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Thread: Black Monday

  1. #9291
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    Perhaps he should have quantified that as speculative investing?

    On the other hand, are Government bonds without risk? Plenty of dodgy Governments/Countries around the world, and I am not sure we are not one of them.
    Same can be said of term investments. It wouldn't be the first time a Government has reached into bank accounts of private individuals to prop themselves up. Never mind what might happen to a currency during the course of your fixed term.

    Having wealth of any kind is a risk, but most of us see it as a risk we would happily take on. Others spend it and will go to their graves happily knowing that the experience can't be taken from them (baring a dose of alzheimer's).

    As for the bleeding red portfolio I am looking at today - should have cashed up yesterday.

  2. #9292
    ShareTrader Legend bull....'s Avatar
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    PBOC now calls cypto market - alternative investing

    After a bitcoin crackdown, China now calls it an ‘investment alternative’ in a significant shift in tone


    https://www.cnbc.com/2021/04/19/chin...t-in-tone.html

    and even NZ IRD tax crypto investing ...... so it cant be gambling can it as gambling is tax free
    Last edited by bull....; 22-04-2021 at 05:29 AM.
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  3. #9293
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    Quote Originally Posted by bull.... View Post
    PBOC now calls cypto market - alternative investing

    After a bitcoin crackdown, China now calls it an ‘investment alternative’ in a significant shift in tone


    https://www.cnbc.com/2021/04/19/chin...t-in-tone.html

    and even NZ IRD tax crypto investing ...... so it cant be gambling can it as gambling is tax free
    IRD does actually tax gambling if it deems it a persons primary source of income.

  4. #9294
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by bull.... View Post
    this is getting interesting

    POLITICS
    Nanaia Mahuta likens New Zealand-China relationship to 'dragon and taniwha


    https://www.newshub.co.nz/home/polit...ays-agree.html



    China heaps praise on Nanaia Mahuta's 'remarkable' Five Eyes comments

    https://www.newshub.co.nz/home/polit...-comments.html



    New Zealand secures its interests by distancing from US-led clique

    https://www.globaltimes.cn/page/202104/1221610.shtml


    British media claims Five Eyes has 'become four' after Nanaia Mahuta's comments on New Zealand's position


    https://www.newshub.co.nz/home/polit...-position.html


    is NZ about to choose sides ?
    Is this another disaster ?

    Government could give Finance Minister new role in restricting bank lending


    https://www.nzherald.co.nz/business/...4NK72N25CQC6Y/


    Our international standing at risk ? why it means we dont have a independant reserve bank anymore another departure from western standards and another move to the autocratic side ?

    if it becomes a trend i imagine a big flight of capital fleeing NZ
    Last edited by bull....; 22-04-2021 at 09:48 AM.
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  5. #9295
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    Quote Originally Posted by bull.... View Post
    Is this another disaster ?

    Government could give Finance Minister new role in restricting bank lending


    https://www.nzherald.co.nz/business/...4NK72N25CQC6Y/


    Our international standing at risk ? why it means we dont have a independant reserve bank anymore another departure from western standards and another move to the autocratic side ?

    if it becomes a trend i imagine a big flight of capital fleeing NZ
    NZ giving the RB independence in these matters was seen as a major step forward around the world (and followed by many) so removing some of that should be seen as a backward step.
    While some changes have a 'time to live' that means they are no longer fit for purpose in a changed setting the RBNZ independence hasn't reached the end-of-days yet

  6. #9296
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    Quote Originally Posted by bull.... View Post
    Is this another disaster ?

    Government could give Finance Minister new role in restricting bank lending


    https://www.nzherald.co.nz/business/...4NK72N25CQC6Y/


    Our international standing at risk ? why it means we dont have a independant reserve bank anymore another departure from western standards and another move to the autocratic side ?

    if it becomes a trend i imagine a big flight of capital fleeing NZ
    Mostly the article was about gauranteeing depositors up to $100,000. This is taxpayer dollars providing the gaurantee. Not so long ago our reserve bank was trying to foist money on the trading banks who responsibly started setting some limits to their lending when it should have been the other way round.

    Its nice to think some people still believe central banks are independent from government anywhere in the western world.

  7. #9297
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    No mention yet as to what this deposit insurance will cost banks/customers?

  8. #9298
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    Quote Originally Posted by bull.... View Post
    and even NZ IRD tax crypto investing ...... so it cant be gambling can it as gambling is tax free
    but it is indubitably purchased to sell later at a profit so all realised gains are taxable. (because there is NO yield to produce income)
    Last edited by peat; 22-04-2021 at 12:39 PM.
    For clarity, nothing I say is advice....

  9. #9299
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    Quote Originally Posted by macduffy View Post
    No mention yet as to what this deposit insurance will cost banks/customers?
    I see the guarantee is limited to $100,000 per institution. So presumably if your deposits total more than $100,000 then the excess funds will not be charged a fee or they will receive a higher interest rate?

  10. #9300
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    Quote Originally Posted by peat View Post
    but it is indubitably purchased to sell later at a profit so all realised gains are taxable. (because there is NO yield to produce income)
    You could not be more wrong on the yield part. Sheesh

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