Black Monday

[mike2020]

Thanks. I am thinking maybe 1 percent of portfolio max.

[kiwical]

If as a total newbie I wanted to dip a toe in on these, how to do? Is there an ETF on either the ASX or NZX?

I purchased the Valkyrie bitcoin fund (BRRR) soon after launch via sharesies. Has done really well. In fact I sold half the other day to take some profit. I liked this one because they offered a "no fees" subscription for a few months to tempt buyers. Fees are 0.4% normally which is one of the lowest in the bitcoin eft space.

[bull....]

Westpac senior economist Satish Ranchhod described the retail spending as "weak" and he said the 1.8% fall in February "was an even deeper fall than we had expected

https://www.interest.co.nz/business/...ed-18-february

must be all buying at temu

[bull....]

Consumer spending 'tanks' as Kiwis put their cards away

https://www.newshub.co.nz/home/money...ards-away.html

full on recession , no wonder stockmarket going no where

[winner69]

When’s US CPI print due bull?

[bull....]

When’s US CPI print due bull?

lost your glasses again winner

Consumer prices rose 0.4% in February and 3.2% from a year ago


https://www.cnbc.com/2024/03/12/cpi-...ary-2024-.html

bitcoing and gold loved it but i still believe the fed is on track


2024 is the year of the rate cut pivot — here’s when the world’s central banks will budge

https://www.cnbc.com/2024/03/13/when...s-in-2024.html

guestimate obviously

[bull....]

Wow

Forsyth Barr sees a light at the end of the tunnel after ‘worst year on record’ for NZX-listed companies


New Zealand’s benchmark stock index closed on Wednesday at virtually the same level it was at before the pandemic struck more than four years ago

It has climbed just 1% in the past year and is unchanged from the same period two years ago

The stocks which make up the S&P/NZX 50 index have underperformed a global index of stocks by roughly 40% since 2020, the worst result since the market crash in 1987

https://www.interest.co.nz/economy/1...sted-companies


ill add In the meantime

sp500 is up nearly 60% last 4 yrs

[Toddy]

Worst year on record. Repeat over and over.

Surely this should be ringing alarm bells down at the NZX.

Is it time to have a real debate about killing off the NZX and moving everything to Australia.

The real issue here is the lack of capital and liquidity on the NZX.

Time to consider that 'the light at the end of tunnel' is just not good enough.

[mike2020]

When everyone was feeling the wealth affect people were all over sharesies and the like. I bet to a large extent TDs have captured a lot of available funds the last 18 months. And look at the star performers of old. SLM. PGW. HGH. RYM. Add what you like.
At least people are not visibly shorting the nzx to death. Careful what you wish for.

[Aaron]

New Zealand’s benchmark stock index closed on Wednesday at virtually the same level it was at before the pandemic struck more than four years ago

[/SIZE]

The pandemic was around the March 2020 crash so is this the NZX all index or NZX 50? Both appear to be slightly ahead of the March 2020 lows, but I guess this is in nominal terms.

Good news if you thought you had missed the March 2020 investment opportunity of a life time as I notice quite a few shares back to close to their March 2020 lows.

I think sharesies recorded their highest ever daily turnover the other day. I guess this included overseas companies as well as the NZX.