“It’s a mirage, basically. In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending.” – Warren Buffett Crypto-Calamity May 2021 was a tumultuous month for ‘investors and traders of cryptocurrencies, as Chinese authorities cracked down on Bitcoin trading (and mining) which sent prices of all crypto tumbling. Bitcoin was one of the better performing cryptocurrencies, but still fell 17% on a single day in the month and at the time of writing was down 50% from its all-time high. Bloomberg Crypto
“The Intelligent Investor is one who sells to optimists and buys from pessimists.” Benjamin Graham NZ Property Update House price inflation is rampant in NZ with +22% y.o.y. for the period ending February 2021. This sort of growth increases the risk of a major disruption to the wider NZ economy when the $1.5 trillion property bubble finally bursts. How could we address this rising risk? Enter Prime Minister Jacinda Ardern! The biggest news in the past month for NZ investors has to be the changes to property investing announced as
