BP ..you seem pretty certain those with money in the bank are going to lose all their money
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BP ..you seem pretty certain those with money in the bank are going to lose all their money
That's not what I said.
However - losing your cash in a recession is clearly as well a risk which investors need to consider and manage (similar to the risks of a company rolling up their toenails), particualrly if we assume that the times get a bit rougher ...
Of interest: Most OECD countries offer government guarantees for bank savings. NZ does not - i.e. we will be each on our own if a bank crashes.
Actually, on reflection I think that a direct comparison of OCA with RYM shares during the GFC is not quite appropriate.
The difference is - RYM pays a significantly lower dividend (and certainly did in 2007 to 2009) than OCA, which makes it more likely to tank during times when the markets re-rate growth.
OCA shares should behave more like a bond with tagged on growth potential ...
https://www.oneroof.co.nz/news/35810 Melbourne real estate tanking...can't be easy for elderly folks to sell their homes for what they need to buy RYM's expensive units.
Have to say I have been tempted to buy a few at this price....but I am trying to be patient :eek2: and not impulsive as I suspect it has further to fall...:confused:
In fact after reading other posts I dont think I should be buying anything....probably should be selling some..
RubertBear at todays closing price of $10.71 you are not likely go wrong. David Kerr, RYM Chair topped up his RYM share portfolio 2 months ago for $11.18
If he sees value over 11 dollars and you are not buying, I like to know why you think David Kerr made a mistake with his latest purchase?