Bernard float interest.co.nz and I promise I will be in the IPO stagging a few shares ;)

I guess many people don't want to invest in the sharemarket or IPO's and probably with good reason.  Look at the failure of Feltex.  You have Company Directors who are off scott free, complaining about how they have been persecuted; giving absolutely no compassion to the shareholders who have seen their investment evaporate - on the basis of a shoddy prospectus. Not only this not one expert advisor or underwriter picked up on the current liability error.  If KPMG can't done for negligence then you can safely say there is no protection for the shareholder.  You can't sue the Directors you can't sue the Auditor.  No justice.  Fine, just don't expect people to invest in the sharemarket. 

If my kids are anything to go by I wouldn't be holding my breath if I was Brian Gaynor.

Gen Y's are the most over indulged, selfish, mamby pamby, been overly treated with kid gloves generation that there's ever been.

I often muse and ask my wife why did we have two generation Y kids. 

Gen Y is code for Y did we bother.....they've been AWOL since 12 years old

We need a options markets to give people the choice to limit downside risk.

Thank you for auditing my comments.  oops!

Brian Gaynor has for years provided the most informed and balanced analysis and commentary on the NZ economy (sorry Bernard).  He has provided copious stats which show in ruthless detail our lemming-like infatuation with property, and how it has resulted in a shrunken and unbalanced economy, porked up by successive governments.

Anything he says is worth listening to.  He should be put onto think tanks, rather than ideologue old hacks like Don Brash. 

Cheers to all

I was born in 77. My friends and I have heard very little about shares and a great deal about making money out of property. Now property investment is getting bad news, it could be a good time that the NZ sharemarket markets itself showing how to and where to research who to invest in.

I disagree, at this point, with the utmost respect. Left and right, humanist and selfish, have all run up against the limits to exponential growth.

The Warehouse just accelerated the turning of finite resources - the most crucial being fossil energy - into throwaway crap.

Beyond the peak rate at which those resources could be extracted, and particularly the rate at which energy could be supplied, the options contract. Meaning jobs (and thus worker's incomes) contract, and share returns contract, at an accelerating rate, from here on.

All of which is out of most folks ken.

Perhaps those who rely on their incomes to reinforce their manhood will contract too.

Whatever suits....

Just look at the recent IPOs over the last 7yrs. Austral Pacific, Eastern Hi FI, Dominion Finance Holdings......all gone and dusted with massive investor wealth lost. Look at Glassearth, Diligent Boardbooks, Ecoya, Kathmandu.....less than their listing price. No wonder investors are gun shy!

These were brought to the market, but have ended up as duds.

well you no i am the bottom end ot the baby boomer,well i was not taught that life was easy we did it tough in the 60s and the 70s and we produced kids that we gave everything for them to and denied ourselves because we wanted to give our kids a better life and what did we create.well look around we screwed up and forgot to teach our kids what a buck is worth dont blame them we have done it to ourselves,but as theres always is hope,hope they will figure it out,good luck to them as we didnt do them any favors but life seems too imitate itself, good luck as our parents told us the same bloody thing but did we listen no but wee respected them.probarly thats the difference, hopefully to a better life. 

BTW, a absolute bouquet to you, Bernard, by introducing commentary by dispassionate & insightful people like Gaynor. 

I used to despair when you used to host ideological rants by that absoluted pedant Roger Kerry, trotting out the mantra of his paymasters at the Business Roundtable, absolutely discredited by the amount of wealthy destruction they presided over thru their companies.  This was also the group that convinced the govt not to introduce the much-needed regulation after the debacle in the sharemarket after 1987, thru their proxies Ruth Richardson & Bill Birch.

Gaynor on the other hand has picked out the weaknesses in our economic model, and provided copious stats to back up his analysis and recommendations.  Always great value.

So good on you, you do your own credibility a world of good. 

Cheers to all

Bernard, has this been an interesting discussion or what?

Brian Gaynor has rightly highlighted the poor state of the sharemarket. And the response of people on your site is to complain and complain about it also.

Yet, I never see PIs grizzling on your site about the state of the property market when negative articles are put up by you, like we have seen people here complaining about the state of the share market.

Interesting. Can I draw the conclusion that property investors are happier with their investments than are the share investors are with their's?

hey I need to raise $125,000 maybe I should list on the NZX!!

where are those anti-PIs.  Have they  all gone off the cliff somewhere?  So quiet!

There are no such things as 'anti=PI's'.

Just sane, intelligent, forward looking,.........

I stopped buying shares because the online brokers put their charges up. It was ok when it was only $29.50 a trade. Now its a percentage that adds up to hundreds, its not worth buying and selling if all your profits are going to them in charges.

The Man...read Anonymous comments at 11.17am on this report about the sharemarket.

All the anti PI mob can do is moan about their own investment outlets.

Don't see PIs doing that do we.

Ha.

This article on the poor state of the share market generates relatively little comment, whilst any article on the poor state of the property markets has all the doom and gloomers howling that they "told ya so" and that PIs deserve it, "maaaaate" etc etc.

What's this telling us about the state of mind of this site's posters?

Certainly reading the above I think share investors are generally very unhappy with their lot. But the relative lack of comment here also indicates share investors are embarrassed about their chosen investment's performance.

Contrast this with interest.co.nz's negative reports on property, where the few property investors here rise to the defence of their chosen investment form.

A stark difference in attitude to one's investment is demonstrated here.

Just like houses anon. People buy and sell for all sorts of reasons. What you have to do is look at each of those three shares and ask yourself where you would be if you had held them for the last few years. In a fantastic position and each of them has excellent balance sheets and are poised to grow their overseas earnings which is great for our country. All three are in the aged/health area and are therefore very defensive. Ane they are liquid so you can sell them every day if you want for example to buy a new car or go for a holiday.