History suggests we'll wait till the country's on the verge of bankruptcy before making a change, AKA 1984 election all over again lol :)
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UBS says retirement stocks will get crushed
https://www.cnbc.com/2017/09/18/new-...ment-risk.html
... the usual scaremongering from our resident bear.
Here are the relevant citations:
Quote:
UBS said Thursday there is now a "fair chance" of a change in government and that will put pressure on GDP growth, inflation and the kiwi dollar.
OK - so not sure who made them election specialists, but they said there is a "fair chance" of the government to change.Quote:
UBS identifies housing-related stocks as at risk from any Labour-led coalition with policy promises to ban the sale of residential property to non-resident foreign buyers and build 10,000 new homes annually.
UBS says any fall in housing would put pressure on the aged care sector and lower economic growth should negatively impact the transportation sector.
Fair chance is no certainty.
They draw as well a quite long bow from a generally deteriorating economy due to a Labour government to pressure on retirement homes. Their arguments are neither uncontested nor new.
If you want to do something positive - vote National or ACT!
wow - warren buffett says the dow is going to 1 million
http://money.cnn.com/2017/09/20/investing/warren-buffett-dow-1-million-100-years/index.html
I did not read the article, but if from the header is implying that in 100 years the dow will be at 1 million, well I think it may be a lot further. Lets argue for simplicity's sake that the market doubles every 10 years (it probably does slightly better than that). They there are 10 "doublings" to go in another 100 years. Lets see where that leaves us:
10 40,000
20 80,000
30 160,000
40 320,000
50 640,000
60 1,280,000
70 2,560,000
80 5,120,000
90 10,240,000
100 20,480,000
So one could easily argue that the Dow should be at 20 million in 100 years time :)