The reserve bank only cares about inflation though (unlike others around the world).
We're in the process of chemotherapy to get to the target range.
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The reserve bank only cares about inflation though (unlike others around the world).
We're in the process of chemotherapy to get to the target range.
There is so much negativity on here and in the media it's telling me we are close to a buy signal.
To quote Buffett, to be fearful when others are greedy and be greedy when others are fearful.
In reality, I wouldn't be surprised to see another leg down in NZ which would be the opportunity I will be looking for and that could be driven by a shake out in the US where their markets are looking expensive. I.e the 2nd part of Buffetts quote.
Absolutely. I got caught out in the GFC big time. Kids were real young, too much debt.
This time around the debt is small, kids are older. So the downturn just provides opportunities to buy.
Everyone who gets caught out with too much debt learns their lesson. That's why these down cycles are life savers in the long run.
Now is the time to empty the bank accounts and buy assets. Any company with a solid balance sheet will be difficult to lose on.
Given current policy settings, the untaxed inherited wealth will likely ended up reinvested back into residential land - a trickle may be reinvested into NZ listed companies.
Much of family wealth in NZ is already wrapped up in family trusts, so in those cases the death of the older settlor won’t be such a pivotal moment from an estate point of view.