Never paid a cent of rent in my life.
He made a terrible decision, less than 2% real return over 40 years plus maintenance etc.
He should have invested in the SP500.
Guess that's why he was pumping gas?
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What is Listers prior track record for calling the market over the next 12 months.
Regarding your observations and predictions, what are you doing about it? If you have a different view than the market, you can profit a lot if you're correct.
What are your intentions?
3 yrs of poor returns for nz market be interesting if 2024 is better. up against headwinds though at least first half i reckon
you might be right in your thinking second half. which is my opinion
wonder if ORR was saying this when he was meeting with luxon
High immigration linked to inflation says BoC Deputy Governor
https://tnc.news/2023/12/09/immigration-inflation-boc/
anyway im thinking must off as luxon acknowledged immigration was unsustainable at current levels. so less immigration ? or just keep rolling it in like they always do
I see luxon also saying next yr going to tough
Prime Minister Christopher Luxon warns Kiwis battling the cost of living crisis are going to continue feeling pain next year as he believes it’s going to take time to fix the economy.
https://www.newshub.co.nz/home/polit...ne-in-gdp.html
Blame Reserve Bank for home loan rates holding firm, economist says
https://www.stuff.co.nz/business/mon...economist-says
guess he's right public sector cuts will depress spending and if they cut back govt spending a little that depress the economy pretty quick combined if they do with less immigration and banks holding rates higher in the face of collapsing swap rates. so first 6 months rough maybe better after that
A report on RNZ this morning I half caught I think said NZ ownership of the domestic stockmarket was at an all low at what I think they said was 37%.
U give too much weightage to Govt actions on real economy outcomes ...Yes labour did inflate it by spending like drunken sailor but main reasons were super low rates ...now is the opposite going to happen ...high rates plus Govt trying to control spending will make economy wobble very very fast . I wont be surprised that we end the year 2024 at 4-4.5% OCR with clear path to 2.5% on horizon ...can be more faster downside but not easy to expect it at present ...will evolve over time but path is surely down FAST
Secondly immigration is not bad for country ...thats sorting the labour problem thus Inflation problem ...only helping boost housing but thats acceptable at present ....I will expect it to keep going till we are flooded with cheap labour getting paid less then minimum wages ...lol ...already can see its good side ...all companies have restored all labour intensive customer service frills ...https://www.interest.co.nz/economy/1...nd-what-expect
NZ market traded where it is today, 1680 days ago. Which is more than 3 years.
During this time there has been a government measured 22.1% inflation, this is a 4.5% CAGR.
So how far back do you have to go inflation adjusted to be breaking even now? Many, many years.
3yrs just of top of my head.
anyway individual stocks are key ie stock picking is more crucial and can mean if you pick the right stock you will way out perform an index. ie mft has way outperformed nz market last 20 yrs even better than sp500. also like microsoft etc
anyway i consider index returns generally are a waste of time to measure your performance against. most people should just have a goal of how many dollars they want for retirement and then work out what returns each yr are needed to get to that goal and dont measure yourself against a index its pointless and really means little except to fund managers and brokers who want you to churn into the best performing fund for next yr.
You once again miss the entire point.
Index returns are what you can get guaranteed and for a very low fee. If you can't beat that return then you are wasting money.
So if you continually underperform the index you will make way more money by giving up.
If you work out how many dollars you need for retirement and that can be achieved easily by index returns then probably the best course of action.
You have messed up massively again, need to remove 11 screens and FOCUS.