Black Monday

[kiora]

So NZ housing will contract ahead and NZX stocks market cap shud go up . That figure total stock market cap / GDP ...also shows poor retail participation ...thus pathway to growth ahead as more and more retail participants bring their money into stocks ...also with NZ rental vs Stocks now firmly in favour of stocks for first time NZ ...it shud help improve depth of our markets ...lastly Kiwisavers doing their bit to add to local stocks too

Only a limited amount of Kiwisaver (<40% ?) is invested in NZ
https://www.rbnz.govt.nz/statistics/...sets-by-sector

[alokdhir]

Only a limited amount of Kiwisaver (<40% ?) is invested in NZ
https://www.rbnz.govt.nz/statistics/...sets-by-sector

Still its better then before ...I know they do worldwide investing but some part does come to NZ stocks and everything helps !

[SailorRob]

Still its better then before ...I know they do worldwide investing but some part does come to NZ stocks and everything helps !

It hurts if it drives up prices.

[ValueNZ]

Rich countries are those whose governments have policies which encourage the essential creativity of man who in order to succeed must work with others to produce goods and services which people choose to buy.

I agree. The way incentive structures are set up in society are very important in order to be prosperous. Unfortunately there exist many perverse incentives in New Zealand which will limit our growth over the long run.

[Valuegrowth]

Boring is beautiful .

https://www.forbes.com/sites/baldwin/2023/03/28/how-to-beat-the-market-with-boring-stocks/?sh=1ebc8a8f3f9b

[bull....]

mentioned couple days ago be good if we had market consolidate , so far so good. might be holding pattern for big week next week
CPI , FED Meeting

[Valuegrowth]

Going forward there can be more and more tech sell-off. Overvalued assets haven't adjusted to reasonable value yet.Time has come for me to hunt undervalued, overlooked stocks(tomorrow's darlings)?

[Fortunecookie]

Going forward there can be more and more tech sell-off. Overvalued assets haven't adjusted to reasonable value yet.

I'm curious how you define value. Tech stocks typically incorporate plenty of growth in their valuations. So when you say value, are you talking no growth, lower growth or strictly hard assets.

[SailorRob]

NZ market exactly where it was 4 years ago...

[alokdhir]

NZ market exactly where it was 4 years ago...

That tells a lot about country and its economic state ...Govt shud wake up to bring some real growth in economy which will eventually help companies grow .

But on another thought ...it maybe to due to the fact also that most of the index is low growth companies ...people like dividends here ( though included in levels ) but main point is we have a dearth of real growth companies like MFT and FPH ...

But after a long inflation fight ...market will readjust to much higher levels ahead ...just to compensate for the new inflated prices of everything from replacement costs to inflated revenues etc .

Look forward to 25-50% upmroves in next 2-5 years for this adjustments