Quote Originally Posted by Bjauck View Post
Xero is just one of a string of NZ companies ending up being foreign-owned or seeking better access to capital by moving off-shore.

The 1987 Share crash scared off many NZ boomers from share investment, the finance companies debacle and other factors have all already conspired to make non-real estate investment a poor relation to real estate investment in NZ.

Perhaps we we will have to settle for NZ to be an under-capitalised low-productivity foreign-owned economy (to greater extent) with very expensive real estate?
big banks have stitched up kiwisaver and now funds are trying to stitch up share investing. all about fee gathering. if 41% of nzx volume is mom an pops thats a lot more fees for funds if they skew the tax and alot less tax for the govt funny enough.