Originally Posted by
RTM
And I think this is the most interesting phrase in the Beagles post. Over and over again I see this on share-trader...the collective "we" just can't know everything. We analyse, cogitate over companies without a fraction of the information we in fact need (compare Beagles financial analysis work to what officers in the companies actually know about their businesses), we look a trends in our country, the world etc and make our investment decision accordingly. But, as Beagle highlights above, so many times...sh*t happens, government policies change, wars, etc etc. Wait until Jacinda gets in for a third term and without the immediate pressures of COVID starts to implement some really big social changes. Or National with some Balance the books efforts.
In my opinion it reinforces the need for well diversified portfolios, and if you have enough cash, not just within New Zealand and perhaps Australia, more widely as well. USA, UK..Europe.