Forum Archive Index - July 2002

[nickk@quicksilver.net.nz]

Snoopy

Thank you to you too!

I haven't signed the papers yet.  Time to rethink methinks!

Nk

tennyson@caverock.net.nz writes:

> 
> >
> > 
> >Thank you Lippy et al
> > 
> >I sold all but one - a Gold stock.
> > 
> >Europe is chaos overnight. 
> > 
> >I am all but cashed up now waiting for the dust to settle.  
> >
> >
> 
> 'Chaos' in Europe equates to a 7.36% gain since on my conservatively 
> structured income portfolio in the 'Stock Guru Competition', here in 
> NZ.  Sure it's been a rough week, but taking a medium term view makes 
> the overall effect seem far from bad.   And 7.36%, even if I make no 
> more gains for the rest of the year,  would compare quite favourably 
> with what you can get at the bank Nick, I would think.
> 
> >
> >
> >I even changed my superannuation savings portfolio 
> >from international shares to nz fixed interest.
> >
> >
> 
> 
> I hope you realize what you have done Nick.  It is all very well 
> turning in your trading shares and sitting on cash.  
> 
> But putting your superannuation portfolio into 'nz fixed interest' is 
> in no way an equivalent thing to do.  An NZ fixed interest fund means 
> you are invested in 'bonds'.  Bonds are not a capital stable product. 
> Bonds will suffer a capital loss if the reserve Bank Governor 
> raises interest rates this week.   I am sorry that this warning has 
> come too late for you.  If it is any consolation I have made exactly 
> the same mistake myself in the past.  Bonds are something to invest 
> in when interest rates are falling, not when they are rising!
> 
> SNOOPY
> 
> 
> 
> ---------------------------------
> Message sent by Snoopy 
> e-mail  tennyson@caverock.net.nz
> on Pegasus Mail version 2.55
> ----------------------------------
> "Q: If you call a dog tail a leg, how many legs does a dog have?"
> "A: Four.  Calling a tail a leg doesn't make it a leg."
> 
> 
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