Like some say. " Stats hide more then they reveal " ...lol
At least the forex market agrees with u that GDP data is weak and its not increasing NZ rate outlook ahead
Printable View
[QUOTE=bull....;975148]
My apologies Bull, you have destroyed my arguments.
So lets do this bet and get some money to a charity of your choice.
I said 5 figures, let's make it $50,000 and you can choose the charity or even keep it yourself. Super easy to get your performance audited, I will also pay for that if it is as you say it is.
What reason could you possibly have for not taking me up on this? After all, you are not a coward, nor are you full of Bull.
I don't own any index funds, though it could prove over time that I was better off doing so, only time will tell. I have around 20% of my entire net worth in Occidental Petroleum warrants and so it has been one hell of a year for me so far and measured NZD even better. Things can change fast...
No chance this is luck Horse. A 9 month track record of nailing it is something to be reckoned with, it takes this long for a Woman to make a baby after all.
If you publish this record you would be able to attract large sums of capital and get a nice fund up and running.
Other good time periods to judge ones record over are 15, 20 and 25 years.
Index rebalancing is here ...It will throw up lots of surprises and surely huge volumes
Already WHS is under its influence with results round the corner adding to excitement
IFT / GNE are of interest to me
I am assuming the shares which have done well in last quarter should get higher weightage due to market cap increasing thus funds need to top up !!!
I know most of that is already sorted behind the scenes but it needs to be played out on NZX ...lets c ...its going to be an exciting day just watching
Heads up folks.
Quadruple witching tomorrow. Could make for a volatile session.
'Index rebalancing' occurs when a share is taken in or out of an index. But if a share is:
a/ Already in an index,
b/ Does well AND
c/ The share price goes up as a result ,
THEN any existing shareholding within an index fund goes up by the same percentage as the share price rises. So any index re-balancing is automatic, and has already happened. No buying and selling is needed to keep an index fund in balance at the end of the quarter, not a single transaction! (bar change in the index composition that I alluded to earlier.)
Of course if you are an 'active fund' 'chasing the winners', and you are given a funds inflow at the end of the month/quarter, then you may indeed be chasing some share prices higher. But if any share prices re-rate at the end of the month, then it will be the active funds doing that - not the passive funds.
SNOOPY