sharetrader
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  1. #11
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    Join Date
    May 2013
    Location
    NZ
    Posts
    4,276

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    I have my Kiwi Saver in cash as well. 5% plus return isn't bad short term in the current environment. I have already made 11% in the first 3 months of the year before switching. With all the gyrations around the world with the global reset on interest rates I am sitting, waiting for s pullback. My downside or lost opportunity is probably very little.

    I also trade other money so it's not like I'm not exposed to the market and holding money back looking for opportunities. Too many times I have been over invested and missed out on huge opportunities of buying in after massive pullbacks.
    Last edited by Daytr; 07-06-2023 at 06:19 AM.

  2. #12
    Advanced Member Valuegrowth's Avatar
    Join Date
    Jun 2013
    Posts
    1,895

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    I have experience in all settings. People have urgent needs. In two occasions, I was in real trouble by not keeping some cash. Long term investment is not an easy task. For me to consider long term investment, at least I should have some knowledge about the industry and companies that I am going to invest. Once I follow nearly 10 to 15 years on any industry or commodity, then I am comfortable with taking positions on them. Also if we pick 5 stocks, we aren't going to get same return from all stocks.


    Last edited by Valuegrowth; 08-06-2023 at 05:56 PM.

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