Too Good To Pass Up

July 16, 2009 By

It’s interesting sitting back and waiting patiently as our dollar bounces around and signals from the market continue to contradict themselves.

At the end of the day though my investing is all about the long term and most of the turmoil we are seeing today will eventually become a distant memory.

With that in mind I decided to add one of my long time favorites into the portfolio again as the numbers are just too good to sit by and watch …{+}

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Portfolio Addition

June 22, 2009 By

The NZ Dollar was trading at US63.10c at 8am today, down from US63.95c at 5pm yesterday as the World Bank said prospects for the global economy remain “unusually uncertain,” and cut its 2009 growth forecasts for most economies causing the markets to swing against the risk of investing in higher-yielding currencies.

Yesterday the benchmark NZX-50 index closed up 10 points, (approximately or 0.3 percent) at 2794. Turnover was worth $68 million however nearly $20m of that was traded in Telecom and Fletcher Building.

It’s been a few days since I have added anything to my portfolio however today I am liking the look the Dollar against our major partners and what this might mean for some of our stocks while they are weak.

…{+}

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