What I am looking at is with Australian interest rates being considerably lower than NZ will the ASX outperform the NZX? Although I cut to cash in NZ I left my Aussie funds on aggressive. Let's see in 12 months.
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What I am looking at is with Australian interest rates being considerably lower than NZ will the ASX outperform the NZX? Although I cut to cash in NZ I left my Aussie funds on aggressive. Let's see in 12 months.
The NZ high dividend payment rate, as opposed to withholding profits to reinvest, boosts the publicised NZX50G so NZ share investing does not appear to lag overseas markets.
It is why NZ incredibly applies an unrealised capital gains tax on overseas shares via the FIF regime. A punishment for daring to withhold dividends in order to invest in applying capital to increase productivity. A Very unKiwi thing to do.
Don't go mentioning capital gains taxes, old balanced will throw a fit!
Yep, but ultimately if a NZ company pays a 5% dividend then the tax you pay will be identical to if you had the same amount invested in FIF regime companies.
With FIF regime if you have a company paying a 10% dividend then you could argue that 5% of that is tax free.
Where would stock indices be without this outflow from banks? Not sure it was about better returns in a rising interest rate environment driving the flow but the risk associated with banks.
https://www.nzherald.co.nz/business/...61358fbe6ffe3b
best markets this yr
crypto by a country mile
nasdaq esp semiconductors
gold
europe
still maintain nz negative yr again as it mean reverts
Headline inflation drops to 6.7%, a tad below local economist (Westpac, BNZ, ASB, ANZ, Kiwi) consensus of 7.1%. That's good.
Sadly non tradable inflation came in at 6.8%, inline with consensus of 6.8%. This is where the battle needs to be won.