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  1. #21
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    Quote Originally Posted by ratkin View Post
    Are you concerned about the safety of your cash? I am a little, do not trust the banks to hold up
    If it gets to that point we will all be toast.

  2. #22
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    Hopefully the problem is over by April.

    farming

    Coronavirus: 'Business as usual'

    Stuff

    A spokesman for Zespri said New Zealand-grown kiwifruit was not scheduled to arrive in China until April and it had only a small amount of Italian-grown fruit left to sell.

    "Zespri's intention remains to deliver the season as planned, though we are carrying out prudent scenario planning should the significant disruption in China continue," he said.

    About 25 per cent of New Zealand kiwifruit is exported to China, making it Zespri's second-largest export market after the European Union.

    The company employs about 70 people in China and all were working from home while its office there remained closed.

  3. #23
    Hunting for more dog food Beagle's Avatar
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    Quote Originally Posted by ratkin View Post
    Are you concerned about the safety of your cash? I am a little, do not trust the banks to hold up
    To be honest, if this thing morph's into a global pandemic then you are right to be concerned about whether banks are at risk in which case something like this could be a prudent course of action.

    https://debtmanagement.treasury.govt...onds-dec18.pdf 1% return though so one is certainly NOT investing for a return on their money but for the return of their money in due course. Possibly worth noting that early withdrawals are allowable in $1,000 increments but you will get no interest on any money withdrawn early. Maximum of $500K per term. If the storm gets really severe that looks like a good place to take refuge with some of one's money with Govt backing and early drip feed returns are possible to buy supplies for one's bolt hole, if you can buy them, (possibly best to have a decent stock of food that keeps well in one's home already), in case its gets really ugly.
    Last edited by Beagle; 08-02-2020 at 10:39 AM.
    No butts, hold no mutts, (unless they're the furry variety).

  4. #24
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    Quote Originally Posted by Beagle View Post
    Maybe its time for another picture to sum up my situation https://www.bing.com/images/search?v...t=0&vt=0&eim=1
    Love it!

    There are some upsides to the situation - notice how prices of beef and some seafood (crayfish, mussels and orange roughy) are dropping?

    Traveling and holidaying in NZ are getting more reasonable too.

  5. #25
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    Quote Originally Posted by ratkin View Post
    Are you concerned about the safety of your cash? I am a little, do not trust the banks to hold up
    I park my liquid money in three countries bank accounts with insurance, the closest one to here is Australian banks actually in Aussie.

  6. #26
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    Any commentary on potential impact on housing in particular, associated shares. For example repairs to flooded houses, building of new housing stock .... potential to be hindered due to disruption of the supply chain of building materials. Also in Austrailia and the rebuild / repair of fire damaged property. Or am I overthinking and drawing a long bow??

  7. #27
    FEAR n GREED JBmurc's Avatar
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    Is a worry this corona virus could lead us towards GFC 2.0 ... Huge business losses worldwide while billions in corporate debt will be impossible to refinance just look at the O&G sector

    With 70 percent of the world’s oil supply comes from fields discovered before 1970, and the bulk of that comes from 10 to 20 enormous fields. The pace of discoveries has slowed dramatically in the past decade. In fact, conventional oil production largely plateaued in 2005. Since then, U.S. shale and Canadian oil sands accounted for most of the new supply. But as the number of bankruptcies in the shale patch reveal, the new forms of oil are more costly to produce.

    And now because of the recent collapse in the oil price we are looking a Billions of write downs and many more Billions needed to keep this high cost of Oil production


    Have been continuing to Hold many of my ASX pick Gold focused companies AUD Gold $2350oz and rising (was like $1800oz a year ago) and a few O&G Nickel plays which have been sold down a few percent
    People don't have ideas, ideas have people

  8. #28
    Hunting for more dog food Beagle's Avatar
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    https://www.businessinsider.com/coro...0-2/?r=AU&IR=T Hopefully something like this really does work while we wait for a proper vaccine to be developed and none of this armageddon stuff happens. Prepare for the worst and hope and pray for the best.
    No butts, hold no mutts, (unless they're the furry variety).

  9. #29
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    Totally agree JB. Shale was hailed as a great success. Reality is its not that great. If the virus morfs into the black swan it's timing could not be worse.

