Lets keep this simple. You say, and I quote, "I can understand justakiwi being offended with my statements." But do you actually understand? It would appear not
because you seem intent on pushing forward your version of what you term the "hard facts". And then you continue on with diversions into buying property.???. You say, "By all means, my comments were never to offend or push down the new person wanting to learn. But in this day of age where gov'ts regulate things and distort tax laws in different asset classes, the best thing a person wanting to learn is to know the hard facts. Sometimes these hard facts are too rude to handle. I can assure you they're not BS because the examples you can see with those that leveraged and bought multiple houses over the past 30 or so years have done far better than those who invested in NZ equities over the same period. Nothing BS about this." So you have somehow felt the need to to defend your position, as well as shift into a new category, and all without any consideration for her position and how your comments were deemed to be arrogant. If you are a seasoned investor you will know that this investing knowledge doesnt happen overnight and regardless of whether you actually are right or wrong, it just doesnt seem right to be making new investors uncomfortable. Helping people learn in a supportive way is always going to be accepted more graciously than telling then what they should or shouldnt be doing. At the end of the day not everyone will be interested in your view of the world. I know that may be hard for you to comprehend and accept but there it is. Sometimes genius is just not appreciated :sleep: PS if you wish to continue this discussion you can pm me but lets remove it from this thread since it has diverted away from its original intention.
Quote:
Originally Posted by
SBQ
Teachers and coaches in the field of finance? Let's be real, investing is far from the examples we see in sporting, school education, your boss, etc. There is simply no field that is more biased and skewed than the field of investments in finance. They don't teach much of this subject in schools, no different to the subject of economics, for the simply reason? To the layman they're all very boring subjects.
IMO and to many in this forum, it's not boring. But what i'm not appreciative is the lack of transparency in the field of investment. For eg. you have a whole investment scheme backed by the NZ gov't in the area called Kiwi Saver. While looking over at the asset class of owning residential houses as an investment class, the NZ gov't doesn't want to touch that with a 10m pole. Investments and Finance is a complex field but it doesn't have to be. Gurus like Warren Buffet have time and time again made the same statement that individuals don't need to believe in the hoo haa that investment advisors and various gov't regulatories spell out. All you have to do is stay invested and look at the long term ; or basically, "Forget about the investment and let American businesses do their charm".
But this is not what we have in NZ. Individuals can't simply put their $ into share investments so easily or the NZ gov't has restrictions such as the FMA on where you can invest or can't. These 'distortions' to the investment field make it very hard to any new person to understand and so by making things complicated, new investors feel they need "professional advice", yet getting that kind of advice costs dearly to the person investing with them or with their managed fund.
I can understand justakiwi being offended with my statements. I can also assure justakiwi that meeting with any financial advisor, they will be quick to show you what you can do with the savings but in the back of their mind, they're rubbing their hands collecting the commissions and mgt/admin fees. They certainly won't talk a lot about buying a house using leverage and make the comparison with buying so and so Kiwi Saver Funds and the tax advantages of owning your own home. By all means, my comments were never to offend or push down the new person wanting to learn. But in this day of age where gov'ts regulate things and distort tax laws in different asset classes, the best thing a person wanting to learn is to know the hard facts. Sometimes these hard facts are too rude to handle. I can assure you they're not BS because the examples you can see with those that leveraged and bought multiple houses over the past 30 or so years have done far better than those who invested in NZ equities over the same period. Nothing BS about this.