What an amazing last day of the month. Just when I thought the market couldn't get any dumber...it totally redeems itself! Yay for GNE, SPK, CNU, ANZ, AIR and SUM. My cheat day isn't until Sunday but I feel a rule change coming on...

https://www.youtube.com/watch?v=w0TfFz6J5t0