Ift had better bring positive news in their annual results and forecast. It's almost like they now have to be the Captain and stand up and lead by example.
Any little negative from them will drive the NZX down even further.
Printable View
Ift had better bring positive news in their annual results and forecast. It's almost like they now have to be the Captain and stand up and lead by example.
Any little negative from them will drive the NZX down even further.
I expect there to be some mean reversion as you say, in the meantime its difficult to ignore the opportunity cost while we wait. Same could be said for emerging markets. China for example, one of the best performing indexes this year, however, before the party announced buy backs and Jack Ma popped up it would have ben hard to place a bid with the likes of Nvidia making such remarkable increases
Yep. My bad. I meant lower! NZX companies generally having a lower P/E does not necessarily mean there are more opportunities as I think that many of the high growth/higher P/E NZ companies are already listed on overseas exchanges or owned by overseas companies.
Nevertheless I have a home market bias at the moment, “hoping” there has been some overselling.
Biggest buyer as well as hirer is going on austerity ...high time ...this will help NZ get over inflation faster then anticipated .
RBNZ will be smiling that its task becoming simpler
No time for fear !!
I'm not sure why everyone is in such a funk about NZ shares.
My NZ share allocation, I use Simplicity's NZ Share fund, is flat on the year. Gee, Ive been been through worse. Looks like FPH is 13 percent of the index. I guess that helps.
Simplicity only charges 0.1 per cent of asset value for that fund. That fee is miserly, Vanguard like. I never thought I'd ever get to pay so little.
We've reached the Golden Age of investing in NZ. What a time to be alive!
My overall NZ allocation is 7.12 per cent. A tad lower than I would like but I'm not rebalancing. Its survival of the fittest in my portfolio from now on - no top ups, no new cash.