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It looks like a very risky long term portfolio. They might live for another 40 years. Having it all invested in NZ is a risky strategy. What happens to expenses if the $NZ drops in half? You do not even have any exporters that would benefit from the fall. If China or USA sneeze, foot and mouth comes here, tourism drops,there is a big quake in Wellington or Rangi blows, fake milk and/or meat take off our economy would be very prone to tanking, taking the entire portfolio with it.The electricity companies are on super high PEs and paying high dividends by eating the future. Technological changes could threaten both the electricity companies and Z. Online shopping is already killing property companies overseas. Diversification isn't buying baked beans from three different companies
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Arthur - Why don't you post what you recommend then ?
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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Originally Posted by percy
Govt Super $491.52 net each a fortnight.
No mortgage.
Last power bill [solely electric] $104.65
Plus a tax fund each year.
All declarable dividends are taxed at 33c/$ and your super is at 30c/$.And income splitting.
But then you may be share trader which changes things.
Last edited by 777; 09-01-2019 at 05:10 PM.
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Originally Posted by 777
Plus a tax fund each year.
All declarable dividends are taxed at 33c/$ and your super is at 30c/$.And income splitting.
But then you may be share trader which changes things.
Share investor's portfolio.
No share trading.
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Originally Posted by Arthur
It looks like a very risky long term portfolio. They might live for another 40 years. Having it all invested in NZ is a risky strategy. What happens to expenses if the $NZ drops in half? You do not even have any exporters that would benefit from the fall. If China or USA sneeze, foot and mouth comes here, tourism drops,there is a big quake in Wellington or Rangi blows, fake milk and/or meat take off our economy would be very prone to tanking, taking the entire portfolio with it.The electricity companies are on super high PEs and paying high dividends by eating the future. Technological changes could threaten both the electricity companies and Z. Online shopping is already killing property companies overseas. Diversification isn't buying baked beans from three different companies
Investing in USA is dangerous should you die.A NZder trying to get shares out of probate is near impossible,and is the reason I sold US shares a number of years ago.
My largest undisclosed shareholding is an exporter.
I have already survived a few earthquakes,and more do not concern me.
Yes the electricity companies will go gang busters with electric cars..
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Junior Member
I really appreciate the detailed response to Beagles excellent hypothetical question.
I'm 66,house and no debt, a reasonable amount of savings, still enjoy working,I have one very high risk investment,plus a small
passive income. I am going through this exercise at present.....for me deciding on the Portfolio Strategy is the hard part.
At present I'm out of the market and sitting on TD's
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Member
I hold bonds in IFT, KCFHA, MCY and ZEL. I also hold shares in AIR,CEN,GNE,IFT,KPG,NZR and ZEL. Also hold about $40K cash
It's taken me a while to get this mix and maybe I should have MEL instead of GNE and perhaps some HGH. We're in our early to mid 70's and overall I'd say it's pretty defensive and seems to suit our needs. I sometimes wonder if I should cash out some share growth but knowing it's there is a sort of insurance if needed.
A quote attributed to Margaret Thatcher goes along the lines of
"The problem with socialism is that eventually you run out of other people's money."
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Originally Posted by percy
Investing in USA is dangerous should you die.A NZder trying to get shares out of probate is near impossible,and is the reason I sold US shares a number of years ago.
My largest undisclosed shareholding is an exporter.
I have already survived a few earthquakes,and more do not concern me.
Yes the electricity companies will go gang busters with electric cars..
Tesla's business model is solar, powerwall, car with no middleman. Not there yet obviously, but it does not take much of an oversupply of electricity and the power companies could be stranded assets. Not a basket I'd have all of my retirements eggs in. Personally I use a variety of fund managers for my overseas exposure. I have a few token ETFs, but have found my active managers worth the money. It would be worth talking with a few independent AFAs (authorised financial advisers) about their ideas.
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Originally Posted by Arthur
Tesla's business model is solar, powerwall, car with no middleman. Not there yet obviously, but it does not take much of an oversupply of electricity and the power companies could be stranded assets. Not a basket I'd have all of my retirements eggs in. Personally I use a variety of fund managers for my overseas exposure. I have a few token ETFs, but have found my active managers worth the money. It would be worth talking with a few independent AFAs (authorised financial advisers) about their ideas.
I have never used a fund manager.Never will.
ps.I am a very successful investor.
Last edited by percy; 09-01-2019 at 06:20 PM.
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Originally Posted by Waiuta
I hold bonds in IFT, KCFHA, MCY and ZEL. I also hold shares in AIR,CEN,GNE,IFT,KPG,NZR and ZEL. Also hold about $40K cash
It's taken me a while to get this mix and maybe I should have MEL instead of GNE and perhaps some HGH. We're in our early to mid 70's and overall I'd say it's pretty defensive and seems to suit our needs. I sometimes wonder if I should cash out some share growth but knowing it's there is a sort of insurance if needed.
Looks pretty good to me.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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