Quote Originally Posted by stoploss View Post
SBQ, Stop changing the subject .How about answering my question about your bold statement ......
Hanover to the best of my knowledge wasn’t listed onthe NZX.
So be brave and admit , most NZX companies Don’t go bust .
Most of my Kiwisaver fund us in offshore equities ,so not propping up the NZX.
How is talking about investor sentiment about the NZX changing the subject? It's a clear fact in NZ that residential properties are the preferred investment and for most of them, they view listings on the NZX as either a scam or far too risky. So when I say "a bust" it's the general response by what 'people in NZ' think. Second, if the latter is not true, then why does the NZ gov't have to ram down Kiwi Saver? Apart from ASX listings, you are aware any share investment abroad attracts FIF at FDR at RWT rates on PAPER gains. But none of those Kiwi Saver funds ever advertise after tax returns on the portfolio.

The public says a horse with black and white stripes is a zebra... then it must be a zebra. You don't need to hear me back that proof when I say heaps of NZX listed companies go bust or to the lessor extent... yield minimal returns.