Originally Posted by
Beagle
You make a good point. The whole sector is under really serious pressure and the chart looks atrocious for them all and with a rapidly falling real estate market it does beg the question of how much one really wants invested in this sector ?
Let's also not forget for one minute that we have the "wonderful pleasure" of waiting until this "fabulous" socialist government release their final report and recommended changes to the retirement sector later this year sometime. I shudder to think how else they might engage in restorative justice for the masses or are going to try and socialize the cost of care onto us "greedy capitalists" or simply just tax the **** out of us.
Worse still, if as RTM correctly suggested this morning, the political risk is very very real and if Jacinda gets a third term, oh my goodness, then it really will be time to run for the hills !!!!!!
I'll probably sell every N.Z. share I have and put the lot overseas if she gets a third term.