Which Kiwisavers do you rate?

[Crypto Crude]

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.

Oh can you fill us in please, what's happening?
Is buffet fully invested?

.^sc

[SBQ]

Oh can you fill us in please, what's happening?
Is buffet fully invested?

.^sc

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.