Back in the market after ten years I have a question

[brettdale]

I'm with ASB securities, about to top up my account from westpac. Cant remember if I list ASB securities as New Zealand or Australia.

Im in New Zealand

[Valuegrowth]

I also have an account with them. It should be ASB securities NZ. https://www.asb.co.nz/asb-securities

Currently I have only an exchange-traded fund (ETF) in that account listed in ASX and planning to sell it by the end of the current year and replace it with one of the promising stocks on my radar. Good luck!

[ValueNZ]

Valuegrowth is an AI bot, do not listen to any advice they have.

[troyvdh]

brett..with respect do not seek financial advice on social media.

[nztx]

lots of interesting Values in this thread :)

[Snoopy]

I'm with ASB securities, about to top up my account from westpac. Cant remember if I list ASB securities as New Zealand or Australia.

I'm in New Zealand


With respect Brett, you might have to reframe your question with a bit more context. ASB Securities is simply a brokerage firm. They can buy shares for you from all over the world, including Australia and New Zealand. What does 'listing' ASB securities even mean?

SNOOPY

[peat]

it refers to topping up his account Snoopy. choosing the correct bank account ...

[Rawz]

I still don’t understand the question lol?

You just put the money in your cash management account.

What’s this list Aus or NZ thing?

[Valuegrowth]

Dear Brett I also have a question. Why didn’t you invest during last 10 years. Intelligent investors who invested 10 years back are the biggest winners in the market. Similarly, smart traders also made capital gains by following seasonal trends, cyclical industries and special situation and so on.

https://tradingeconomics.com/united-states/stock-market

As markets are hitting all time high again and again and stocks are trading in the highest point of their charts, I’m currently studying the market trend. As I said currently, I don’t have any overvalued stocks in my portfolio and I’m into financially sound overlooked areas and badly beating down stocks with promising outlook.

https://www.psychologytoday.com/nz/blog/stretching-theory/202306/why-you-shouldnt-follow-the-crowd

“Financial crashes: Imitating the crowd can have serious economic consequences. Rash panic (https://www.psychologytoday.com/nz/basics/anxiety) buying or selling of stocks in an attempt to copy the choices of other investors, for example can lead to investment bubbles and crashes of the stock market. This was evidenced by the dotcom bubble of the late 1990s, which saw a rapidly rising overinvestment in internet companies. Most companies failed to turn the expected profit and cost investors billions of dollars.”

inkedin.com/pulse/do-take-advice-from-social-media-financial-experts-heres-why-16u5e#:~:text=Taking%20Advice%20From%20Social%20Me dia,opposite%20of%20whatever%20they%20recommend.

Taking Advice from Social Media Financial Experts Is a Great Way to Lose a Ton of Money, According to a New Analysis of 29,000 Finfluencers.

https://fingerprintfinancialplanning.co.uk/3-reasons-why-you-shouldnt-take-financial-advice-from-social-media/

3 reasons why you shouldn’t take financial advice from social media