Sorry leemsip.
"stonks" a concentrated artillery bombardment.
Much like the NZ sharemarket eh at present.
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Sorry leemsip.
"stonks" a concentrated artillery bombardment.
Much like the NZ sharemarket eh at present.
I know what you mean. Super hard mentally to add to that fund with the three companies Apple, MSFT and NVIDIA making up over 30 per cent.
However, adding all my Kernel funds together I'm only about 5 per cent NVIDIA, for example. And across all my equity funds I'm only 2.8 per cent or half the S&P500 weighting.
So I tell myself not to touch anything and any spare cash (small amounts) I come across I hold my nose and send it to growthy funds via Kernel or Simplicity's global offering. Feels dirty and I don't want to do it so it's probably the right thing for me to do. I don't need anymore value type stuff.
Everything has a cycle. Sometimes international stocks outperform domestic stocks. Sometimes domestic stocks outperform international or emerging markets. Smart fund managers know how to get peace of cake in every market. As growth stocks are expensive Intelligent smart investors and traders will look elsewhere. Now there are stocks trading under a dollar. Still I won't touch until I see coming turnaround as I got caught to few in the past. I did a small study. One traded somewhere around $24 in the past. Its Downfall is massive. They can go down further unless there is a turnaround.
NZ GDP up 0.2%. More telling GDP per capita down for the March quarter 0.3% and down 2.4% for the year ended March
RBNZ loving the Philips Curve at the moment ….we’ll Allie OK
https://www.rbnz.govt.nz/-/media/pro...lips-curve.pdf
More RBNZ ass covering. Rising wages didn't cause inflation. Fuel and other imports drove up inflation. Consumption data spiked during covid lockdowns and monetary stimulus then service inflation grew as restrictions eased and the cost or borrowing grew. Wages increased in an effort to catch up the cost of living crises not as the cause of it. Other than that it is an ideologically driven fantasy. The RBNZ is simply trying to fit a model that attempts to justify their engineered lowering of the standard of living in NZ. The rest of the world has denounced and debunked the Philips Curve
Wage increased has certainly impacted inflation, it may not have been the underlying cause as you point out but it certainly has had an impact and probably extended the inflationary impact in NZ. I'm not suggesting it wasn't necessary as again you point out people needed more money just to stay afloat, but it certainly pushes up the cost of a latte.
In the last 10 years, the minimum wage is up 63%.
It feels like an own goal, us farmers working too hard and are the reason for the economic data not flashing a recession.