Early 2020 wasn't a bad time either with the market having given up circa 40%.
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Company bankruptcies up 40% year on year following on from the previous quarter which was up 35% yoy.
Late or non payment on electricity bills has grown significantly. This is the bill neglected of last resort, I.e consumers will generally forego their daily flat white or dinner out to ensure their power bill, mortgage or rent etc is paid.
But apparently the economy is on fire! 😅
Funny that I looked at liquidations last night.
Not as bad post 2008 but somewhere in between.
https://www.insolvency.govt.nz/about...lative-totals/
https://www.insolvency.govt.nz/about...es-since-1988/
https://waterstone.co.nz/insolvency-...7%20for%202022.
Investment for income plus growth ...income gives cash to live life and some short term security amount
Worked pretty well for me ...It will for all too if they invest wisely and stay patiently invested ....time in the market makes it look better and better ...timing it only adds some excitement and nothing more ....2550 to current 10700 is still looking wonderful ...similarly 10700 to maybe 40000 in next 15 years when the next rates cycle comes !!!! Rates are surely cyclical ...all shud know by now ...so why being so pessimistic at current high levels of rates !!!!