Investing - Property/Shares
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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?
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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.