Loving this market correction - have been waiting for it to happen for over two-years now. For you non-shareholders, you should be starting to read up on companies and markets and look at putting some money in - these corrections only come round every 20 or so years and provides a perfect opportunity to get in. No rush though I'm sure there will be more pain to be had, but some sectors will bounce back quicker than others. First step is to open that brokerage account.
My advice is make the investments directly into the markets yourself - none of these investment funds/unit trusts - they rarely beat the indexes and charge you large fees for the privilege. If you not sure which individual share to buy then look at Exchange Traded Funds (ETFs). The management fee is low and allows you to invest in industries or countries that are otherwise too difficult to access.
I'm totally jealous that I won't be around to ride this one.
Showing posts with label Just Plain Stupid. Show all posts
Showing posts with label Just Plain Stupid. Show all posts
Thursday, 18 September 2008
Monday, 7 July 2008
Yet another limp wristed policy from National
I thought I was going to have to praise the National Party today. Not something I usually like doing and very rarely have any reason to either.
The NZ Herald sums it up like this:
Current law: Can be dismissed within a probationary period but can take a personal grievance claim if they believe the decision is unfair.
National's plan: Small businesses (with fewer than 20 workers) can dismiss a new staff member within 90 days, with no prospect of a personal grievance claim.
Now the thought behind this kind of policy is great for the marginal employee such as the unemployed, new migrants, the disabled or school leavers. It is this kind of employee that struggles the most to get on the first rung of the ladder. And given the numerous restrictions on employment and the existence of a minimum wage, the unemployed's chance of stepping onto that first rung is severely reduced and welfare becomes their lot. A situation that Labour for some reason just loves and since National sits shoulder-to-shoulder with Labour we expect National to come up with a limp-wristed policy such as this.
If National really wanted to make difference, it would remove all the limitations and restrictions on employment that they and Labour have forced upon the producers of this country, not waste our time with these silly half-arse rules that really will achieve nothing.
I bet within 91-days of this law being enacted there will be a court case where a fired employee will claim that they felt forced into the 90-day prohibition period and given the general lack of support for contract law by our severely impaired justice system, the employee will walk away with a fine sum of money. I see the next gravy chain in the making.
The NZ Herald sums it up like this:
Current law: Can be dismissed within a probationary period but can take a personal grievance claim if they believe the decision is unfair.
National's plan: Small businesses (with fewer than 20 workers) can dismiss a new staff member within 90 days, with no prospect of a personal grievance claim.
Now the thought behind this kind of policy is great for the marginal employee such as the unemployed, new migrants, the disabled or school leavers. It is this kind of employee that struggles the most to get on the first rung of the ladder. And given the numerous restrictions on employment and the existence of a minimum wage, the unemployed's chance of stepping onto that first rung is severely reduced and welfare becomes their lot. A situation that Labour for some reason just loves and since National sits shoulder-to-shoulder with Labour we expect National to come up with a limp-wristed policy such as this.
If National really wanted to make difference, it would remove all the limitations and restrictions on employment that they and Labour have forced upon the producers of this country, not waste our time with these silly half-arse rules that really will achieve nothing.
I bet within 91-days of this law being enacted there will be a court case where a fired employee will claim that they felt forced into the 90-day prohibition period and given the general lack of support for contract law by our severely impaired justice system, the employee will walk away with a fine sum of money. I see the next gravy chain in the making.
Friday, 25 April 2008
My apologies Mr Perigo
When I first started down the road of political enlightenment - nearly 15 years ago now - I had a conversation with Lindsay Perigo about the increasing taxes on cigarettes and alcohol. At the time Lindsay said that butter and coffee would be next. I inwardly scoffed (too scared to do this outwardly of course) and thought 'what is this guy on'? Made a comment to the effect that Nanny State would never get this out of line.Well it appears that I owe Mr Perigo a huge apology (bottle of red on it's way). It appears that I was totally ignorant of how far Nanny and her servants are prepared to go, in fact the controls are turning into a Tsunami - ready to swamp us and smash what remains of our freewill to death - I think it has become unstoppable.
Secretly I hope that Labour win a further term. Why? Because Labour will continue on, at an ever increasing rate, to take control of more and more facets of our lives. Maybe when we aren't allowed to freely eat butter and drink coffee, will the populous stand up in enough numbers and say fuck off. Cause at the moment they are just saying, 'please Mummy Clark, please tell me what to do, I am so useless and stupid I can't possibly manage on my own'.
More on this when I've calmed down - christ I'm pissed off - and most pissed of with those that voted for this. What the hell are you thinking - oh I forgot, thinking is just too hard for your poor wee brains. Don't panic just look over your shoulder - there's Nanny no need to think anymore.
Hat tip: Oswald Bastable.
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