Forum Archive Index - June 2001

[Morton John <John.Morton@tetrapak.com>]

Agree with Black Sache's positive comments on investing at home in NZ.
Trouble is I've held this view for the last 8 years and have been 70%
invested in NZ with a balanced portfolio for that period. I have not done
the detailed analysis, but feel that I've missed out on some good returns
overseas (have also missed the technology bust cycle). The past does not
dictate the future - I'm also feeling bullish about NZ markets and recovery
of the NZ Dollar and will stay invested in NZ.

Is there anywhere to look up past returns (capital gains plus dividends) for
individual NZ equities over the last ten years without having to dig out all
that paperwork?

John M.


-----Original Message-----
From: hugh webber [mailto:hugh.webber@clear.net.nz]
Sent: Tuesday, June 19, 2001 3:58 PM
To: sharechat@sharechat.co.nz
Subject: Re: [sharechat] Rivkin Report


An even better suggestion - read Buffetology by Mary Buffett and do it
yourself.
I'm not quite sure why this and one or two recent posts have this lemming
like
rush overseas. Anywhere overseas regardless of the fundamental value.
The gross yield %'s and P/E's in NZ are the world beaters. The dollar
pundits
are still picking the NZ dollar to go up (altho it would be better for the
NZ 
economy if we stayed down).
Why invest overseas and lose when one can invest in NZ and win?

----------
> From: Black Sache <blacksache@hotmail.com>
> To: sharechat@sharechat.co.nz
> Subject: Re: [sharechat] Rivkin Report
> Date: Tuesday, 19 June 2001 17:24
> 
> As a newby to the Australian sharemarket I was interested in Rene
Rivken's 
> Australian sharemarket report. After being suckered into paying the $500 
> through his late night info-mercial hosted by chief American TV scam
artist 
> Mr Trudeau I started receiving Rivken's Report.
> 
> Armed with my small but modest savings of $10,000 I bought into three of 
> Rene's recommendations. They are for those interested, Pasminco (PAS),
NRMA 
> (NRM, and Orica (ORI). As it stands today PAS was recommended a sell by 
> Rivken after diving from the 90c buying recommendation to 23c sell. A
loss 
> of over $2000 of my hard earned savings. Orica, recommended a buy by
Rivken 
> around $5.75 is now trading at $4.05, again as it stands a loss. And
lastly 
> NRMA originally recommended a buy at $3 is the only joy with current
market 
> value at $3.15.
> 
> So, my experience with the report is not a positive one with a current
loss 
> of around 30% excluding the cost of subscription. Some investment that
was.
> 
> Some of his recommendations are up however they are very few. It has been
a 
> tough time for the ASX and the Australian economy in general so this
would 
> have something to do with Rene's performance.
> 
> Now 12 months later it is time to re-subscribe, I don't think so!
> 
> Time to cut losses and maybe trust a managed fund instead.
> 
> I am interested in hearing other peoples experience with Rene's report,
in 
> particular, subscribers prior to the last 12 months.
> 
> I did find his methodology informing and his approach interesting to read

> but it may have been more worth while buying his book to get this.
> _________________________________________________________________________
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> 
> 
>
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