If you have 10 million then go for it. I still think it would be stupidity to have 10% of net worth (a million) in a house in NZ.
Any less than 10 mil and it's more than madness.
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Clearly we agree on some points but disagree on this last point.
I still have nowhere near the sums you are talking about and yet own my own home, and this seems to be working for a lot of people. it certainly works for me.
perhaps the other posters are correct and we should drop it and move on to other topics
I agree if the only market I had to invest in was the NZX ..I wouldn't have stayed trading in the market for as long as I have and continue to ....If I could have only invested in NZ investments ..prob would have put most funds into more commercial property and Mortgage secured investments ..NZX is a Bore
the bulk of my income comes from the ASX... even though even its become a bore of late..
The energy sector is taking a hit.
nah , transition to new energy means only the biggest fossil fuel companies will survive longest time in the future. eat or be eaten is the motto. woodside in asx is another example of need to get bigger by buying bhp oil assets where as bhp wants to transition to new energy materials and rid themselves of fossil fuels
Real sign of retail capitulation will be TRA getting dumped ...but its holding well on near term inclusion prospects and with regular forecasts of $ 6 from W69 !!!
Shows retail still not panicking in spite of regular scary posts of Bull that its all over for stocks :p
We perhaps have locked in the lows in the US indices, all holding key areas for two nights running & gyrating between flat % 1% or so. Upbeat corporate earnings coming at the right time.
DOW could challenge 34,000 next on the upside.
I have switched my Kiwisaver back to growth with a high proportion of international & NZ stocks.