Black Monday

[bull....]

Attachment 11555

Two ways to interpret this

a lot of big well known funds haven played the bounce have been putting new shorts on would explain

[Entrep]

Sell in May and go away

[bull....]

Let people use KiwiSaver to repay debt, petitioner urges Parliament

https://www.stuff.co.nz/business/121...ges-parliament

financial literacy 101 , pay off debt before investing but kiwisaver different lol lets send you to the streets but least your still have kiwisaver when you retire

[Bjauck]

Sell in May and go away

I have just checked the NZX50 movements for the period 15th May - August 31st for the past ten years. Figures are approximate.

2010 Fell 4%
2011 Fell 7%
2012 Rose 4%
2013 Fell 1%
2014 Rose 1%
2015 Fell 4%
2016 Rose 7%
2017 Rose 5%
2018 Rose 6%
2019 Rose 5%

[dobby41]

I have just checked the NZX50 movements for the period 15th May - August 31st for the past ten years. Figures are approximate.

2010 Fell 4%
2011 Fell 7%
2012 Rose 4%
2013 Fell 1%
2014 Rose 1%
2015 Fell 4%
2016 Rose 7%
2017 Rose 5%
2018 Rose 6%
2019 Rose 5%

Maybe it only work in the Northern Hemisphere?
https://www.investopedia.com/terms/s...nd-go-away.asp

[Bjauck]

Maybe it only work in the Northern Hemisphere?
https://www.investopedia.com/terms/s...nd-go-away.asp

Definitely a Northern Hemisphere term that suits their extended Summer vacation period - As appropriate in NZ as Christmas lights and feasting and Easter spring revival? However down here we tend to follow the bigger country trends.

[Leftfield]

I have just checked the NZX50 movements for the period 15th May - August 31st for the past ten years. Figures are approximate.

2010 Fell 4%
2011 Fell 7%
2012 Rose 4%
2013 Fell 1%
2014 Rose 1%
2015 Fell 4%
2016 Rose 7%
2017 Rose 5%
2018 Rose 6%
2019 Rose 5%

Thanks for posting...... and timely reminder that selling out and leaving the market for a period is pretty risky. Remember the markets as measured by NZX50 or S&P etc are averaging machines.

Basing your strategy on the performance (TA/FA) of the individual shares/companies you hold, gives you have a better chance of outperforming the indexes or averages.

[Balance]

Thanks for posting...... and timely reminder that selling out and leaving the market for a period is pretty risky. Remember the markets as measured by NZX50 or S&P etc are averaging machines.

Basing your strategy on the performance (TA/FA) of the individual shares/companies you hold, gives you have a better chance of outperforming the indexes or averages.

Reminder too that NZX50 is not reflective of NZ economy but specific heavyweight stocks like ATM, FPH, AIA etc.

[Entrep]

Here we go

Attachment 11560

[Balance]

Good thing we live in a fake economy.

Whole western world actually - only one thing keeping their economies going - lots and lots of money printed out of thin air.

Don't fight the Fed.