Forum Archive Index - January 2000

["hugh webber" <hugh.webber@clear.net.nz>]

before panic and hysteria totally take over doesn't it really depend what
your objectives are? 
Mine at the moment are to maximise my private fully tax imputed dividend
income and the situation is brilliant, nearly as good as Sept/Oct 1998. Now
is the time for a contrarian approach which paid off for me in a big way
1998 to 1999 with selected stocks. 
Why jump overboard, lose all your tax imputation credits and also subject
yourself to other unknown tax pitfalls like the one for BIL continuing
shareholders and do it just when the $NZ has slumped (which the economy
needs but the media can't seem to get their heads around - its a game the
Japanese have been playing for years, low yen good, high yen bad)  so that
there is a good chance that when you want to repatriate your capital the
$NZ is up again.
My approach maximises my tax free income and yoields good capital growth as
a by-product. (I see DB which was a good tax imputed yield stock has just
received a takeover proposal at something over a 25% premium).Why
concentrate exclusively on a risky capital gains approach and find you have
neither capital appreciation nor income flow? My way I don't even need to
worry abot the share price as long as they keep their dividends up and
growing and tax free.


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