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  1. #21
    Join Date
    Sep 2004
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    Hastings
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    Quote 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!

  2. #22
    Join Date
    Apr 2004
    Location
    Auckland
    Posts
    2,031

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    Quote 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.

  3. #23
    Join Date
    Jan 2012
    Posts
    1,142

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    Quote 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 at 05:21 PM.

  4. #24
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,487

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    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!

  5. #25
    Join Date
    Apr 2004
    Location
    Auckland
    Posts
    2,031

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    Quote 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.

  6. #26
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,487

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    Quote 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!

  7. #27
    Join Date
    Jan 2009
    Posts
    210

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    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 at 05:11 PM. Reason: Added link descriptor

  8. #28
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,487

    Default

    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!

  9. #29
    Join Date
    Aug 2003
    Posts
    7,870

    Default 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
    PropertyTalk Blog - property articles - About PropertyTalk

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  10. #30
    Join Date
    Jan 2014
    Posts
    1,042

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    Quote 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?
    "Remember, people will judge you by your actions,not your intentions.You may have a heart of gold -but so does a hard-boiled egg".


 

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