Phaedrus
Im not quite sure whether you are taking the mickey out of yourself or not....
Alas, you must be making quite a bit of money at present as you seem to be in a jovial mood.
Printable View
Phaedrus
Im not quite sure whether you are taking the mickey out of yourself or not....
Alas, you must be making quite a bit of money at present as you seem to be in a jovial mood.
Hey guys, good news... NZ fund managers made a return of 30% last year... *YAWN *YAWN...
NZSE have gone up 35% and they have gross 30%??? WTF?
Better to put your money in the index and pay min brokers fee.
NZSE 50 31/12/08 was 2715.71.
NZSE 50 31/12/09 was 3230.15.
Increase 18.94%
I think it depends what dates you use Doctor. The index was down at 2522.32 at the end of Feb 09 which gives an increase of 28.06% to the 31/12/09. I think the bottom was about then. But you are right there is little point in NZ based funds. A different story off shore though.
Disagree 777 ..I different story off shore??...apart from ozzie (maybe some others?) off shore in 2009 was a mirage for NZ investors.
Most huge gains in those equity markets were offset by their falling currency.
NZ $ index on the other hand rose from .58 to .73
Add that currency value of the shares into the equation and the NZ Stock market yearly gain looks rather huge in comparsion to the rest of the world.
Expansion on my last post #90.
Amazingly the DOW index index increased exactly the same rate as the NZX50 in 2009
Date....................DOW.................NZX50
01-01-2009...........8772.................2716
31-12-2009..........10428................3230
.........................+18.9%.............+18.9%
On face value it seems the investor would be equally better off.
But..
Not so ...
For the NZ investor investing in the DOW index fund in 2009
example
Buy the DOW index in US$ .... 1st Jan outlay NZ$ 15853....8772 x (1/0.57)
Sell the DOW index in US$.....31st Dec receive NZ$ 14483....10428 x (1/0.72)
Loss............NZ$(1370) -8.6%
For the American investor investing in the NZX50 index fund in 2009
example
Buy the NZX50 index in NZ$ .... 1st Jan outlay US$ 1548....2716 / (1/0.57)
Sell the NZX50 index in NZ$.....31st Dec receive US$ 2325....3230 / (1/0.72)
Profit...........US$777...+50.2%
No argument with your earlier post Hoop. It is just that for a lot of investors the use of a fund for offshore investment is a convenient way of doing it. I actually use Platinum for some of my exposure. Allowing for FDR and exchange rates they averaged 33+% for 2009 calendar year.
Well looks like after last nights action in the US , NZ will break to the downside monday.
The 09 trendline from the lows will be broken on a daily basis = bearish but still hope on a weekly close of maintaining the uptrend.
Very dissapointed in this so called correction. Have been hunting around for a bargain or two . However all my targets have barely changed price
Yea a massive 5 pt break lol , maybe it wasnt the end of the world like i was thinking
Biker they were down about 15% against the markets overall being down about 30%.
This URL gives their performance. In Australian $ obviously.
http://www.platinum.com.au/images/web_all.pdf
I am also hunting for bargains. ;)