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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 > > > > ______________________________________________________ > Get Your Private, Free Email at http://www.hotmail.com > > > -------------------------------------------------------------------- -------- > http://www.sharechat.co.nz/ New Zealand's home for market investors > To remove yourself from this list, please us the form at > http://www.sharechat.co.nz/forum.html. > ---------------------------------------------------------------------------- http://www.sharechat.co.nz/ New Zealand's home for market investors To remove yourself from this list, please us the form at http://www.sharechat.co.nz/forum.html.
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