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Re: [sharechat] NZ super scheme?


From: "hyperion" <hyperion@ihug.co.nz>
Date: Fri, 17 Mar 2000 17:40:06 +1300


Yeah you said it pal!

----- Original Message -----
From: ritchie marr <ritchie_marr@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Friday, March 17, 2000 12:48 PM
Subject: Re: [sharechat] NZ super scheme?


> As I understood it, a large part of the reason that the Australian market
is
> doing so well is because of their introduction of compulsory
superanuation,
> a while back. The massive amount of money generated from contributions had
> to be put somewhere and what better place than into growth and value
> companies in their own market. The advantage is that this is not like
> overseas investors who bring in one big lump sum, but rather a continuous
> regular flow of substantial proportions. Prices will reach an equilibrium
at
> some point, but the nature of the money going into these stocks is so long
> term that you won't see a mass exodus of funds going out when appropriate
> corrections on different markets occur, simply because they are in for the
> long haul. Yet when corrections do occur, there is the vast sums of money
> resulting from regular contributions pouring in to the market to buy even
> more of these now undervalued stocks, so the corrections are halted and
> reversed very quickly.
>
> Now if OUR government were to address the compulsory superanuation issue
> again, with obviously a more appealing approach than the last
empt...( 
> such as was done with the insurance situation; having a lot better range of 
> choices ), then the NZ market would not only find itself again, but with the 
> increase of locally influenced interest, overseas investors would come back 
> into our market, as it would have to be in that situation one of the fastest 
> growing markets by value in the world, due to how low we are now.
> Just a thought!
> Ritchie
> 
> 
> 
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