Financial advice for a fellow ferner
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M4l raises a few good points there firstly she can fark off, the best way to piss her off at this stage is the enjoy things as much as you can and move on . Especially doing the stuff she hated and hanging out with the mates she loathed, word of this will filter back to her . My ex was not pleased to hear people say they'd never seen me happier , this brings me back to m4ls other point - bar skanks. the best way to get over a woman is to get another one under you ...... temporarily . You don't want to rush into another relationship too soon you've got years of porn and drinking to catch up on,
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<p>Depending on your industry, take the london option. GBP is cheap as chips, house prices have gone up there a lot in the last year, but they should stabilise now, if not fall - a drop of 20-35% isn't completely out of the question.</p>
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<p>NZ is now at a point where the average punter can't afford to buy, and the interest rates are some of the highest in the developed world. This means that unless you can get something with a really high rental yield, you are going to be exposed to a lot of interest rate risk.</p>
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<p>I'd leave it if i I were you and bugger off and reset. but I'm a terrible investor personally, so I wouldn't listen to me!</p> -
<p>I've got this great house in Cairns you can buy, only went on the market today</p>
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<blockquote class="ipsBlockquote" data-author="SammyC" data-cid="596145" data-time="1468367391">
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<p>Join up with<strong> tinder </strong>bro, that way you can canvas every bar skank within a 100 mile radius.</p>
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<p>Beat me to it, I found some chick I actually like though so we both got rid of Tinder together. There were tears........</p>
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<p>Having sold my house I'm also in for a windfall at the end of this month so will eye investment ideas with interest too.</p> -
<p>Cheers for the feedback guys especially anything about a fluffybunny that can fuck off!..definitely progressing well in to the anger stage! Still a very awful time all round.</p>
<p>As for Tinder my mate who comes back and forth to the naki got me to sign up recently..problem is the 'pool' of potentials in this area is incredibly small (both quantity and quality) and of those he has been pretty much with all of them...which is a bit off putting. Still a relocation to a bigger city will fix that quick smart</p>
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<p>Thanks for the tips too, I've just signed up to an investment property seminar in a couple weeks and will have a serious chat with the old man about how serious he is about helping me out. I think part of the issue is just getting my head around that I'm not after a place to live in, just something where the rent value could possibly exceed the mortgage payments.</p>
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<p>Anyone got any tips on getting into the sharemarket? Right now I'm kind of liking the idea of having something constructive to focus on.</p> -
<blockquote class="ipsBlockquote" data-author="Rembrandt" data-cid="596197" data-time="1468376677">
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<p>I've just signed up to an investment property seminar in a couple weeks </p>
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<p>Be bloody careful. They can be a bit like timeshare sales pitches - at the end of the day, if they have leads, why aren't they doing it themselves.</p>
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<p>As always, do your reading. Martin Hawes had a few good books on investment properties in NZ, which may be slightly out of date. You also have to understand why you are buying - is it a hedge against NZ property market exploding (realistically not liekly in the Naki), or as a money making exercise. </p>
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Good luck with whatever you do, and very sorry to hear about the relationship packing up. That shit ain't ever cool.</p> -
<p>In amongst all the hoo-hah about Akl properties the fact that the NZ Ords is up 25% in the last 12 mths has been largely ignored.</p>
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<p>Unfortunately it too is probably due a correction.</p>
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<p>Investing in shares - all depends on how much you have to put in as you do need to diversify.</p>
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<p>The downside of shares is yr 25% growth is off a much lower base unless you have the balls to borrow to but shares (and can get the loan) whereas you get capital gain on the banks share of yr investment property as well as your own.</p>
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<p>Either works as a long term growth strategy. Shares are more liquid if the next Ms Rembrandt turns into more of a keeper than the last bitch.</p>
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<p>I'm cautious of property because while shares are also at all time highs there isn't a political party saying we need a policy to devalue the share market by 40%. Mind you I've been cautious for the last two years and hasn't that worked well....</p>
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<p>It comes down to personal preference, your appetite for risk and how much you can afford, but whatever you do expect to leave your money in place for a decade</p> -
<p>be some good shares going cheap in Europe now, no?</p>
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<p>Not sure I'm best qualified to give advice having gone on record in ~2003 that there were too many cafes and opening another was a dumb idea, and the real estate bubble was about to burst...</p>
