Advice to Mum and Dad Investors

I was impressed and excited to read a local finance broker’s advice to potential “mum and dad” investors in privatized public assets in the Otago Daily Times (Friday 6 July 2012).
Mr Chris Timms of Craigs Investment Partners says any complaints about ordinary Kiwis not being able to get in on the sale of the 21st century are misplaced.
It comes down to lifestyle choices and priorities.
Cut out the cigarettes and takeaways, and you can be in to win.
As Mr Timms says, you can save money, be healthier and buy some shares.
I agree.
It is a well known fact that the working classes of New Zealand expend their lives in a haze of cigarette smoke, while simultaneously pouring jugs of beer down their throats and stuffing their ample jaws with burgers and chips.
It’s amazing they actually find time to work full time and raise families.
In some cases, they linger on well into their seventies on superannuation (another drain on the economy.)
We need to buy back the assets we already own because we needed to give tax cuts to high income people, like finance industry high flyers for example. Continue reading