Forum Archive Index - January 2002

["Richard Hooper" <hoop@ihug.co.nz>]

Hi Snoopy

G. Morgan has "grass greener on the otherside of the fence "syndrome....and
probably better returns on margins with overseas transactions...Don't u luv
these guys. A good reason to read Sharechat sites before a  novice starts
investing.
Hoop

----- Original Message -----
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, January 29, 2002 8:39 AM
Subject: Re: [sharechat] Charles Dickens & Donald Brash


> Hi capitalist, or should that be Gareth ;-),
>
> >With regard to savings, this from Gareth Morgan
>
> >
> >"Of course it's chicken and egg. If Kiwis make poor investment
> >decisions - like housing, forests, some farm types, uncompetitive
> >corporates - then personally they'll reap poor returns and overall
> >the performance of the economy will suffer."
> >
> >
>
> There are plenty of places on the NZSE where you don't have to invest
> in forestry or 'commodity type farm linked' investments.   It is
> foolish to invest in 'the economy' (like an index fund) when you can
> choose to only invest in the best parts of the economy.
>
> >
> >
> >"you might more rationally move your savings somewhere a bit less
> >risky. For your own sake and for the good of the country do the
> >latter. "
> >
> >
>
> Isn't this the same advice Morgan and others offered last year, which
> saw thousands of kiwis move their money 'off shore' only to be
> pummelled by the US market collapse and the associated fall out which
> swept much of the rest of the world?
>
> The current trend in the $NZ sees it rising. So it looks like
> those who invest overseas have not only the volatility of markets
> under the cloud of further financial uncertainty in Japan and the USA
> but also a very real currency risk to contend with.   I don't think
> Morgan has done his risk assessment properly. SNOOPY
>
>
>
>
>
> ---------------------------------
> Message sent by Snoopy
> e-mail  tennyson@caverock.net.nz
> on Pegasus Mail version 2.55
> ----------------------------------
> "Dogs have big tongues, so you can bet they don't
> bite them by accident"
>
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