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<p>Thankfully shares do better. I play a simple game of long run averages and trying to catch falling knives. Like Australian bank stocks when everyone else is losing their minds.</p> -
<blockquote class="ipsBlockquote" data-author="dogmeat" data-cid="596215" data-time="1468381584">
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<p>In amongst all the hoo-hah about Akl properties the fact that the NZ Ords is up 25% in the last 12 mths has been largely ignored.</p>
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<p>Unfortunately it too is probably due a correction.</p>
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<p>Investing in shares - all depends on how much you have to put in as you do need to diversify.</p>
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<p>The downside of shares is yr 25% growth is off a much lower base unless you have the balls to borrow to but shares (and can get the loan) whereas you get capital gain on the banks share of yr investment property as well as your own.</p>
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<p>Either works as a long term growth strategy. Shares are more liquid if the next Ms Rembrandt turns into more of a keeper than the last bitch.</p>
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<p>I'm cautious of property because while shares are also at all time highs <strong>there isn't a political party saying we need a policy to devalue the share market by 40%.</strong> Mind you I've been cautious for the last two years and hasn't that worked well....</p>
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<p>It comes down to personal preference, your appetite for risk and how much you can afford, but whatever you do expect to leave your money in place for a decade</p>
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<p>To be fair... there isnt a political party saying that either, just 'commentators' ... these commentators like Bernard Hickey generally dont know their ass fro their elbow.</p>
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<p>Who said this just a few days ago</p>
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<p><strong>Ironically, a 40 per cent drop would make housing more affordable for existing home owners because their mortgages would go down.</strong></p>
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<p>Really Bernard? Really?</p>
<p>Even Labour are not stupid enough to want a housing crash.</p> -
<p>no one really said that did they? surely not, that's beyond retarded. </p>
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<blockquote class="ipsBlockquote" data-author="mariner4life" data-cid="596248" data-time="1468386938"><p>
no one really said that did they? surely not, that's beyond retarded.</p></blockquote>
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Arthur Grimes, former RBNZ Governor said it. Don Brash didn't name a percentage figure, but generally agreed that housing affordability is impossible without some sort of "correction". -
<p>My two cents is avoid property. I don't like investing in something which would take work to manage. Property prices can't keep rising like they have been doing. Mostly I like investing in companies which give a good solid dividend return. Obviously a lot of people make a lot of money out of property but it isn't for me.</p>
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<blockquote class="ipsBlockquote" data-author="mariner4life" data-cid="596248" data-time="1468386938">
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<p>no one really said that did they? surely not, that's beyond retarded. </p>
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<p><a data-ipb='nomediaparse' href='http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11671668'>http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11671668</a></p>
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<p>He is a self and media described 'expert'...</p> -
<blockquote class="ipsBlockquote" data-author="Godder" data-cid="596252" data-time="1468387619">
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<p>Arthur Grimes, former RBNZ Governor said it. Don Brash didn't name a percentage figure, but generally agreed that housing affordability is impossible without some sort of "correction".</p>
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<p>that i can deal with, i was talking about the quote from Baron about my house price decreasing meaning my mortgage would be cheaper</p> -
<blockquote class="ipsBlockquote" data-author="Baron Silas Greenback" data-cid="596254" data-time="1468387777">
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<p><a data-ipb='nomediaparse' href='http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11671668'>http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11671668</a></p>
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<p>He is a self and media described 'expert'...</p>
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<p>jesus, he really said it. His whole article is a little fairytale-ish, but i would love to hear his explanation of that line. </p> -
<blockquote class="ipsBlockquote" data-author="Baron Silas Greenback" data-cid="596254" data-time="1468387777">
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<p><a data-ipb='nomediaparse' href='http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11671668'>http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11671668</a></p>
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<p>He is a self and media described 'expert'...</p>
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<p>May be missing the word 'rates'. </p> -
<blockquote class="ipsBlockquote" data-author="Toddy" data-cid="596270" data-time="1468389352">
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<p>May be missing the word 'rates'. </p>
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<p>Even then it isn't accurate. No reason to think that plummeting house prices would definitely be coupled with lower interest rates. It would be a factor of course, but there are lots of others.</p>
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<p>And 'Mortgages Rates' .. isnt grammatically correct either. So I don't think it was a typo.</p>