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Thread ID: 49036 2004-09-08 13:00:00 OT: Good clean fun of the dirty kind, incl THINK PIG rugila (214) Press F1
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270436 2004-09-08 13:00:00 Just had a long day building a post and wire fence over some tough but beautiful bush country. All good clean dirty fun.

Thought I'd add the following snippet to human wisdom to round the day off. We have to make our money somehow.

All I want is a reliable online broker without ripoff fees.

Seems the main 3 NZ candidates were Access (which I used) ASB Securities and Direct Broking.

ASB Securities seems to have the lowest brokerage, and is seemingly backed up by a large and reputable bank. Seems hard to go wrong there.

Direct Broking seems backed up (is it?) by Dorchester. DPC is in many ways an OK company but could it withstand a similar situation that Access ran into?

I note Dorchester has on its board one Bill Birch, the same Bill Birch as was largely responsible for the SINK BIG energy fiasco of the 70's and 80's, and later for the THINK PIG fiasco of the police computer system financial snafu. These and sundry other foulups and jackups were really pretty expensive to a lot of us. Do I want the same mental attitude carried over from govt to private? Particularly where my own personal funds are involved. Not for me thanks!

I need to use an online broker where I am reasonably sure that my trades and money are safe, and where the fees are fair and reasonable.

As of now, is there any real choice??
rugila (214)
270437 2004-09-08 13:08:00 natonal bank can do share trading with the internet banking part of there system. robsonde (120)
270438 2004-09-08 15:44:00 > Just had a long day building a post and wire fence
> over some tough but beautiful bush country. All good
> clean dirty fun.
Can something be "Clean and Dirty" at the same time?

> All I want is a reliable online broker without
> ripoff fees.
>
> Seems the main 3 NZ candidates were Access (which I
> used) ASB Securities and Direct Broking.

ASB Securities, isn't that the company that was in the news the other day? In trouble of some kind? Vince
Vince (406)
270439 2004-09-08 17:40:00 Yep, they been out buying lemons.

Something to do with under writing buy outs that fell over, barbacues featured in there somewere. artice buy Xtra stock reporter as I recall.
drb1 (4492)
270440 2004-09-08 21:33:00 Hi Rugila,

Speaking of questionable investments by ASB Securities, they also bought up big time into Kachingo! - or should that be called KaBlooie! (one of the last big spending NZ dot bombs - interesting story there).

I used to play cricket with the (Brent?) King guy that runs DPC - if his business skills and acumen are anything like his (lack of professional) attitude on the cricket pitch, then I shall give Direct Broking a wide berth.

I'm in the same boat Rugila and shall watch this thread with interest. I missed being caught by the Access snafu by about 3 weeks on my single largest trade ever - **** I was very very lucky there.

I might look into the National Bank (www.nbnz.co.nz) share trading offering.

Cheers, Andrew
andrew93 (249)
270441 2004-09-08 21:40:00 I'm not sure if my previous link is working, if not, try this (shares.nationalbank.co.nz) andrew93 (249)
270442 2004-09-08 21:47:00 > natonal bank can do share trading with the internet
> banking part of there system.

I've noticed that - has anyone used it? How did you find it? Reasonable fees?

S
Spartacus (3313)
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