Only a limited amount of Kiwisaver (<40% ?) is invested in NZ
https://www.rbnz.govt.nz/statistics/...sets-by-sector
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Only a limited amount of Kiwisaver (<40% ?) is invested in NZ
https://www.rbnz.govt.nz/statistics/...sets-by-sector
mentioned couple days ago be good if we had market consolidate , so far so good. might be holding pattern for big week next week
CPI , FED Meeting
Going forward there can be more and more tech sell-off. Overvalued assets haven't adjusted to reasonable value yet.Time has come for me to hunt undervalued, overlooked stocks(tomorrow's darlings)?
NZ market exactly where it was 4 years ago...
That tells a lot about country and its economic state ...Govt shud wake up to bring some real growth in economy which will eventually help companies grow .
But on another thought ...it maybe to due to the fact also that most of the index is low growth companies ...people like dividends here ( though included in levels ) but main point is we have a dearth of real growth companies like MFT and FPH ...
But after a long inflation fight ...market will readjust to much higher levels ahead ...just to compensate for the new inflated prices of everything from replacement costs to inflated revenues etc .
Look forward to 25-50% upmroves in next 2-5 years for this adjustments