Just for fun

[justakiwi]

Thanks for the explanations people. So, next question ... is the USX really only recommended for experienced investors/traders, or is it suitable for beginner investors/traders? I did read the disclosure info so am aware they are not bound by the same regulations as the NZX, but are there any hidden “dangers” or things one would need to be wary of? Less liquidity maybe?

The fees are much cheaper and reporting requirements loser.
Most are listed so as shareholders have a market to trade their shares.
Rangatira,Rural Equities,and Skyline are excellent companies.
Zespri can only be traded by Kiwi Fruit growers.
Syft I have a modest holding but could be classified as a spec.
Bluesky are making the right noises ,but I will never invest in them or Silver Fern Farms as I do not like the meat processing sector.Been a great destroyer of wealth.

[percy]

Thanks for the explanations people. So, next question ... is the USX really only recommended for experienced investors/traders, or is it suitable for beginner investors/traders? I did read the disclosure info so am aware they are not bound by the same regulations as the NZX, but are there any hidden “dangers” or things one would need to be wary of? Less liquidity maybe?

Liquidity is a very real issue,,...[but has not been for PAZ over the past year.]
I guess it requires you to really do your own research, as brokers do not cover USX.
Not all brokers trade USX stocks.
I trade with Craigs,and I note people who deal with Direct Broking have to sign a waver, and then place buy/sell orders by phone.
Most probably fair to say beginners should avoid it.
You may note I have never sold a PAZ share.

[justakiwi]

Thanks! Really interesting info ....

So what would the rest of you buy with your free $10,000?

Liquidity is a very real issue,,...[but has not been for PAZ over the past year.]
I guess it requires you to really do your own research, as brokers do not cover USX.
Not all brokers trade USX stocks.
I trade with Craigs,and I note people who deal with Direct Broking have to sign a waver, and then place buy/sell orders by phone.
Most probably fair to say beginners should avoid it.
You may note I have never sold a PAZ share.

[blackcap]

Thanks! Really interesting info ....

So what would the rest of you buy with your free $10,000?

I'd be boring and put it in FNZ.

[fungus pudding]

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.

[justakiwi]

That’s a very good point. Well said!

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.