Comments on: …some vested interests fear New Zealand First…

By: Jens Meder

Jens Meder — Sat, 23 Aug 2008 04:38:26 +0000

Sam, in support of your argument with which I agree, that super funds should be there to keep better super sustainable, we still have to comply with economic realities, a most basic one of which is for successful investment - diversification, and territorial spread, not all of it at home!
So, while we (I believe) agree, that a substantial proportion of our NZSF could be VERY PROFITABLY FOR THE COUNTRY invested in LOW INTEREST COST INFRASTRUCTURE FINANCING, a fair proportion invested overseas is only prudent.
Actually - while I doubt there is much NZSF invested in dubious finance in America, at present might be a good time to acquire valuable assets there at bargain prices!
Some losses in investment are a natural inevitability, but the benefits of diversification on a large scale are illustrated by the $100 million loss of the NZSF in an Italian Dairy Company collapse, which affected NZSF earnings by only a fraction of 1% in that year.
Instead of in the 2020s for the benefit of Babyboomers, benefits of the NZSF helping to fund our NZ Super could be experienced by all of us from the moment of NZSF Personal Account allocation, which is bound to increase our confidence in the NZSF, especially when noticing its impact opn our economy and productivity.
Then, practically - we could vote for ourselves whatever superannuation we choose, if prepared to VOTE FOR THE NZSF ACCUMULATION RATE TO MAKE IT DELIVERABLE - and that is not just wishful speculation, because the benefits through accelerated investment would be felt almost immediately, not in decades.

By: Sam

Sam — Fri, 22 Aug 2008 22:06:35 +0000

Totally agree that superannuation should be at a higher level than presently available. But we also need to make sure the funds are there to do this. The recent credit debacle in the USA shows the folly of the “Cullen” fund investing there.

By: Jens Meder

Jens Meder — Mon, 18 Aug 2008 00:48:29 +0000

I am seriously concerned that a party identified through a particular sectional interest priority, might be sensed by the public as not putting New Zealand first.
Therefore I strongly appeal to Winston and the NZ First policy team to announce the economic steps (not only intentions)to make all the desired goodies deliverable on a sustainable basis.
There should be no doubt that we put welfare of the whole of New Zealand first, and for the best outcome of this election, open debate on this is the sooner, the better.

By: Bill Hazeldine

Bill Hazeldine — Sat, 16 Aug 2008 07:02:59 +0000

The canary is desperate for attention! poor wee soul!

By: dudley

dudley — Fri, 15 Aug 2008 21:42:49 +0000

when NZ1 was formed in 1993 it was calculatingly decided that large groups should be targeted to get their block vote. Worked well give them what they want and guarantee a return to power.