The NZ currency has moved around a lot, there are challenges facing the sub prime lending market in the US which are affecting the international sharemarket and closer to home our high interest rates are testing our local market.
It's a time that clearly illustrates the benefit of a long term approach when investing in equity markets. On a short term basis it's not uncommon to see the level of volatility we are currently experiencing. This is not a problem with those who are investing for the long term, i.e. 5-10 years, but it does create some challenges and no doubt some stress for those who have a short investing timeframe like this competition of 6months.