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  1. #31
    Join Date
    Apr 2018
    Posts
    260

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    Managed Funds can be used effectively, especially if you are using your Aussie Super that is lying about, turn it into SMSF then you get the chance to borrow 70% against it. But NOW is not the time for that, Im locking mine down to gold haha.

    So in general Managed Funds can be a 15% per annum tool to get to a place to borrow against for PI that isnt above ones risk tolerance in very uncertain times.

    Just my 2c, dont listen to me, unqualified no nothing sort :-)

  2. #32

    Default

    The stupidity of the herd has surprised me more than I thought it would.

    Given the lack of any real national news the reporting is an ongoing series of vested interest groups telling their story about how they've been inconvenienced by this situation. Same message different interest group.



    Stores might open up but they will operate at a loss. They will soon realise that people are being far more careful about what they spend given they don't know if they have a job. This downward spiral will then spur more concern about job security.


    In the building trade there are various POV's on the future - some being bullish with most being cautious.

    Tradies that over the past 24 months were very confident about their next job and as a result not providing the service their big/regular customers expect are now being very attentive and calling regularly to find out what work is coming up.

    The problem is whilst my little business could keep a dozen or more contractors in enough work to feed their families with Auntie J telling everyone that landlords should lighten the load for tenants I need to be cautious about future rent payments resulting in me not committing work to the dozen tradies that we could do to keep them going and only completing ESSENTIAL work.

  3. #33

    Default

    Quote Originally Posted by Don't believe the Hype View Post
    The stupidity of the herd has surprised me more than I thought it would.

    Given the lack of any real national news the reporting is an ongoing series of vested interest groups telling their story about how they've been inconvenienced by this situation. Same message different interest group.



    Stores might open up but they will operate at a loss. They will soon realise that people are being far more careful about what they spend given they don't know if they have a job. This downward spiral will then spur more concern about job security.


    In the building trade there are various POV's on the future - some being bullish with most being cautious.

    Tradies that over the past 24 months were very confident about their next job and as a result not providing the service their big/regular customers expect are now being very attentive and calling regularly to find out what work is coming up.

    The problem is whilst my little business could keep a dozen or more contractors in enough work to feed their families with Auntie J telling everyone that landlords should lighten the load for tenants I need to be cautious about future rent payments resulting in me not committing work to the dozen tradies that we could do to keep them going and only completing ESSENTIAL work.
    The Titanic is holed, water is flooding the ship. The deck is still level and above water, the sun is shining. What could possibly go wrong.

  4. #34
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,499

    Default

    Not knowing the right way to re-arrange the deck chairs?
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  5. #35
    Join Date
    Aug 2003
    Posts
    7,878

    Default

    I think there could be a mini bounce in sales as people rush to the mall for a bit of retail therapy. The spend will drain the small savings accumulated over the past six weeks so they're back to their comfort zone of living pay packet to pay packet or the next hand out. Labour et al will jump on this bounce saying all is well and they got it right.

    cheers,

    Donna
    PropertyTalk Blog - property articles - About PropertyTalk

    BusinessBlogs - the best business articles are found here



  6. #36
    Join Date
    Jun 2004
    Posts
    10,638

    Default

    Quote Originally Posted by donna View Post
    Labour et al will jump on this bounce saying all is well and they got it right.
    You overt anti-Labour stance does you no favours.
    Labour is not silly enough to believe that this will be over in a week of L2.

  7. #37

    Default

    If you want some to see some visceral commentary head over to the comments section on any article at interest.co.nz. It feels like the same group of angry white men have been screaming for a recession to come and wipe the slate clean and now the bad times are here they are absolutely loving it. Must be a great crowd at a party. I like their articles but must remember to stop scrolling down before I get to the screaming horde at the bottom.

    I went to Bayfair yesterday and did most of my clothes shopping for this year, 2 T-shirts and a sweater. The place was packed like summer with wildly different approaches by each store to distancing, tracking, sanitizer etc. I hope the virus is contained after all this because there was no attempt by Bayfair to manage flow and keep people apart. How hard would it be to have a left and right lane so you're not dodging people all the time?

    Anyway, the problem retail has is that 95% of kiwi adults could probably buy zero new clothes, kitchen stuff, furtniture or electronics for an entire year and get along just fine.
    Free online Property Investment Course from iFindProperty, a residential investment property agency.

  8. #38

    Default

    They only need the payouts to last until the election. Not that National would have done any different.

    Quote Originally Posted by Wayne View Post
    You overt anti-Labour stance does you no favours.
    Labour is not silly enough to believe that this will be over in a week of L2.
    Free online Property Investment Course from iFindProperty, a residential investment property agency.

  9. #39
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,499

    Default

    Quote Originally Posted by Nick G View Post
    They only need the payouts to last until the election.
    Or run out seven days beforehand, so socialist Cindy can promise to restore them when / if elected.

    What were the stocks like in the Bayfair shops? The few places I've been seem very well stocked.
    I suspect that online shopping, incl. click and collect, were not as good as people hoped.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  10. #40
    Join Date
    Apr 2005
    Posts
    2,948

    Default

    Quote Originally Posted by Nick G View Post

    Anyway, the problem retail has is that 95% of kiwi adults could probably buy zero new clothes, kitchen stuff, furtniture or electronics for an entire year and get along just fine.
    yup.
    If I find something I like in a store, I usually buy ten.
    Often when you go back a year later the price is up or the product no longer available and a cheaper version is in stock.
    Go quality, go quantity.


 

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