Seen the financial pages?

[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!

[limbimtimwim]

[YOUTUBE]SJ_qK4g6ntM[/YOUTUBE]

[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]

[youtube]axAjb6fDsPY[/youtube]

[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 , 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! John.