Air New Zealand is a New Zealand based airline. They started their operations under the name T.E.A.L in 1940 but changed its name to Air New Zealand in 1960. The airline operates In 32 international places and 20 domestic places. Air New Zealand listed itself in the stock exchange in 1989. Air New Zealand is known for its superior customer services, which gives the company a competitive advantage, and thus profits. Air New Zealand has been consistently performing well, according to its annual reports. Investors are always looking at Air New Zealand is a healthy investment option. To help our readers, we will list the ways by which you can buy Air New Zealand’s share.
List of ways by which you can buy Air New Zealand’s Share
List of ways by which you can buy Air New Zealand’s Share
1. Online Share Trading
This option is considered to be the easiest and cost-effective one. Online Share Trading gives investors or potential investors online tools to buy, sell, and track their portfolio. There are many online trading platforms available in New Zealand one of the most commonly used is Sharesies.
If you are new to Sharesies you can get FREE $5 in your account by signing up HERE. You can also read our full review of Sharesies HERE.
How to use Sharesies to buy Air New Zealand Shares?
a. Open your account
The first thing you would have to do is open your trading account on the Sharesies website. You will need to enter your details such as Name, Address, and Contact number. You will need to choose your plan, which means whether you’ll be paying subscription monthly or semi-annually or annually for using their services.
b. Top up your wallet
Now that you have your Sharesies account you need to add money in that account to trade shares. You can top your Sharesies account by credit card.
c. Initiate a buy order
Select the buy option then choose NSX (New Zealand stock exchange) then search Air New Zealand.
d. Enter Buying Details
Now you have to specify the quantity you want to buy and also set limits of the price which you will be willing to pay per share. After setting the price limit now you have to choose a settlement amount, on which the stock will be credited.
e. Order Confirmation
Verify the details and then confirm your order.
2. Licensed Stock Broker
If you are not comfortable with online mechanisms, or if you feel that they are not reliable enough you can always use a licensed stockbroker. These stockbrokers purchase shares on your behalf and charge a percentage of commission on price. These stockbrokers provide a wide range of services to their clients based on the contract between them and their clients. You can find a list of registered stockbrokers on the NZX website.
What to look for in a broker
a. Broker FMA Regulation
FMA regulators oversee and monitor the stockbrokers, so you have to make sure that the stockbroker you are choosing abides by FMA regulation.
b. Brokerage costs and Commissions
These are the costs associated with using brokers to purchase stock. If you have just started investing in the stock exchange, choose the one with lowers costs and commissions.
c. Other services
Brokers offer a wide variety of services such as reporting daily, weekly, monthly, and yearly. They also guide you regarding other investment and trading options.
d. Reviews and Reputations
Choose the broker which belong to a known brokerage house, has a good clientele and take reviews of brokers with online and from other investors.
3. Open your account in NZX
This is the most complicated option out of the lot. In this option you will need to open your account in NZX by filling in all the details and abiding by all the regulations. This is also the most time consuming and complex one.
Final Words
Investing in Air New Zealand is a good option, as they consistently perform well. Amidst COVID-19 companies have taken a serious hit, their share prices have gone way below, whereas Air New Zealand are still in a decent position. We would recommend using online share trading option such as Sharesies as it is more convenient, easy and you can easily monitor what is happening in your account. Also their subscriptions turn out to be cheaper than commissions to brokerage houses.
If you would like to get FREE $5 on Sharesies check it out by clicking HERE.