Up to $27b to be withdrawn from super
https://www.afr.com/politics/federal...0200322-p54cmr
Could be a wave of stock selling coming to meet this
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Up to $27b to be withdrawn from super
https://www.afr.com/politics/federal...0200322-p54cmr
Could be a wave of stock selling coming to meet this
there will be plenty of kiwisaver hardship withdrawls to come as well. so expect some selling in time too come.
kieth woodward says NZ is following the herd strategy of infection.
NZ’s COVID-19 policy has got into a tangle with the crisis deepening by the hour. We must move away from discredited herd immunity and move to full Level 4 now
https://www.interest.co.nz/opinion/1...must-move-away
thats what my dire senario post suggested , a dire outcome for NZ following this strategy even boris realised infecting the whole population was dumb in the end. ardern knows better eh infect everyone
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US futures in limit down already. aus market looking down 9%
That is very logical and how I thought I could hide.However the market is unpredictable-for instance I thought Oceania down over 50% and meeting those criteria was a good buy.Probably is an even better buy now but still falling.I tell myself next year it will be fine and have regained losses.
Any stock can still fall and as long as you do not have debt -then hiding in such stocks-diversification of course is a good long-term strategy.
Meanwhile cash is clearly king.
I see that Wall St is limit down at the moment. Last quote I have is 18,202 18,216.
getting very nasty.
Does this mean its time to buy ?
When you're too scared to do it , thats the right time yeh ?
I think lockdown stage 4 will be announced today. Certain stocks plummeted in the last hour