Hey alokdhir ….Kiwibank man says we can now expect EIGHT 25 basis points cuts in a row
That’s good eh?
Almost all think so, but will it happen ?? U tell me ? U saw what it did to stocks yesterday ...so must be good ...saving rates are going down so more money will flow to income stocks ...think KFL ...lol ...It's high time KFL starts closing discount gap !!!
PS : I remember u and me were in sync that NZX50 can do well this year ...we expected +20% year...7.2 % done rest to go in next 4 months ??
Orr CUT also and provided very dovish MPS ...basically new MPS is in full sync with current market ...fingers crossed it works out
Run away NZD may have also weighed in to actually CUT ...based on rates expectations NZD started going out of hand after last labour data ...he surely didnt want to hurt exporters too !!
I think we're overdue for another pandemic. Some serious lockdowns wage subsidies and money printing would be a real breath of fresh air right now.
I wonder about the feasability of that.
Though if doomer predictions about AI are correct.. then job loss will cause deflation -> reserve banks print money indefinately to keep inflation in the target range.
Though if doomer predictions about AI are correct.. then job loss will cause deflation -> reserve banks print money indefinately to keep inflation in the target range.
When I was at school I'm the 1980s they said our biggest problem was going to be what to do with all our leisure time. Computers were going to do all the work. Hows that been working out?
I bet AI eventually opens new doors and opportunities.
https://www.rnz.co.nz/news/business/...-share-traders
Tax warning for share traders. If you're buying shares with the intention of selling them for a higher price in future, take note: You might have a tax bill to pay.
Inland Revenue (IR) has released draft guidance reminding share investors of their obligations, and some commentators say a lot of people may potentially be caught.
Among the points covered by the guidance, it makes clear that even people who only make occasional share sales need to pay tax on their gains if the shares were bought for the purpose of reselling.
"We encourage investors to keep records explaining the reasons for their share purchases," IR said
Deloitte partner Robyn Walker said IR had a lot of information about investments but did not know what people's motives were when they bought shares.
"What they are making clear with this statement is that if you are acquiring with a dominant purpose of sale, then any profit should be taxed. The onus is on the taxpayer to ensure they are documenting what their intent is when they purchase shares, as IR may check.
The advent of online platforms has made share investment a lot more accessible to a lot more people - which is great for people's financial literacy - but normal tax rules still apply, so if someone thinks it is a good way to make additional money, they should remember they will need to pay tax on sale."
Kernel founder Dean Anderson said it appeared that "quite a lot" of Sharesies investors were buying shares to later sell.
There was also a lot of movement in speculative stocks, he said, such as AMC, Gamestop and Nvidia, which have had volatile share prices.
Originally Posted by mike2020
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