You will learn:
● Interview Lewis Gradon, CEO Fisher & Paykel Healthcare (FPH)
● How Can a $5 Item Cost You $16,890 (Tips to Become Rich!)
● Linkedin Poll on the NZX Stock Market Outlook
● Top 10 Rises & Falls Over the Last 7 Days (NZX Stock Market)
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Fisher & Paykel Healthcare is a global leader in medical devices and systems for use in respiratory care and acute care, and in the treatment of obstructive sleep apnea.
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Do you think like a wealthy person or like an average person? You can find out by conducting the following simple thought experiment. When deciding whether to buy a $5 coffee, what do you think about?
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A comment from Barry Joblin (member of the group):
Im 50/50 on this one. Logically it should go down as with any past recession , but this recession is different and difficult to predict. You can’t rely on past patterns this time around for three reasons.
1) this recession is a medically induced one . It’s not caused by bad lending and a financial crisis, in fact the banks are in robust health. So we don’t have the scenario of banks foreclosing and writing off bad debts to save themselves .
2) low interest rates . We have never seen a recession with such low interest rates . Low interest rates means low deposit rates so there is very little incentive to have cash in the bank earning interest . The share market gives a better return ( mostly) plus you have the chance of capital gain from shares increasing in value .
3) our government has started “quantitative easing” , which is a complicated way of creating money . That money is being pumped into the economy to stimulate growth and recovery.
More money being created devalues all the existing money in circulation. If money is worth less then assets become worth more . Shares , property and gold are all assets so should be worth more relative to money which will be worth less.
So we should see the share market holding up or even gaining , but then comes the people factor . This current market appears over- valued , and all it will take is for people to lose their faith in it and it will crash .
So who knows? Im enjoying the opinions being voiced !
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Top 10 Rises & Falls Over the Last 7 Days
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Rio Tinto, which owns nearly 80% of NZ Aluminium Smelters, advised Meridian that the smelter will close in August 2021.
Meridian dropped 8.7%. S&P downgraded the Meridian’s credit rating outlook to BBB+/negative to reflect the “challenging operating environment” in the 2 to 3 years following the closure of the smelter in 2021.
Contact Energy shed 16.12%.
Chorus dropped 8.06% after the Commerce Commission said it would review the way it allowed Chorus to account losses that have been incurred while building its fibre network.
Chorus chief executive JB Rousselot said it was disappointing that a potentially significant change of this nature is being considered this late in the regulator's process.
Metlifecare increased 11.88% after it has entered into a new scheme of arrangement with EQT to buy all its shares for $6 each, a dollar less than the earlier deal.
Air NZ fell 8.9%. It agreed to temporarily suspend all new bookings into NZ for the next 3 weeks to help the government manage accommodation capacity at its quarantine facilities.
A slower start to a trans-Tasman bubble is looking more likely with Melbourne returning to six weeks of lockdown.
What do you think?
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Hi, I'm Maxim, the human behind this newsletter.
I research and interview economists, profitable companies to find tools & tactics that you can use to achieve financial freedom and enjoy high-quality experiences!
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