Originally Posted by
SailorRob
Generally I like to steer well clear of socialist regimes with my capital and I don't really look at nor understand the NZ market. I think the risks of investing here are dramatically misunderstood, in terms of us being a very isolated and backward 2 crop agrarian state, multiple things could see our $ collapse and stay down for the count and anyone who ever tries to produce anything gets jumped by parasites.
The entire NZ capital markets have CAGR at less than 0.5% for 35 years. They are tiny and insignificant. The entire market combined would be a small company in the USA.
I only own 2 companies here and one is fing off to ASX soon.
The other is OCA which attracts me due to the balance sheet, the liabilities are assets superior to equity capital.
All this is not to say there is not money to be made here, I just don't really know how.