Re: NVA $1.00 SP 2021, page-78

Hey Magic,

I get your questioning my view. I do believe travel will improve, agreed. But I don't think it is going to turn on the switch. It will take time for many people to feel secure. So not saying it wont recover, just saying it will take time.

I don't agree that it has been perfectly handled but agree on who and how it has come about. Those that have spare borrowing capacity will win because they will buy more from people that are struggling. I feel that it will be a great wealth redistribution. At the moment we are punishing savers and retires to prop up the artificial house prices of the over leveraged. I have worked with people who are waiting for the price of their home to go up while in tears because it hasn't. Pegging your financial success to the value of you home I think is silly but there again, we have a system of negative gearing that rewards people to push out owner occupiers in favor of investors getting tax breaks to lose money. A business that loses money goes broke.....

I agree with you a crystal ball would be amazing for our investing success, all we can do is join the dots and keep positioning ourselves to be in the most favorable position. Agree with you about NVA, now that's a position worth having ,) Next two years should be interesting.

Hope your work is improving as restrictions ease, all the best.