Dangerous things: How to make – or lose – a fortune

Dangerous things: How to make – or lose – a fortune
Loan me your Toyota Camry for a year. (Image: Matthew Hansen)
Simon Robertson
I often get asked what shorting stocks is and how it works. Think of it like this. You and I are besties, we flat together, you own a black 2018 Toyota Camry which is worth about $25,000 (thanks Trade Me) and you are about to go on a gap year and want me to look after your car for a year. The day you leave I sell your generic car for $25,000 as I have a strong view that in a year said 2018 Toyota Camry will be worth less. The day before you return, I buy back "generic" black 2018 Toyota Camry cheaper than I sold it and hand...

More Finance

Payments NZ could play key role in open banking standards
Finance

Payments NZ could play key role in open banking standards

A draft decision proposes an 18-month approval, rather than the five years requested.

Ben Moore 01 Jul 2024
Singapore becomes hot spot for M&A bankers hunting Asia deals
Finance

Singapore becomes hot spot for M&A bankers hunting Asia deals

The island is a magnet for parties interested in mergers and acquisitions.

Bloomberg 28 Jun 2024
Medicine working but business confidence continues to fall
Finance

Medicine working but business confidence continues to fall

Confidence in retail and construction rose, while other sectors were more downbeat.

Tom Raynel 27 Jun 2024
Shareholders association opposes Geneva Finance delisting
Finance

Shareholders association opposes Geneva Finance delisting

Company says it will exceed USX governance rules.

Jem Traylen 26 Jun 2024