Quote Originally Posted by onlinesid View Post
Hi all,

I want to buy US shares from NZ. What is the best way to do this? I have securities account with ASB, but it seems to only allow me to buy NZ shares. Any suggestion is appreciated in advanced. Thanks.
I used ASB many years ago, had to phone and tell them what I wanted to buy or sell, had a foreign currency account with them to save from exchange rate spreads on each transaction.

You need to use limit prices though, the Dow moved 300points in 20 minutes the other day. I have used Etrade for a while now, but I do trade a bit.
A NZ bank should be fine for long term buy and holds. Trade fees are high, I only pay $7.99US a trade with Etrade, no matter what amount the trade is worth.
Cheers