World at risk of second Great Depression due to coronavirus, says Chinese central bank
https://www.scmp.com/economy/china-e...ronavirus-says
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World at risk of second Great Depression due to coronavirus, says Chinese central bank
https://www.scmp.com/economy/china-e...ronavirus-says
Well the ones that have savings ... most just keeped using their increasing equity(as their properties increased) to buy more property or expand business interests ...thats been the mantra of most Kiwis wealthy or has it not ?? with 2-3% savings rates .... cheap debt NZ property always goes higher ...safe as cash in the bank
Sorry i think Winner69 already mentioned this. I had to comment before finishing catching up from the weekend
Dow Jones futures currently showing an opening up 600pts!
I was thinking about all the dividend cancellations and what it might mean for individuals and economy in general. Clearly tough on fixed income, kiwisaver and people with significant portfolios.
Quick list (incomplete?) of companies cancelling dividends due to Covid19:
Dividend (cents) Securities issued Amount cancelled Z Energy 23.5 400,000,000 $94,000,000 Air NZ 11 1,122,810,044 $123,509,105 Auckland Airport 11 1,215,040,409 $133,654,445 Steel and Tube 1.5 165,997,540 $2,489,963 Kiwi Property 3.525 1,569,087,532 $55,310,336 Tourism Holdings 10 148,014,900 $ 14,801,490 Warehouse 10 346,843,120 $34,684,312 Fletcher's 11 824,256,416 $90,668,206 Briscoes 12.5 222,218,500 $27,777,313 Vista Group 2.1 166,467,447 $3,495,816
I have excluded banks as I am unsure about Australian parent company relationships and its effect on dividends.
Quick rough math suggest in the last month $580 million worth of dividends that would have been in shareholders pockets have been retained by companies.
I suppose it is relatively easy to cancel dividends but as that sugar rush of retained money is spent how far away are we from capital raising's and who are the most likely candidates?
Nice but you missed the part where you magically know the bottom has been in and there isn't a fake rally? so how exactly is this DCA method better than the other?
With this method you might end up picking up on fake rally tops and actually netting a bigger loss if it turns out the company you're in is negatively impacted too.