Thanks for that.
My next issue is for stocks he suggested 10 to 30 companies for diversification but they needed to be large. I tend toward companies on the NZX (imputation credits and I care more about what is happening locally) which precludes the largest companies in the world. I guess I will reread his stock selection criteria for the defensive investor and see if anything on the NZX fits the bill. Move out one to the ASX if necessary.
Bond selection is also tricky as I only know how to buy bonds on the NZDX secondary market. Term Deposits are not company bonds but current 1 or 2 year TD rates seem better than what is on the NZDX after fees. Again I need to reread the criteria for selection.
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