https://www.youtube.com/watch?v=LIpt16D2mgQ
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It has to be said Bobdn, you are almost certainly one of the best investors in NZ and I would bet good money that you have destroyed all of the professionals by a very wide margin.
How?
By sitting on your arse.
All of these people doing all of this analysis and work and trading and god knows what else.
You just index and don't mess with the formula that you know will win out over the long term. You look at the evidence and act accordingly.
You know when you pick individual stocks it doesn't work out, so you don't. You keep it simple and stick to the rules you've set and that is that.
You don't give a crap about the news or all the pros calling for massive recessions or wars or anything.
I'd say you're within the top 1% easily.
It is a breath of fresh air.
Tried to tell my GF's Dad the same thing but he said it was too boring. I asked him if travelling the world playing the top Golf courses would be boring.
Thanks Sailor! You're too kind. Many failures along the way but I got there in the end.
Just asking. What does retire 'early' actually mean.
I found that going fishing, surfing, down hill mtb (golf but not for me) etc is just not the same unless it's adrenaline plus unwinding the stress.
That's why I chucked the desk job and bought a farm. So that I can work and play.
Well done on the $$$ from investing. I will learn and get it right one day.
Retired at 51. I lead a modest life and am not wealthy by most NZ sharetrader standards. Never bored. Schedule adventures from time to time so I can talk about my adventures and sound like I'm having a productive retirement.
YouTube is an essential element of retirement as is Audible.
I think you are probably one of the "richest" participants in this forum. It strikes me you have set yourself up in a way you can enjoy your life and seem happy with your lot. It is a rich man that can choose what they want to do rather than be tethered to the tyranny of work or the endless need to make more paper. Congrats.
I'll admit I am more than a little envious :)
I started a bit too late. My investment journey didn't start until quite late in my life and I had kids later than average as well. Not that I would swap them for all the tea in China. Mind you my 20's and 30's have some memorable moments ;)
rbnz leaved unchanged , but track pushed out with posibility of more rate hikes :scared: nzd rally big time on that
It's hard to disagree with Adrian's position. But it hurts!
Orr put big dagger through the hopes of any rate cuts this year, there goes the housing market to trash.
The RBNZ is a joke.
They screwed by giving it away and the poor ignorant NZer went berserk and forgot they had to pay it back at higher rates in 2/3 years something Jacinda, Robertson and Orr left out when telling everyone to spend up. Regardless of the dribble from Orr today I still think we get a cut last quarter of the year unless he really wants to send the economy into to total oblivion..
But someone on sharetrader said they tots feel rates are coming down soon.
Actually, everyone on sharetrader
I'm confused.
With Banks falling over each other in trying to get some business from few buyers in the property market ...all trying to reduce rates as much as possible
RBNZ statement was expected to curb premature loosening in bonds market ...but will it last ...we will see ...last qtr rate cuts very much on horizon
Its a big hit to property sentiment for sure - the OCR being such a headline figure. Many people I know of have re-fixed on 1 Year will be a bit gutted. My guess is many an investor waiting for this announcement before deciding on whether to take advantage of the brightline changes in July will see a bump in the number of properties on an already saturated market
Unemployment still rising. We will see