Forum Archive Index - July 2001

["Geoff Brown" <brownz@xtra.co.nz>]

Hi Francis
 In a major meltdown not many assets would be safe before the 87 crash I
purchased some gold coins about $2500 and were stored in Gold Corps  safe
but after the share market crash a lot of their gold was missing and what
was left was grabbed by the receivers. So much for my little attempt to
protect ones assets. Now in a big melt down you have to be honest and say is
my job essential. Its all needs and wants.... you could draw up a list and
put say people selling BMW 's and luxury goods at the top to the market
gardener selling veges at the bottom.The ones at the top will be the first
to be with out a job  and the ones on the bottom the last .In the US and to
a lesser extent the biggest growth of jobs has been in the service sector .
This can be linked to the growth of Money not only has the supply of money
increased but the speed that it circulates has increased.We can see this now
in NZ with a lot of couples working and with a higher number of women in the
workforce..... people haven't time to cook and it is easy to see why we
spend money to save us time .In a depression the opposite is true... we will
have plenty of time.. but no money.So the best way to preserve your assets
is to have little or no debt .Keep away from offshore funds... as the crook
ones will only surface in a melt down .This sharechat has sone excellent
people giving advice on stocks.Set your self a strategy... say( I will
invest say 10% of  my savings in the share market )follow one of the
sharechat contributors that gives best advice ....or should I say it insider
tips.
I am still at 2 minds what will happen to the NZ market over the next 12
months. If the US market can start to grow then NZ market will Boom. At the
start of a boom people will have money in their pockets and the retailing
sector would be the first to benefit The next will be the housing and
construction sector.With my self most of my money will be paying of debt put
I will be putting some into the sharemarket mainly as an attempt to get a
better interest rate. The shares I like at the moment areContact energy and
Restaurant Brands and I might have a punt on Fletcher Forests. My investment
philosophy is a combination of the following sayings:
Attach from a position you can defend....

When everybody is running ....walk ..and when everybody is walking ...run

And from George Soros.. get on to a trend and push it




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