Investing - Property/Shares
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Having been stupidly lucky to buy in Western Sydney as the boom was taking off 20 years ago, we're now sitting on a pile of equity - probably 48% LVR at the moment, having sold once. Friends of ours did even better selling multiple times, but that is a killer on the emotional front having to roll houses over every couple of years.
I'd like to use the equity for something but the wife is extremely risk-averse on that front, so even a managed investment property is off the table for now. Will need to look at it again in a couple of years once we have a kid potentially in Uni and one in high school...
If he goes to Uni somewhere other than Sydney that might be the route we take: buy a house for him to rent with a couple of other people at student rates and negatively gear it...
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Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
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@canefan said in Investing - Property/Shares:
@pakman said in Happiness Scale:
@canefan said in Happiness Scale:
@taniwharugby said in Happiness Scale:
@Snowy my bank manager suggested I should be looking at an investment property, I said yeah nah.
I'm not good with handling stress relating to finances and I expect that would just about kill me, am pretty risk adverse when it comes to money.
A good ETF on the US stock market will give you decent gains with lower risk. Certainly more dynamic than the NZ market. Apple computer alone has averaged over 100% increase from it's 2011 price to date ($10 now $130). Pretty safe
Be wary. Any rise in US interest rates would have substantial effect on tech prices. Which means US inflation is being watched as a leading indicator. It’s ticking up.
I've been in the market, in a relatively passive capacity, for over 10 years. It goes up and down, but as long as you don't plan to time the market to make a quick buck it always goes back up
Drip feeding it in to smooth out the highs and lows makes for a sensible approach. And spread the risk by spreading the investment
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@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
Investors taking a medium-long term view and thinking it's a good buy when compared to other car companies - plus some ramping up as shares are in demand?
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@Snowy said in Investing - Property/Shares:
@canefan said in Happiness Scale:
You could get a manager to manage a property for you. I know it costs but it takes away the stress and hassle
It doesn't really. You still have to manage the manager, the problems still end up in your lap. Sure it helps and I use property managers, but it doesn't solve all of the problems. 7 or 8 percent takes a large chunk of the earnings. You really are relying on unrealised capital gain to make money.
Of course. The yields are in the toilet right now. It's dead money until you sell in a lot of cases
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@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
It’s the battery tech, not the cars.
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@MajorRage said in Investing - Property/Shares:
@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
It’s the battery tech, not the cars.
It's like my old teacher used to say, car companies sell engines
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@MajorRage said in Investing - Property/Shares:
@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
It’s the battery tech, not the cars.
The share price is reaching nose bleed levels now. Oh to go back to early last year and buy a big chunk of stock
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@canefan said in Investing - Property/Shares:
@MajorRage said in Investing - Property/Shares:
@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
It’s the battery tech, not the cars.
The share price is reaching nose bleed levels now. Oh to go back to early last year and buy a big chunk of stock
It’s fucked and makes no sense on any metric.
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@MajorRage said in Investing - Property/Shares:
@canefan said in Investing - Property/Shares:
@MajorRage said in Investing - Property/Shares:
@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
It’s the battery tech, not the cars.
The share price is reaching nose bleed levels now. Oh to go back to early last year and buy a big chunk of stock
It’s fucked and makes no sense on any metric.
They account for something like 1% or less of global auto sales? People love his story, and everyone wants to get on the bandwagon to make lots of money. You just need to beware of a big corrections sometime soon
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@MajorRage said in Investing - Property/Shares:
@canefan said in Investing - Property/Shares:
@MajorRage said in Investing - Property/Shares:
@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
It’s the battery tech, not the cars.
The share price is reaching nose bleed levels now. Oh to go back to early last year and buy a big chunk of stock
It’s fucked and makes no sense on any metric.
Well it does on the understanding that any market built on human confidence is bound to get stupid at some point.
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@MajorRage said in Investing - Property/Shares:
@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
It’s the battery tech, not the cars.
Bingo - Tesla isn't a car company, it is a tech company that makes cars.
Throw in the massive missteps by companies like Volkswagen and the refusal of some OEM to change rapidly (looking at Toyota and their "self-charging" hybrids), and it is not beyond complete insanity to put Tesla at the top of the pile by a long way.
Particularly in a carbon-constrained market, and before all the legislation forced changes.
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@NTA they're not that much far in front of everyone else. Chinese battery tech is bloody good. Hyundai make good electric cars. Tesla is a mini bubble
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@mariner4life said in Investing - Property/Shares:
@NTA they're not that much far in front of everyone else. Chinese battery tech is bloody good. Hyundai make good electric cars. Tesla is a mini bubble
No, probably not any more at a purely technical level, but Tesla have been doing it for a decade now, and don't suffer the political strains of Chinese companies.
Or their reputation. "Hey mate, nice Ford Ranger" versus "Great Wall, huh? Riiiiiight..."
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@NTA said in Investing - Property/Shares:
@mariner4life said in Investing - Property/Shares:
@NTA they're not that much far in front of everyone else. Chinese battery tech is bloody good. Hyundai make good electric cars. Tesla is a mini bubble
No, probably not any more at a purely technical level, but Tesla have been doing it for a decade now, and don't suffer the political strains of Chinese companies.
Or their reputation. "Hey mate, nice Ford Ranger" versus "Great Wall, huh? Riiiiiight"
They are the Apple Computer of the car world right now. Kid of geeky cool to have one
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@canefan said in Investing - Property/Shares:
@NTA NIO is making waves on the US stock market now, they are coming
And no doubt they'll do well along with XPeng who are turning out some sexy cars. But trust is a big thing and large sections of the American market look at Asian cars with suspicion. That's why I think Rivian and Ford will do well with their pickups.
Throw in China's reputation for embedding suspect chipsets for remote control/data access, and, well...
But we're OT right now and the Mods are eager to append all this to the EV thread
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Anyway, back to shares n shit:
How does the KiwiSaver thing work in terms of where it is invested?
Is it similar to Oz? For example, here I choose my Super fund manager (BT for example) and can even tell the financial adviser both where the balance of funds should sit in terms of risk, and also how the individual tranches are structured e.g. put this much in cash and then split the rest here, here, and there.
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@NTA bunch of different providers and with each (all?) you have a range of low, medium, and high risk options for investment. I don't actually know how widely provider options vary, really should look into it more.
I know you can change your split for further contributions, but I haven't tried to move existing investment from one bucket to another.
Recommendations on KiwiSaver providers welcome
