Got it. Was worried you were deviating from the course there a minute. Phew.
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Bro. You cannot deviate from math.
https://milfordasset.com/insights/gr...at-capital-one
Education is key Muse.
The Earth is flat. That's my opinion, as you've said, it's equally as valid as any other opinion. You just need to have an opinion and it's then as valid as any other.
World according to Muse...
Not defending the gross index was trying to decipher your markel comment.
I’m pretty critical of the NZX and concept of the gross index. From memory the index assumes dividends are reinvested at ex date and not the payment date. In a bull market gives a slight compounding advantage. Plus assumes no transaction cost which not realistic particularly for NZ given we have among the worlds highest fees for investing into our own domestic exchange. And its creation was motivated in large part to compensate for the woeful performance after the 80s crash when the nzx was littered with garbage.
The positive of the gross index is that gives some consideration to the very high payout ratios here especially relative to the American indicies (of which I am heavily invested into via ETFs).
Ill keep cracking into those books. Thanks.