Seen the financial pages?

[Big Dave]

Days like today make me glad I pee all my money on motorcycles and hedonism and not stocks.

[The Pastor]

spill the beans for us poor niggas who cant read

[Steam]

NZ sharemarket slid by 4%.

SHOCK! HORROR! INVESTORS JUMP FROM HIGH BUILDINGS!

If you care about stocks, you don't have enough of your money invested in appreciating classic bikes and cars. (as opposed to depreciating in value.)

[Ixion]

US economy is down the dunny and our share market has sympathy pains.

Lots of investors have lost lots of money that was never there in the first place and now only have what they had in October last year.

Which apparently classes as a Big Problem. meanwhile the workers never had any more than they had in October, but no-one cares about them, do they.

Plays havoc with my Gene-o-Kleen ("evolution you can see") shares.

Fortunately, there's a never ending supply of new squidlings coming along all the time.

[James Deuce]

UK dropped 5% off the FTSE overnight.

NZ dollar slipping against other currencies due to high interest rates.

US Stock Market not too bad as the NYSE is on holiday. However US dollar slipping in value due to debt liability.

[RC1]

[QUOTE=Steam;1391678]NZ market slid by 4 %./QUOTE]

so nothing important then :calm:

[Swoop]

I would like to see more people getting into stocks.

Preferably when they are outside the town hall when a large crowd has gathered with their rotten food and a strong throwing arm...

[jrandom]

Ho hum.

People invest in companies they know nothing about and sell chunks of those companies to each other based on hearsay and whim.

We shouldn't really be giving a fuck if those people have collective panic attacks and start flailing all over the place with the prices they're buying and selling for.

Back in the real world, the companies are still generating value and selling it to consumers. Life ticks along. The banks lend more money, the banks lend less money, numbers on computers add and subtract, but in the end all that really matters is wheat, oil, steel and human stupidity.

[Harry33]

Stock markets are just another form of gambling anyway. Better to work for a living.

[Tank]

NZ sharemarket slid by 4%.

SHOCK! HORROR! INVESTORS JUMP FROM HIGH BUILDINGS!



I think that its not the 4% that matters - just the fact that its the 14th day straight that stocks have fallen.

Well - at least the g'ment guaranteed our Kiwisaver investments so they wont be impacted by a huge global slowdown and US lead recession.

they did get around to that didn't they???

[tri boy]

Nothing like a bit of US financial trouble to put the world markets into a spin.
Sit on the sidelines for a few weeks, and pick up some bargains.

Buy on a low.

Sell on the high.
Simple really.

Turbulent next six months.It only becomes "Real" loses if you yield to market fear.(saying that, I'd hate to be in my 70's watching my investment funds tank out, but they shouldn't be in that deep at that age). MHO

[Tank]

.

Buy on a low.

Sell on the high.
Simple really.


Yeah - the trick is knowing when the High is and when the low is.

Thats a bit harder.

[tri boy]

If you care about stocks, you don't have enough of your money invested in appreciating classic bikes and cars. (as opposed to depreciating in value.)

Shares bought my Scrambler. Cash in pocket.:yes:

[SPman]

Ho hum.

....but in the end all that really matters is wheat, oil, steel and human stupidity.

Hmmm....W.A...... lots of wheat, some oil, lots of iron ore, and bucket loads of human stupidity!
Must be in the right place, then!

[tri boy]

Finding the true bottom of the market isn't that important.
Better to see it settle first, (and maybe miss a few dollars in value) but be in a better state of mind before dipping your toe back in the water.

Kiwi's have a massive fear of the market, (thanks to the dicks running it in the 80's), but I prefer to help my retirement, than think a massive super fund has your welfare at heart.
Saying that, the word for the day is




Diversification.:cool:

[Coldrider]

Yep, nothing like a correction to put the $NZ where it belongs, interest rates can slide down real fast like they did post '87 crash, 16% to 21% for motrgages.

[tri boy]

Hmmm....W.A...... lots of wheat, some oil, lots of iron ore, and bucket loads of human stupidity!
Must be in the right place, then!

WA will continue to be one of the sthern hemisphere's "Darlings" for the next ten years at least.
That and parts of sth America.

[Rosie]

Sit on the sidelines for a few weeks, and pick up some bargains.

Buy on a low.

Sell on the high.
Simple really.

I just sent in my Kiwisaver application, and now all the shares are on sale! :2thumbsup

[limbimtimwim]

SJ_qK4g6ntM

[ManDownUnder]

UK dropped 5% off the FTSE overnight.

Shite - another 19 days at this rate and they'll be worthless!

[Coldrider]

has petrol skyrocketed up yet ?

[limbimtimwim]

axAjb6fDsPY

[bane]

Actually the NZ share market staged a "huge" recovery this sarvo to only be down 1.2% - seems people cant resist what looks to be the odd share bargain.

NZ $ is sliding due to overseas investors getting out of "risky" currencies (i.e NZ and Aus). Once the turmoil settles, and if our interest rates stay high, the dollar will head back up again.

Oh and your house value will be the next thing to slide.


Spend it all on ya bike - at least you'll get some enjoyment out of your money.

[oldrider]

Those U-Tube skits were bloody funny and so applicable to today's situation! Clever stuff.

We do what we have to do with our money and diversify enough to cover the risks.

Sometimes we win and sometime we lose, them's the breaks.

It's really no different than playing the pokies in my opinion.

You are guaranteed to lose if you do nothing and there is a smidgen of a chance you may win, or breakeven, if you do, do something.

What that something is, is anybodies guess but whatever, stay :calm:, it's too late to change course now.

Helen Clark will form a new fourth term Labour government later this year, put your money on that, it will be a safe bet, watch this space! :weep: John.