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Hi, it's Maxim here. This newsletter is read by 1978 people and I appreciate you being here too! I mainly write about personal wealth creation, Auckland property tips and NZX stock market insights. Today you will learn:

● Facebook Live - Top Mistakes NZ Investors Make When Buying & Selling Stocks
● Poll: What do You Think is the best Utilities Stock to Buy Today?
● How Does Diversification Protect You During The Market Crash?

● How to Ride the NZ Stock Market Roller Coaster in the COVID-19 Era
● Top 9 Rises & Falls Over the Last 7 Days (NZX Stock Market).


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Facebook Live - Top Mistakes NZ Investors Make When Buying & Selling Stocks
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Join Facebook Live chat with me covering what's happening in the NZX stock market, different investment strategies to adopt, and investor experiences.

Tuesday, April 7 at 8:00 PM 

📚YOU WILL LEARN:
● How You Can Avoid Costly Pitfalls in 2020
● Top 3 Tips That Everyone Must Implement Today
● NZX Stock Market Outlook Over the Next 12 Months

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❓Post your questions in the comments on Facebook.

The information will be of a general nature only and does not constitute personalised financial advice.

 
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Poll: What do You Think is the best Utilities Stock to Buy Today?
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Read the comments, cast your vote and see the poll results on Facebook.

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How Does Diversification Protect You During The Market Crash?
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The table shows the total returns, ranked from best to worst, of several major asset classes across the risk/return spectrum – from the perceived safe haven assets like US Treasury Bonds and Gold, through to the more speculative Commodities and Emerging Markets equities.  

It covers the period from January 2000 to the 12th of March 2020 – about three weeks into the Coronavirus-driven market sell-off.

What this table shows you is that the best-performing asset classes one year, could be the worst performing the following year– and vice-versa.  

Having investments concentrated in one or a few of these asset classes, particularly the more speculative ones, would undoubtedly give investors a sense of euphoria when markets favour those assets.

But also sleepless nights in times when those assets are falling, tempting the uninitiated investor to drop the basket and break grandma’s eggs by selling during the downturn and realise a loss.

What's been your best performing asset class?

How to Ride the NZ Stock Market Roller Coaster in the COVID-19 Era
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🎧 I'm stoked to be featured in the RNZ's Two Cents' Worth show, interviewing NZ investors, co-founder of Sharesies and me :)

The episode covers what's happening in the share market, different investment strategies to adopt, and investor experiences. Enjoy reading it (and listing to the audio podcast)!

 
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Top 9 Rises & Falls Over the Last 7 Days (NZX Stock Market).
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🕑 4-minute read

The Government is planning to support NZ’s airports which in 2019 were planning massive capital projects but now are in very uncomfortable positions.

The Reserve Bank has ordered NZ registered banks not to pay dividends, a sign the central bank sees problems ahead. Tens of billions of dollars are owed to NZ’s banking sector by commercial properties which are, in many cases, empty.

No one knows quite how bad things will get, because no one has ever stopped the economy in the way we are currently trying to.

Tourism Holdings said it reached an agreement with Thor Industries to exit their Togo joint venture. The rental campervan operator will instead focus on a digital strategy in NZ and Australia.

THL has been hit hard by the coronavirus pandemic, with the tourism industry drying up due to lockdowns and border closures. It said that it did not expect to breach its financial covenants this year.

THL operates the Maui, Britz and Mighty rental brands, and makes and sells recreational vehicles, saw a significant profit decline for the six months even before the coronavirus pandemic took hold, which it blamed in part on the performance of its newly formed Togo.

Kathmandu dropped 27% after it was told to raise the funds by its bankers to get a waiver on its lending covenants. The stores are closed around the world while it waits out the Covid-19 lockdowns.

The fact that cornerstone shareholder Briscoe Group isn't taking part is telling. They have their own issues to deal with, but consumer discretionary spending is in for a rough ride.

The timing of buying Rip Curl now looks pretty bad in retrospect. There's a lot of uncertainty, and consumers' pockets are going to be fairly tight globally for some time yet.

Utility software firm Gentrack led the market higher today, surging 40% as it came off a record low 76 cents earlier this month. The company today affirmed earnings guidance for the March period and lifted the trading ban for company directors and executives that's typically in place until a company formally reports.

Investors may be relieved about any announcement better than a downgrade. A lot of companies are pulling guidance in the current environment, so anyone that can maintain it will be well received.

Abano Healthcare fell after a planned private equity takeover was scrapped. The company has now closed all its Australian dental clinics due to the virus outbreak.
P.S. Is there anything else that you noticed this week worth sharing? Let me know and I'll see how we can distribute it in the community.
One thing that I learned within the first couple of years of starting a company is that inventing and pioneering involves a willingness to be misunderstood for long periods of time. - Jeff Bezos CEO of Amazon

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Hi, I'm Maxim, the human behind this newsletter.

I research and interview economists, tax advisors and NZ investors to find tools & tactics that you can use to save time and money.
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