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Spark New Zealand Limited Message Board

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  • great_stox great_stox Nov 11, 2005 8:14 PM Flag

    NZT Is A Great IRA Stock Holding

    I'm also looking into possibly buying 200-500 shares of NZT sometime next week. Have we already passed their November ex-div. date?

    Bvanvelzer, it's too bad you got out of the Russian telecoms, though... Their extensive volaility is in the past yet their valuations are still rocking the big time!

    Check out MBT or GLDN. Both companies run great businesses with lots of potential. Currently, GLDN is priced at especially attractive levels. Those companies can add both sizzle and diversification to any portfolio.

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    • If you purchase NZT within an IRA, you will not be able to deduct the NZ witholding tax from your taxes. However, this is a solid company to hold in any account, but would be better seved in a taxable account..

      • 1 Reply to lookingforyield
      • "If you purchase NZT within an IRA, you will not be able to deduct the NZ witholding tax from your taxes. However, this is a solid company to hold in any account, but would be better seved in a taxable account.."

        Agreed, qualified dividends belong in a taxable account, keep your non-qualified dividends (and bond income) in the IRA. DRP will boost your LT CG with a much more favorable tax rate than what you'll pay from your IRA. Also, current tax reform suggestions include elimination of dividend taxation...we'll see.

 
NZTCY
9.5301+0.0601(+0.63%)Jul 28 4:00 PMEDT