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How's people's kiwisavers doing last few days...?
.^sc
BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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 Originally Posted by Shrewd Crude
How's people's kiwisavers doing last few days...?
.^sc
The more compelling issue is, are those managed fund patient enough to accumulate cash to take advantage of this week's crash? In prior years analysts were critical of Buffet hoarding too much cash in Berkshire - now around $130B. Now the table has turned around so we will see who will win.
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BITCOIN certified rat poop. NSA created, Expensive to send, slow, can only trade on cex, no autonomy, spaghetti code, has been hacked, accidental Backdoor brc20s whoops, no one building on it, alienated all cryptos against it, volume is fake, few whales control large supply... it will perform though
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Originally Posted by Shrewd Crude
Oh can you fill us in please, what's happening?
Is buffet fully invested?
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Buffet is always secret on his purchases and acquisitions. The question I want to know is which Kiwi Saver funds had the patience to ACCUMULATE CASH to invest in this share market crash we're seeing now??? You will find out that's not how they operate. Your weekly pay a wee portion is deducted to Kiwi Saver and those funds directly buy the market. They don't operate how Buffet would do and they certainly can't broker deals in times of crisis. But they do know how to sell on you with their fancy investment prospectus. Have a look at Berkshire Hathaway's annual report... printing on plain paper. no fancy pictures, just words in black and white and the hard truth and the bad truth.
But the biggest loss with Kiwi Saver I would say is the NZD / USD exchange rate exposure (and that's if investors choose to invest abroad). This crash we're seeing now i'm quite certain a lot of NZ companies will go bust and will never come back. Some will take the NZ bail out $ and disappear. Always put things in perspective. NZ gov't today giving a $900 Million bail out to AirNZ. Work those figures out, for a population of 4.5M people... the NZ forestry industry has their hand out.. Fontera would be soon, the list goes on. NZ gov't simply does not have the fiscal funding like larger economies such as the USA.
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Originally Posted by Shrewd Crude
How's people's kiwisavers doing last few days...?
.^sc
I read a few articles at the end of last year trying to get people to put their kiwisaver into high growth finds investing rather than leaving it in conservative default funds. It is time to read the disclaimer post scripts now.
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Originally Posted by Bjauck
I read a few articles at the end of last year trying to get people to put their kiwisaver into high growth finds investing rather than leaving it in conservative default funds. It is time to read the disclaimer post scripts now.
Moved into conservative 4-5 months ago. Down little under 3% to date. Growth funds down 13%+.
No doubt values are supported by current FX rates and weakness in the NZD.
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