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Thread ID: 88695	2008-04-06 00:09:00	Investments - what would you do?	Greg (193)	PC World Chat

Post ID	Timestamp	Content	User
656314	2008-04-07 02:32:00	... I mean, NZ ITSELF sold its banks to the Aussies, its not like they came over and took them over by force. Now people realize it was a mistake and cant bloody stop whinging about it... Ok, selling our banks to the Aussies was a mistake. So a NZ owned bank is better for us, you would agree?	rumpty (2863)
656315	2008-04-07 02:53:00	Greg - diversity is the key to investment so split the money up . The safest is Government stock, then bank deposits, then AAA rated bonds . After that there are bluechip shares and the safest way (boring but safeish) to invest is to buy an Index fund . Personally I'd suggest forget NZ and buy a Mozzy fund in Australian shares . Its run by the NZ Exchange, low fees, listed in NZ, Australia over decades has a far stronger economy than NZ . So - two term deposits of $10,000 each in a bank (look at Southland Building Society too), $15,000 in a couple of AAA bonds (ANZ or BNZ have a new offer near 10% return, also South Canterbury Finance - extremely strong company) and split the remaining $15,000 between a couple of Mozzy funds . If you are nervous about shares, forget Mozzy and just buy bonds .	Winston001 (3612)
656316	2008-04-07 02:54:00	Ok, selling our banks to the Aussies was a mistake. So a NZ owned bank is better for us, you would agree? I mean better how? Ultimately, it doesn't matter what nationality the bank is, its how they operate and what their procedures are. US banks go down, UK banks go down, Aussie banks go down, can't see why it couldn't happen to a NZ bank. PCteck: Stupid bank because of its ads.	beeswax34 (63)
656317	2008-04-07 03:01:00	This deserves its own post . I suggest you contact Chris Lee http://www . chrislee . co . nz/ for advice and to make the investments . I've never met him or used him but have received sound sensible investment advice through newsletters for 18 months . Pity I hadn't taken it . . . . :mad: Anybody can read his information without paying him a cent . That is rare . Apart from Chris Lee, ABN Amro Craigs are conservative investment advisors IMHO .	Winston001 (3612)
656318	2008-04-07 03:15:00	I mean better how? Ultimately, it doesn't matter what nationality the bank is, its how they operate and what their procedures are. US banks go down, UK banks go down, Aussie banks go down, can't see why it couldn't happen to a NZ bank. PCteck: Stupid bank because of its ads. Yes, in theory it could fail, beeswax... As I recall, Kiwibank was not officially government guaranteed when it was created. But remembering it's background (strongly promoted by MP Jim Anderton) & the way it's been promoted patriotically, I can't see any political party here refusing to bail it out if that became necessary. It would be political suicide.	Laura (43)
656319	2008-04-07 03:27:00	Only posted yesterday and all this advice!!!!!!!!!!!!!! Not a Disclosure Statement in sight. I wonder how fast some of these guys would disappear if you took their advice, lost all your money and then sued them for the advice they offered you. Get advice from a professional, don't invest in finance companies (without getting a risk assessment and understanding it) or property companies (without understanding what you are investing in). Make sure you get a Disclosure Statement from your professional and make sure that he understands your requirements and that he does a Risk Analysis of the investments he recommends. However 3 years is pretty short term so your opportunities will be somewhat limited. Good luck.	theother1 (3573)
656320	2008-04-07 04:55:00	T ABN Amro Craigs are conservative investment advisors IMHO. Have used their services before. They have good trading rates.	vitalstatistix (9182)
656321	2008-04-07 05:04:00	Only posted yesterday and all this advice!!!!!!!!!!!!!! Not a Disclosure Statement in sight. I wonder how fast some of these guys would disappear if you took their advice, lost all your money and then sued them for the advice they offered you. Get advice from a professional, don't invest in finance companies (without getting a risk assessment and understanding it) or property companies (without understanding what you are investing in). Make sure you get a Disclosure Statement from your professional and make sure that he understands your requirements and that he does a Risk Analysis of the investments he recommends. However 3 years is pretty short term so your opportunities will be somewhat limited. Good luck. WTH would we need to put disclosure statements in? We're not getting any commission based on what Greg does. He asked a question and we gave him an honest opinion. Do you add a disclosure everytime someone asks you a question?	beeswax34 (63)
656322	2008-04-07 06:54:00	I've disclosed in the past that I am on drugs (pain-killers, really) and anything I say is suspect and possibly wrong on matters of romance, politics and investments. Most anything else is spot on though. So there!	SurferJoe46 (51)
656323	2008-04-07 06:59:00	Oh please. You just can't help yourself. As if America is the world, just because Americans think so. The world didn't end because Rome conquered Israel and it sure isn't going to because Americas turn at being a bully, oh sorry, the boss is ending. Serves them all right. All the big businesses want people to buy their stuff for high prices and make them for low prices, but they don't want to pay the workers for it, well what do you expect? Suddenly all those workers can't afford anything. So much for capitalism. Theres no need to get all religious about it. Well said PC,though you didn't mention the alternative to capitalism!.	Cicero (40)
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