Investing - Property/Shares
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[edit - split from 'Hapiness Scale' thread]
@Bones said in Happiness Scale:
Yeah nah I could do it eh. Pay off the mortgage, buy some properties under stamp duty that need doing up and then some part time Amazon delivery or ubering.
Who's gonna donate so I can prove it?
From what I've been told, using property to fund your lifestyle can be really stressful and anything but happy
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@Victor-Meldrew said in Happiness Scale:
@Bones said in Happiness Scale:
Yeah nah I could do it eh. Pay off the mortgage, buy some properties under stamp duty that need doing up and then some part time Amazon delivery or ubering.
Who's gonna donate so I can prove it?
From what I've been told, using property to fund your lifestyle can be really stressful and anything but happy
This. I'm getting out of most of it. It has been a tidy earner for me though.
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@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.
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@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.
Dunno about other countries, but here in the UK investing in the top 100 shares (pretty simple & conservative strategy) and re-investing dividend income gives a better return than housing - even with the loopy property prices here.
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@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
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@taniwharugby I hear ya. We have been looking at investment options as property seems the hands down winner in terms of return. We are a chance to move to another area and keep our current place as a rental, but we are on the fence about whether we do it. It's hard to work out if the stress is worth the potential/likely gain, especially with young kids in the mix.
With winning money conversation I wonder how often people have messed up due to pressure from family and friends. I mean we've been looking at it as can you live well off X amount of pingas. That's sweet if you can keep it on the down low, or give zero fucks about any expectations to share the wealth
Part of life happiness for me is my family doing well, whatever that looks like for them. So it'd be cool to win enough money to sort their mortgages or put a good dent in them. I think if we did win any sizeable amount of money that we'd both keep working, but probably part-time and definitely flexible!
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@Victor-Meldrew Its pretty much the same here but equities have a bad rep gained during the 87 crash which has embedded in the national consciousness in the same way as the underarm incident
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@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.
If you are getting into too much debt to do it, it would be pretty stressful.
Then you get a tenant who smokes P in it and things get ugly quickly, bloody bitch. Two young kids too. It was insured but it took me six months to sort it out. It's also getting more difficult to get rid of shit tenants with changes to laws. They aren't exactly helping with rental property shortages.
Yes to both comments above - tracker funds aren't a bad way to go and the diversity reduces risk. The same thing applies though, never be in a position where you have to sell, whatever the investment.
My old man, who has made plenty out of shares (was an accountant) gave me a tip when I was trading quite a lot and markets were quite volatile. If you have made a large capital gain sell what it cost you, and keep the rest. Effectively means that you have no risk as what you kept cost you nothing. Stress free stock holdings.
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@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.
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@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
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@canefan said in Happiness Scale:
@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
I’ve been doing it professionally for 35 years. Not saying sell. Just be aware things are very high.
Don’t disagree if you’re talking ten year time frame.
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@pakman said in Happiness Scale:
@canefan said in Happiness Scale:
@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
I’ve been doing it professionally for 35 years. Not saying sell. Just be aware things are very high.
Don’t disagree if you’re talking ten year time frame.
Yeah I think some are going to get burned at some point soon. I'm a long term buy and hold guy, the average returns compared to the NZSX and the banks are very significant
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@Snowy yeah doing the numbers I think we could handle it financially, but I just dont htink I want the headache, plenty of variables, including P...think I'll just keep smashing away on my mortgage and chucking money at my kiwisaver for now.
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@taniwharugby said in Happiness Scale:
@Snowy yeah doing the numbers I think we could handle it financially, but I just dont htink I want the headache, plenty of variables, including P...think I'll just keep smashing away on my mortgage and chucking money at my kiwisaver for now.
You could get a manager to manage a property for you. I know it costs but it takes away the stress and hassle
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@dogmeat said in Happiness Scale:
@Victor-Meldrew Its pretty much the same here but equities have a bad rep gained during the 87 crash which has embedded in the national consciousness in the same way as the underarm incident
I got burnt. Didn't have much in it as was young, but Equiticorp went broke (bunch of crooks) and Brierleys went through the floor. They were two of the biggest companies around. Equiticorp was a lesson for me.
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@Snowy said in Happiness Scale:
@dogmeat said in Happiness Scale:
@Victor-Meldrew Its pretty much the same here but equities have a bad rep gained during the 87 crash which has embedded in the national consciousness in the same way as the underarm incident
I got burnt. Didn't have much in it as was young, but Equiticorp went broke (bunch of crooks) and Brierleys went through the floor. They were two of the biggest companies around. Equiticorp was a lesson for me.
My dad is still scarred from that one. All those big companies in the 80s were shells, deals being done on napkins etc. I think the market is totally different now. But there are those who invest, and those who gamble
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@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.
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@canefan said in Happiness Scale:
@Snowy said in Happiness Scale:
@dogmeat said in Happiness Scale:
@Victor-Meldrew Its pretty much the same here but equities have a bad rep gained during the 87 crash which has embedded in the national consciousness in the same way as the underarm incident
I got burnt. Didn't have much in it as was young, but Equiticorp went broke (bunch of crooks) and Brierleys went through the floor. They were two of the biggest companies around. Equiticorp was a lesson for me.
My dad is still scarred from that one. All those big companies in the 80s were shells, deals being done on napkins etc. I think the market is totally different now. But there are those who invest, and those who gamble
Yep. It was all very dodgy. Mostly asset stripping IIRC. I think that they tightened up a lot of the regs after that. The whole Equiticorp thing was still going on in 2010 even though they went broke in 1989ish. NZ steel was a lemon and the government were culpable for some of the collapse. Hawkins ended up in prison too. What a mess.
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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?
