Written By: - Date published: 4:23 pm, June 1st, 2009 - 66 comments
This part of Vernon Small’s article today deserves an extended quote: “The numbers are stark. If full payments resume in 2020, contributions will have to be more than $1b a year higher than if we continued as normal now. Even then, from 2020 till 2030 the fund will be $37b smaller than it would otherwise …
Written By: - Date published: 7:08 pm, May 28th, 2009 - 114 comments
I’ve had a dig into Treasury’s numbers and worked out that they expect the Superannuation Fund will make a 13% return next year, falling to 11% a year by 2012. Those figures seem pretty good, not too optimistic. It’s what the Fund made in ordinary years before the crunch and bear in mind the Fund …
Written By: - Date published: 10:27 am, May 11th, 2009 - 13 comments
Here’s a question for Mr Key but you can play along too. What if you could buy into an asset that performs well usually but had a very bad year last year? Because of that bad year, the price is now at historically low levels but the outlook over the short and long term is …
Written By: - Date published: 8:00 am, May 5th, 2009 - 47 comments
Bill English seems set to suspend the government’s contributions to the Cullen Fund. Here’s a little-known fact, one that Bill English probably doesn’t want you to know: The Cullen Fund made money in March, the sharemarkets are rising and we’re making money on that. In fact, the Cullen Fund out-performed the market. The markets might …
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