User Profile

[Jeffa]

The Chinese sharemarket crashed in 2015 not by 60% but by 30% which is not a bad prediction...why are you bringing it up in 2021?It was a great buying opportunity across all markets that year.

Do you miss Gary that much?...

[Jeffa]

RBNZ governor wants lower loan rates
Reserve Bank governor Adrian Orr has called on banks to pass on lower interest rates to borrowers, and has a message for lenders: "We are watching."

https://tmmonline.nz/article/9765182...wer-loan-rates

[Jeffa]

No seriously I am lazy that's how I figured out how to retire wealthy.

It doesn't mean I'm not buying it means I'll wait for the market to settle down and buy bargains when ever that maybe....

[Jeffa]

I should mention I bought a crap load when banks were throwing money at property investors before the GFC so they became cash flow properties after time so my situation is different to yours.

[Jeffa]

Robert Kiosake, Bob jones,Nathan birch most of these investors are worth 100s of millions because they buy hundreds of cash flow properties.

I have a mix of both, but because I'm a lazy Maori I can't be bothered going to that level.. but it might be in you to do it FH!

You...

[Jeffa]

Cash flow apartments cash flow commercial.. these can help you buy more house's.

[Jeffa]

Most investors usually max out at 2 or 3 if you want more you need cash flow property or businesses.

[Jeffa]

No what I'm referring to is the purchase after this were you planning on stopping at this next property?...

[Jeffa]

You need cash flow to release equity.

Side hustle job or company,raise your rents, hustle hustle hustle.

Try multiple leasehold apartment's in or Auckland or get a buyer's agent to find you 2 or 3 in Australia.

Sounds like you won't be able to move forward without...

[Jeffa]

Gotta have that hit of stimulus to keep that addiction going.

And the central banks sell the good stuff.....

[Jeffa]

A few months McDuck. Try a few years before there's any meaningful movement of interest rates.
The long term bond yeild curve might be up but it's going to start heading down in the winter or definitely spring..it's short term inflation because nothing is being shipped around the world.
...

[Jeffa]

The following is an educational clip forwarded to me by The Reserve bank of New Zealand....

[Jeffa]

I can hear all the broken hearts starting to warm there engines up and start complaining about house prices..so so sad....

[Jeffa]

Our NZD will now likely hit 0.74 USD...I'm going on a long cheap holiday somewhere overseas if our dollar hits $0.80c usd when our borders open....

[Jeffa]

On Wednesday 24 February, the Committee reached a consensus to:

• hold the OCR at 0.25 percent;
• maintain the existing LSAP programme of a maximum of $100 billion by June 2022; and
• maintain the existing FLP conditions.

JEFFA READS HOUSE PRICES TO THE MOON!

[Jeffa]

The Committee agreed to continue with the LSAP programme with purchases of up to $100 billion by June 2022. The Committee also endorsed staff continuing to adjust weekly bond purchases as appropriate

[Jeffa]

The Committee assessed a negative OCR and the LSAP programme against its Principles for Alternative Monetary Policy. The Committee agreed that it was prepared to lower the OCR to provide additional stimulus if required.

[Jeffa]

Overall, the Committee agreed that the risks to the economic outlook are balanced, in large part due to the anticipated prolonged period of monetary stimulus. The Committee reflected on the international experience of central banks following the Global Financial Crisis. The Committee agreed that it...

[Jeffa]

Members noted the FLP will continue to lower bank funding costs, even if international wholesale borrowing costs rise. The Committee noted that the decline in bank funding costs provides banks with scope to further reduce interest rates for household and businesses. The Committee agreed it expects to...

[Jeffa]

RBNZ: Sees inflation at 2.5% in 2Q 2021

Meeting CPI, jobs targets will take considerable time

Committee agreed to look through temporary price shifts -...