View Full Version : Direct broking is down
whatsup
09-11-2018, 12:30 PM
amazing how dependent we have become to our computers and when the connection is broken we are lost.
percy
09-11-2018, 12:31 PM
amazing how dependent we have become to our computers and when the connection is broken we are lost.
And I thought it was only happening to me.!.
Might be just as well as I was looking to buy more of an Aussie miner.!...lol.
.
Are they on the same platform as ANZ Securities because they down too.
bucko
09-11-2018, 12:38 PM
What will $2b in profits get you? :)
minimoke
09-11-2018, 12:38 PM
Are they on the same platform as ANZ Securities because they down too.
Yup my account is down. How am I going to process all those SELL orders which are going to return me squillions. I smell a compo claim.
We could call the broker to execute our orders but then who wants to talk to real people anymore right?
Yup my account is down. How am I going to process all those SELL orders which are going to return me squillions. I smell a compo claim.
Good luck with that...have you read the small print....oh...no, can't even access that.
Did we ever hear what caused the NZX outage a couple of months ago ?
ados_nz
09-11-2018, 12:45 PM
Yup my account is down. How am I going to process all those SELL orders which are going to return me squillions. I smell a compo claim.
Absolutely.... Without doubt I was planning on buying at the bottom and selling at the top for every stock today so i'll look forward to my cheque in the post :p
see weed
09-11-2018, 12:52 PM
What will $2b in profits get you? :)
A kick up the monkeys a...... I'm with ASB at .2%:cool:.
couta1
09-11-2018, 01:19 PM
Their WiFi is down, they need a 4G backup system.
Beagle
09-11-2018, 01:20 PM
This is a really shocking situation. I am faced with the terrible prospect of having nothing better to do this afternoon than some real work. Having to do this on a Friday afternoon could give me PTSD :lol:
kiwico
09-11-2018, 01:21 PM
A kick up the monkeys a...... I'm with ASB at .2%:cool:.
You must be a favourite son or something, I have to pay 0.3% with ASB.
silverblizzard888
09-11-2018, 01:23 PM
Its back up now
couta1
09-11-2018, 01:24 PM
We are back in action:t_up: I was feeling like a drug addict suffering withdrawal symptoms .
whatsup
09-11-2018, 01:27 PM
We are back in action:t_up: I was feeling like a drug addict suffering withdrawal symptoms .
what sort of drug, might I ask ?
couta1
09-11-2018, 01:29 PM
what sort of drug, might I ask ? Running(When I was able to)
see weed
09-11-2018, 01:31 PM
You must be a favourite son or something, I have to pay 0.3% with ASB.
I asked ASB 2 years ago for .2%, after 2 weeks they said yes, as long as you keep up with lots of trading.
whatsup
09-11-2018, 01:33 PM
I asked ASB 2 years ago for .2%, after 2 weeks they said yes, as long as you keep up with lots of trading.
how many trades per day is lots ?
Onion
09-11-2018, 01:35 PM
what sort of drug, might I ask ?
Couta is addicted to XXXXstacy.
see weed
09-11-2018, 01:37 PM
how many trades per day is lots ?
My brokerage last year was $25,000...about $500/week, but it is all tax deductible. You would probably get away with $100 to $200 a week or less, just got to ask.
oldtech
09-11-2018, 01:37 PM
We could call the broker to execute our orders but then who wants to talk to real people anymore right?
I had to call ASB a month ago - my wife and I have a sharetrading account with them under a joint CSN, but I needed to sell some shares that were under a different CSN. Very helpful.
Onion
09-11-2018, 01:55 PM
I had to call ASB a month ago - my wife and I have a sharetrading account with them under a joint CSN, but I needed to sell some shares that were under a different CSN. Very helpful.
If you aren't in a rush you can also do off-market transfers between CSNs -- at no cost. I've used them where I have a trading account but my joint holdings do not.
whatsup
09-11-2018, 02:04 PM
My brokerage last year was $25,000...about $500/week, but it is all tax deductible.
impressive
couta1
09-11-2018, 02:08 PM
My brokerage last year was $25,000...about $500/week, but it is all tax deductible. You would probably get away with $100 to $200 a week or less, just got to ask. Even .2% is expensive in comparison to Aussie, anyone doing a reasonable volume over there can get .05-.08% plus free trades once you hit so many per month, we need more competition here in the no frills market.
oldtech
09-11-2018, 02:10 PM
If you aren't in a rush you can also do off-market transfers between CSNs -- at no cost. I've used them where I have a trading account but my joint holdings do not.
Yes, I have done that a few times also.
kiwico
11-11-2018, 11:34 AM
Even .2% is expensive in comparison to Aussie, anyone doing a reasonable volume over there can get .05-.08% plus free trades once you hit so many per month, we need more competition here in the no frills market.
With the likes of Interactive Brokers for US companies a typical charge is only US$1 per trade.
Personally I think .2% is fine as I can remember when it was 2.5% reducing to 1.5% at some value.
However it should be capped at some level.
If a CGT appears in the future then I think a lot of us investors would trade a lot more than we do now. That might be the time for brokerage to reduce.
couta1
11-11-2018, 05:27 PM
With the likes of Interactive Brokers for US companies a typical charge is only US$1 per trade. Yep and more competition would do wonders here also although not $1 per trade level of wonders.
couta1
11-11-2018, 05:29 PM
Personally I think .2% is fine as I can remember when it was 2.5% reducing to 1.5% at some value.
However it should be capped at some level.
If a CGT appears in the future then I think a lot of us investors would trade a lot more than we do now. That might be the time for brokerage to reduce. Possibly but if CGT is set at say a sensible 15% level then it's still less than half of what traders pay on the top marginal tax rate.
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