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  • #16
    Right. So the amount (gain) over-and-above the capital that was deposited has gone down by the % figure you mention.

    If it went from 14 down to five, isn't that a loss of nine? (Rather than five?)
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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    • #17
      The graph Simplicity gives is fund returns - so what that means??
      They don't have a fund value graph.
      It's been ~1yr since opened. The numbers from memory:
      Initial Investment: $290K
      Before the Fiasco: $314K
      Dropped to: $275K
      Currently: $293K
      I wonder if I'll get a tax refund? Ha Ha.
      The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.

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      • #18
        Most RE Agencies (traditional) at a national level had listing stock down 20% on averages over the last year. Guy I talked to felt we had to get a large volume increase before we get into a real buyers market. Obviously the 10,000 foot view but I hadn't considered that.
        Free online Property Investment Course from iFindProperty, a residential investment property agency.

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        • #19
          Originally posted by PC View Post
          It's been ~1yr since opened. The numbers from memory:
          Initial Investment: $290K
          Before the Fiasco: $314K
          Dropped to: $275K
          Currently: $293K
          I think I'm getting it - albeit slowly.

          Over a year, the (aggregate of capital and dividends) 'value' of your initial $290k investment had gone up to $314k; then down to $293k.

          So - courtesy of Comrade Cindy's lock-down, etc., you've gone from being theoretically $24k better off, to being theoretically $3k better off, over 12 months.

          That would be a guts-kick if you were planning on using the $24k value appreciation for the buy-first-home option, but if you can't get the dosh for years - say - until you retire, it's just a shoulder shrug?

          Am I getting close?
          Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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          • #20
            Originally posted by Perry View Post
            So - courtesy of Comrade Cindy's lock-down, etc., you've gone from being theoretically $24k better off, to being theoretically $3k better off, over 12 months.
            You give Cindy too much credit. Most Kiwisavers are tied to international markets and they plummeted before any mention of a lockdown.
            Feb 17th for Dow Jones for example.

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            • #21
              Originally posted by Learning View Post
              You give Cindy too much credit. Most Kiwisavers are tied to international markets and they plummeted before any mention of a lock down. Feb 17th for Dow Jones for example.
              I had noticed that. Hence the "etc." part of . . .
              . . . courtesy of Comrade Cindy's lock-down, etc.,
              Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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              • #22
                Originally posted by Perry View Post
                I think I'm getting it - albeit slowly.

                Over a year, the (aggregate of capital and dividends) 'value' of your initial $290k investment had gone up to $314k; then down to $293k.

                So - courtesy of Comrade Cindy's lock-down, etc., you've gone from being theoretically $24k better off, to being theoretically $3k better off, over 12 months.

                That would be a guts-kick if you were planning on using the $24k value appreciation for the buy-first-home option, but if you can't get the dosh for years - say - until you retire, it's just a shoulder shrug?

                Am I getting close?
                Put money into passive investment - it goes up, it goes down. Hopefully more up than down!
                Not living off it or spending it for quite a while.
                The graph of fund performance from Simplicity looks impressive - but when relating it to actual $ - I'm mystified.
                Have queried if they could add a fund value graph as well.
                Mostly Vanguard world wide index funds. So can't blame Jacinda for that one.
                The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.

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                • #23
                  Originally posted by Perry View Post
                  I had noticed that. Hence the "etc." part of . . .
                  Markets and hence Kiwisavers actually bounced back roughly half their losses after lockdowns began. So using that argument you could say Cindy's lockdown, etc actually boosted citizens kiwisavers.
                  Last edited by Learning; 08-05-2020, 05:21 PM.

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                  • #24
                    Well, after reading Learning & PC's posts, I am so glad I'm not directly involved in such shenanigans.

                    I'll go with PI - any and every day.
                    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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                    • #25
                      Originally posted by Perry View Post
                      Well, after reading Learning & PC's posts, I am so glad I'm not directly involved in such shenanigans.

                      I'll go with PI - any and every day.
                      Yes. Direct PI investment is more profitable than paying fund fees and all the taxes.
                      Requires work and effort though.
                      The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.

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                      • #26
                        Originally posted by PC View Post
                        Yes. Direct PI investment is more profitable than paying fund fees and all the taxes.
                        Requires work and effort though.
                        A matter of ya gets what ya pay for - so to speak.

                        I've only ever bought one lot of shares - Port of Napier. A degree of keeping-it-locally-owned patriotic parochialism involved, as well as believing it to be as cast iron as it could get.

                        As for tax, can't see any difference between investment types for that 'cost.'
                        Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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                        • #27
                          Stories about people realising that close city living & the cafe culture is not all it's cracked up to be, when compared with a bit of land to grow food and keep hens (for eggs) and be a safer distance from potential pathogen-carriers.

                          https://www.abc.net.au/news/2020-05-10/post-covid-19-pandemic-simpler-life-migration/12229082
                          Last edited by Perry; 11-05-2020, 05:11 PM. Reason: Added link descriptor

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                          • #28
                            Please provide some details - a precis - of such links. That way, PT Forumites can decide whether or not to bother clicking on the link provided.
                            Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

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                            • #29
                              Hello Level 2 - our new normal

                              We all sigh with relief that business as usual in accordance with level 2 rules will be underway from Thursday.

                              The run on just about everything may cause its own form of chaos. It will be interesting to see how many people pour into the malls etc and if social distancing will be a consideration.

                              cheers,

                              Donna
                              SEARCH PropertyTalk, About PropertyTalk

                              BusinessBlogs - the best business articles are found here

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                              • #30
                                Originally posted by donna View Post
                                We all sigh with relief that business as usual in accordance with level 2 rules will be underway from Thursday.

                                The run on just about everything may cause its own form of chaos. It will be interesting to see how many people pour into the malls etc and if social distancing will be a consideration.

                                cheers,

                                Donna
                                It will be as per supermarkets and Mcds/KFC,Wendys etc etc. Its human nature that they will flood to the malls! The unknown is how much money will be spent?
                                "DEBT BECOMES IRRELEVANT WITH INFLATION".

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