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Our family won't be buying shares

Kiwis with $1000 or more to spare are being targeted in the Government's first big power company float - with the promise of bonus shares if they hold on to them.

We just don't have thousands of dollars lying around doing nothing. We actually owe quite a bit of money on our mortgage, and it looks like we're going to have to extend it to buy a new car soon, as our 1997 Mitsubishi with 250K on the clock is on it's last wheels.

Now that I think about it however, we do have our super schemes in Australia. If the Government could think of a way of transferring some of our super money over from Aussie, we might actually think about using that to buy shares. Or pay off some of the mortgage - it would be a difficult choice.

Related link: $1000 to buy a share of NZ