Start with EBOS and Meridian. Add Mainfreight on a dip. Top up with Spark for the income.
Ticker: MEL The largest gentailer. With the South Island hydro lakes and wind farms, Meridian is a proxy for the renewable energy transition. It pays a reliable dividend and benefits when the wholesale power price spikes. nzx mag
That is the Kiwi wealth recipe. Disclaimer: This is not financial advice. I’m just a local looking at the market. Always do your own research or consult a financial adviser before buying shares. Start with EBOS and Meridian
Ticker: EBO They move animal health products and medical supplies. This is a quiet killer. EBOS has grown its dividend for decades. Recession? People still get sick. Pandemic? They thrive. It’s the most defensive stock on the board. Ticker: MEL The largest gentailer