Private investors are ordinary Kiwis

My father arrived in New Zealand in the 1930s with almost nothing.

He was hoping for a better life here than he was able to have in Scotland and he got it.

When he returned after active service with the 20th Battalion during World War II he got a rehab. apprenticeship as a carpenter and spent the rest of his working life in that trade.

My mother was a nurse but, as most women did in those days, she gave up her profession when she married.

There wasn’t much to spare from a single income with three children to raise but Mum and Dad saved what they could and invested when able. By the time they retired they had a mortgage-free home and a small nest egg which gave them a bit more security and a few more choices than they would have had if they had nothing more than their pensions.

They were ordinary Kiwis who had worked and saved and were able to enjoy the fruits of that in their retirement.

The Labour Party doesn’t appear to recognise people like this.

Leader David Shearer reckons the partial float of Mighty River Power is another win for private investors over ordinary Kiwis.

Silly man, many private investors are ordinary Kiwis like my parents.

They’re the ones who work hard, save what they can and are looking for good investments.

No shareholding comes with a cast-iron guarantee but utility companies like MRP are usually good, safe, long-term, investments for ordinary Kiwis who are able and prepared to save and invest.

5 Responses to Private investors are ordinary Kiwis

  1. Great post Ele. Your parents must has had similar Presbyterian values to mine, and it has rubbed off.

  2. Neil says:

    Agree with you Ele. It’s disgusting to hear R.Norman claim that only the rich will be able to take up shares.
    Mr Norman needs to get out into retiree land where there are thousands of kiwis with bank deposits waiting to go somewhere. Norman would rather see the save nothings and do nothings get the benefits.

  3. TraceyS says:

    The Opposition’s stance on this ominously condescending. Most people are far more astute than given credit for. Like your parents, Ele, most have not had money just drop into their lap. They know how to look after what they have, else they would not have attained it in the first place.

  4. Reblogged this on kiwiincanberra and commented:
    An excellent post by Ele today.
    One more thing to add to my what I miss blog, not being able to take up shares in Mighty River Power (you must have an NZ address). I see over 100,00 have expressed interest in the float. Very exciting for NZ, for the economy and for Mums and Dads like mine looking to put a bit of their savings into their amazing country.
    Labour are up to their usual ironic hypocrisy of tutt tutting an initiative they have done in the past. (along the lines of the Christchurch school closures… Mr Mallard closed plenty in my hometown of Mosgiel)

  5. TraceyS says:

    If so many New Zealanders are against asset sales, and the petition has enough signatures for a referendum (http://www.stuff.co.nz/national/politics/8141848/Asset-sales-petition-gets-its-numbers) then why are the Green Party still pushing for more, even as late as mid-afternoon today? Asking for petition sheets to be returned even if there is only “…one signature on it”.

    “This is democracy in action.”

    Is it?

    Seems like desperation to me. Are democracy and desperation to prove a point the same thing?

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