DeepBlue
01-04-2015, 06:02 PM
Hey there fellow investor,
I'm pretty new to the investing game, which you'll discover shortly. I'm wanting to put some money into the VAS ETF, but just have a couple of queries regarding that.
Currently I just have an ASB securities account, and so my thought was that I could buy the ETS using that. But then I thought, "is this the ideal setup?", since I'm dealing with a share on the ASX. That may mean things like 1)currency risk (VAS is AUD i think... and im using NZD) and 2)taxation issues could creep in... and I'm not clear on what the implications of those two things would be, if I go ahead.
So my question is, what is the ideal setup for what I'm wanting to do? I.e. should I go as far as opening an Australian bank account or something? If I earned dividends , I'd just want them to be reinvested.. not interested in anything coming to my bank account.
Any input for my confused self would be much appreciated.
I'm pretty new to the investing game, which you'll discover shortly. I'm wanting to put some money into the VAS ETF, but just have a couple of queries regarding that.
Currently I just have an ASB securities account, and so my thought was that I could buy the ETS using that. But then I thought, "is this the ideal setup?", since I'm dealing with a share on the ASX. That may mean things like 1)currency risk (VAS is AUD i think... and im using NZD) and 2)taxation issues could creep in... and I'm not clear on what the implications of those two things would be, if I go ahead.
So my question is, what is the ideal setup for what I'm wanting to do? I.e. should I go as far as opening an Australian bank account or something? If I earned dividends , I'd just want them to be reinvested.. not interested in anything coming to my bank account.
Any input for my confused self would be much appreciated.