Black Monday

[SailorRob]

Again I don't have much time to write much, but if anyone wasn't convinced of Robs world class capital allocation ability, here's your proof. What are quite likely to be the top 18 performing kiwisaver portfolios in the entire country over the last 3-5 years (not exactly sure of the time frame), are the direct results of Robs actions.

Well lots of luck in a short timeframe like that (inceptions mid 2021 through early 2022) and having a reasonably aggressive move towards fair value as well as good underlying business performance.

But anyone with any of the managed fund products would have lost out automatically, anyone with any NZ exposure, all the index products including QQQ Nasdaq, so the only competition was others who manage 100% of it themselves AND pick individual stocks. That would be very few accounts and I'd imagine most of them were chasing tech or going super conservative bluechips. So it's not hard to believe and it came from Craigs telling that to a couple of the people who had gone 100% BRK. That said I wouldn't bet on it.

If Bull has a Craigs KiwiSaver account and manages his own then clearly mine would not be the highest.

[777]

Old enough to have spark listed as telecom ��

And PCT as APT.

[Bjauck]

I would argue that Socialism was only partly to blame.

I think the real drain on capital was more likely caused by the Greenies and little old NZ trying to save the world. The rules and regulations forced upon our major economic driver farming, mining, oil and gas, wastage of money on cycle lanes, slowing down traffic with speed limits etc. I could go on.

We can bend to the left easily enough a small bit, but to enforce regulation preventing progress and scaring away capital is the best way to make NZ poor.

Are you being serious with speed limits slowing traffic down being a drain on capital? Serious Traffic congestion may well cause economic loss but it is not the fault of speed limits.

On the open road 60-80kph is about the sweet spot for most petrol engines. Of course you need to juggle that with the risk of accidental death and serious injury and the economic loss that brings with increasing speeds. City street driving speed limits should be reduced to 40kph (which may actually mean 50kph in reality) and motorway and open road limits should go back down to 80kph max.

[Daytr]

Are you being serious with speed limits slowing traffic down being a drain on capital? Serious Traffic congestion may well cause economic loss but it is not the fault of speed limits.

On the open road 60-80kph is about the sweet spot for most petrol engines. Of course you need to juggle that with the risk of accidental death and serious injury and the economic loss that brings with increasing speeds. City street driving speed limits should be reduced to 40kph (which may actually mean 50kph in reality) and motorway and open road limits should go back down to 80kph max.

I think it depends if you have decent roads which in a lot of cases in NZ it doesn't.
In Australia the big highways are 110km and it actually feels like you are driving around 80kms due to the quality of the road.

With all the trucks on the road, it's pretty hard to get a decent run anywhere, let alone the damage they do to the road which we all subsidize.

[Bobdn]

https://youtu.be/aSbcIsPlPNY?si=taFasjFD8iokuGZM

Blackrock guy gives the New Zealand share market a shout out at the 30 second mark!

[bull....]

Well lots of luck in a short timeframe like that (inceptions mid 2021 through early 2022) and having a reasonably aggressive move towards fair value as well as good underlying business performance.

But anyone with any of the managed fund products would have lost out automatically, anyone with any NZ exposure, all the index products including QQQ Nasdaq, so the only competition was others who manage 100% of it themselves AND pick individual stocks. That would be very few accounts and I'd imagine most of them were chasing tech or going super conservative bluechips. So it's not hard to believe and it came from Craigs telling that to a couple of the people who had gone 100% BRK. That said I wouldn't bet on it.

If Bull has a Craigs KiwiSaver account and manages his own then clearly mine would not be the highest.

your kiwisaver would be hard to beat.
i could never beat it as i really dont have one.
my wife gives me 100 a mth to put in one just to get govt contribution as i technically dont earn any money or have a job.

[Bobdn]

I'm like to you Bull, don't earn anything now so just put in the minimum to get the govt contribution.

My KiwiSaver return over the last five years is just over 11 per cent per annum after fees and taxes.

It doubles in value every 6.5 years pretty consistently now.

Forget that **** though. Boring.

What about Rick Reeder giving our market a shoutout!

https://youtu.be/aSbcIsPlPNY?si=4NpJerJqEnGrlrLx

[ValueNZ]

Researching Kiwisaver funds is making me really quite mad. Why in a "free" country do I not have the ability to allocate my own capital on my own terms. I don't want any of these sh1tty funds (and they are all sh1t, but if anyone thinks their fund is the exception let me know). Even with Craig's, they limit where you can put your money to a handful of their "researched" companies and funds (and charge an outrageous management fee for the privilege).

[Bjauck]

I think it depends if you have decent roads which in a lot of cases in NZ it doesn't.
In Australia the big highways are 110km and it actually feels like you are driving around 80kms due to the quality of the road.

With all the trucks on the road, it's pretty hard to get a decent run anywhere, let alone the damage they do to the road which we all subsidize.

Around 70kph constant travel is the most efficient. As you say, the quality of NZ open highways probably reduces the ability to maintain constant speed for long, so the optimal efficient speed is usually lower. Lower speeds are also preferable with respect to serious economic consequences from accidents.

Lower speed limits would reduce the amount of braking and slowing, leading to a smoother travel and reducing congestion build up at junctions.

[thegreatestben]

ValueNZ, I agree with you. To the point that I don't and haven't contributed to my kiwisaver for about 6 or 7 years now, I put that money to work elsewhere and I was earning a lot less so no big deal. I've made a few plays now and for me I sort of think it could be worth going back to minimum contribution to get the employer to contribute (I've asked various employers to just pay me their contribution to me, always a no). I don't have high hopes for kiwisaver or super in the long term but could be a cheap insurance policy, I do want to see investment into NZ and I think Simplicity are onto something with their build to rent endeavours so I'll probably stick with Simplicity High Growth for mine and save the brain power for bigger problems in life.

I appreciate you have a longer runway ahead of you, mid 30s for me. I'm pretty confident you'll have more than enough in no time.