Investing - Property/Shares
-
-
@mariner4life said in Investing - Property/Shares:
@NTA it's more like "well, we'll give you this money if you put your house and your first born up. And your line fee is high because you have no trading history"
or, alternatively
"look, you have no trading history, come see us when you have 2 years of financials. And also put your house on the line"
People shouldn't have to risk their house to try and build a business. Personal guarantees can fuck entirely off
Fuck yes, especially that last line.
-
@Snowy said in Investing - Property/Shares:
@canefan said in Investing - Property/Shares:
You need a reassuring level of debt it would appear
That is amusing. I had more trouble raising funds once I owned things too.
My parents paid off their mortgage just after they got Caravan #1, and found it very inconvenient when they went for Caravan #2 a couple of years later
-
@NTA said in Investing - Property/Shares:
@Snowy said in Investing - Property/Shares:
@canefan said in Investing - Property/Shares:
You need a reassuring level of debt it would appear
That is amusing. I had more trouble raising funds once I owned things too.
My parents paid off their mortgage just after they got Caravan #1, and found it very inconvenient when they went for Caravan #2 a couple of years later
Crazy eh? The banks are not happy when you pay off what you owe, they want to keep you perpetually in their debt. A bit like the mafia...
-
@canefan said in Investing - Property/Shares:
@NTA said in Investing - Property/Shares:
@Snowy said in Investing - Property/Shares:
@canefan said in Investing - Property/Shares:
You need a reassuring level of debt it would appear
That is amusing. I had more trouble raising funds once I owned things too.
My parents paid off their mortgage just after they got Caravan #1, and found it very inconvenient when they went for Caravan #2 a couple of years later
Crazy eh? The banks are not happy when you pay off what you owe, they want to keep you perpetually in their debt. A bit like the mafia...
I mean, the clue is in the word mortgage (death debt)...
-
@Godder said in Investing - Property/Shares:
@canefan said in Investing - Property/Shares:
@NTA said in Investing - Property/Shares:
@Snowy said in Investing - Property/Shares:
@canefan said in Investing - Property/Shares:
You need a reassuring level of debt it would appear
That is amusing. I had more trouble raising funds once I owned things too.
My parents paid off their mortgage just after they got Caravan #1, and found it very inconvenient when they went for Caravan #2 a couple of years later
Crazy eh? The banks are not happy when you pay off what you owe, they want to keep you perpetually in their debt. A bit like the mafia...
I mean, the clue is in the word mortgage (death debt)...
If you die in debt, you've won.
-
@NTA said in Investing - Property/Shares:
@canefan said in Investing - Property/Shares:
Our problem was that we stopped acquiring. You need a reassuring level of debt it would appear
... Right now I'm weighing up whether to fix for 4 years (P&I) at 1.99% or stay where we are at variable 2.88% - my lizard brain only remembers that every time I fixed in the past, the market dropped below that
You're currently paying nearly 1% over the fixed rate. Rates would have to drop by over 1% when you take into account lenders margin before you will be out of pocket. I'd go for the fixed mate.
-
@Catogrande said in Investing - Property/Shares:
@NTA said in Investing - Property/Shares:
@canefan said in Investing - Property/Shares:
Our problem was that we stopped acquiring. You need a reassuring level of debt it would appear
... Right now I'm weighing up whether to fix for 4 years (P&I) at 1.99% or stay where we are at variable 2.88% - my lizard brain only remembers that every time I fixed in the past, the market dropped below that
You're currently paying nearly 1% over the fixed rate. Rates would have to drop by over 1% when you take into account lenders margin before you will be out of pocket. I'd go for the fixed mate.
Yeah might fight the Lizard Brain on this one and ring them next week.
-
-
@pakman said in Investing - Property/Shares:
@voodoo said in Investing - Property/Shares:
Last time I fixed rates was in 2014 when I secured the bargain rate of 4.99% for 5yrs on 50% of my mortgage.
Proper fucking clairvoyant I am.
What Investments are you selling at the mo?
-
@pakman said in Investing - Property/Shares:
What Investments are you selling at the mo?
Nice. That was my investment strategy for years. I'd see what all of my work colleagues were doing, and do the opposite. Pilots are notoriously bad investors. Quite a number of guys who had ostrich farms, pine forests, and mines for precious metals because someone else had bored them senseless for 12 hours saying how good it was.
Needless to say I never had any of those things (I do like ostrich though, delicious).
-
-
@dogmeat said in Investing - Property/Shares:
@Snowy The Northcote Tacvern was bought 30 years ago by a group of Air NZ pilots. Reckon they'd have done OK out of it
I'm sure that you helped keep the profits up.
Actually quite a few were with Viranda properties that invested on their behalf in commercial stuff, and they did well. I knew the owner from aeroclub days when he was learning to fly and now they are managing a commercial that I lease. NZ is such a small place.
-
Reviving this topic as I might get myself in a position to be able to buy some NZ rugby shares if that happens. My Bank here in Japan has an acount which allows you to do it very easily, but in NZ it looks like things are run through Jardin direct. Anyone know anything about whether that is a good way to go or not?
I have a funny feeling that @Magpie_in_aus or someone else also knows about some reasonable places to get returns, my wife casually also mentioned that we could send some extra cash back there, and if there are some reasonable places to store some money away and get a return, that could be an option as well.
-
@mariner4life said in Investing - Property/Shares:
Can someone explain to me how suddenly Tesla is worth more than every other car company combined?
The aspirational market. And their cars accelerate very fast to the cafe.
-
@nostrildamus 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?
The aspirational market. And their cars accelerate very fast to the cafe.
As long as it’s in a straight line and not too far away.
-
@pakman said in Investing - Property/Shares:
@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.
Very prescient call, if a tad early.