  10. #30
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    Is this the new coronavirus thread? What happened to the other one?

  11. #31
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    Seems like it's only me that doesn't feel too nervous about this whole virus thing. That probably a bad thing, for me 😓

  12. #32
    Hunting for more dog food Beagle's Avatar
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    Quote Originally Posted by Lewylewylewy View Post
    Seems like it's only me that doesn't feel too nervous about this whole virus thing. That probably a bad thing, for me ��
    https://www.cnbc.com/2020/02/07/coro...t-updates.html
    No butts, hold no mutts, (unless they're the furry variety).

  13. #33
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    Quote Originally Posted by Lewylewylewy View Post
    Seems like it's only me that doesn't feel too nervous about this whole virus thing. That probably a bad thing, for me 
    I'm not too nervous, but will be a bit concerned on Thursday. Got to spend 3 days in Auckland Hospital.

  14. #34
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    Quote Originally Posted by see weed View Post
    I'm not too nervous, but will be a bit concerned on Thursday. Got to spend 3 days in Auckland Hospital.
    No worries there see weed.
    Last winter I visited a family member for several weeks at Northshore Hospital.
    Had to object when they moved someone with influenza into the 4 bed room.
    Coronavirus will not be allowed to spread in NZ(further more its not the season for viral spread)
    We live in the best country (in the extremely unlikely event that anyone with an infectious disease is moved near you object-it takes a few hours of same room contact to catch most virus,s)
    Last edited by fish; 08-02-2020 at 01:18 PM.

  15. #35
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    Quote Originally Posted by Southern_Belle View Post
    Any commentary on potential impact on housing in particular, associated shares. For example repairs to flooded houses, building of new housing stock .... potential to be hindered due to disruption of the supply chain of building materials. Also in Austrailia and the rebuild / repair of fire damaged property. Or am I overthinking and drawing a long bow??
    If we see a slowdown in the economy for an extended period we can expect to see all companies adversely affected. Eventually, however, there will be some attractive buying opportunities of good, beaten-down stocks.

  16. #36
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    Quote Originally Posted by macduffy View Post
    If we see a slowdown in the economy for an extended period we can expect to see all companies adversely affected. Eventually, however, there will be some attractive buying opportunities of good, beaten-down stocks.
    Those were my thoughts initially.However on reconsideration I decided only to sell part of my portfolio in NZ.I may be selling my 2 asx stocks next week however.

    Stocks I have held include Oceania and NZO.Stocks I have partly sold are mecury and Heartland.Stock sold was Air NZ.

  17. #37
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    Quote Originally Posted by fish View Post
    Those were my thoughts initially.However on reconsideration I decided only to sell part of my portfolio in NZ.I may be selling my 2 asx stocks next week however.

    Stocks I have held include Oceania and NZO.Stocks I have partly sold are mecury and Heartland.Stock sold was Air NZ.
    Just to clarify, fish. I don't intend, at this stage, to sell any stocks - just not buying until the situation settles.

  18. #38
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    Quote Originally Posted by fish View Post
    Those were my thoughts initially.However on reconsideration I decided only to sell part of my portfolio in NZ.I may be selling my 2 asx stocks next week however.

    Stocks I have held include Oceania and NZO.Stocks I have partly sold are mecury and Heartland.Stock sold was Air NZ.
    My only really substantial holdings are IFT and EBOs. With bits and pieces in SUM, WHS, NWF, GEN, SPK, CHO, AIA Not sure I can be bothered selling, mainly because have the hassle of what to do with the proceeds, and am not one to sell at the first sign of trouble, and believe in them for the long term.
    My style is more, adding to positions in time of weakness rather than selling. So a decent correction would be a double edged sword
    Last edited by ratkin; 08-02-2020 at 01:43 PM.

  19. #39
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    Here we go again...de javu...last year was trade war....housing collapse...2008 will happen again...etc...then the market kept going up and everyone were annoyed.....

  20. #40
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    On my BUY list - AIA, AIR and SKC - prices have not gone down to my Buy levels yet (orders are in the system and waiting) but matter of time imo.

    Stay clear of THL as the company jas structural issues.

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