Forum Archive Index - June 2001

["AXL" <gregsmcd@hotmail.com>]

Good on you David-I agree with everything that you say.

The sooner that NZers wake up to the FACT that shares will (over time)provide a much greater return than property investments the better for them.

The much higher every NZers standard of living will also be -as investment funds are funnelled into NZ businesses.

Most kiwis are still living in the past.Returns on property seemed massive over the last 30 or so years.THE FACTS-Average capital gain on residential houses-10%-Average inflation 8%.A 2% real return-Absolutely dismal !!!!

RISK-hell !!!...people have lost all their money on houses recently-eg.Buy a house in Auckland 5 years ago-178,000-deposit of 20,000......now having to sell after 5yrs-sell price-147,000-Losing all the capital plus lots more !!!!!-REAL STORY!!!!!

Give me yhe safety of good share picking anyday!!!!!!!!

REGARD ALL-even the property pumpers....