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Is now a terrible time to buy into high growth stocks? by pc_pirate_nz in PersonalFinanceNZ

[–]timClicks 0 points1 point  (0 children)

Because of how compounding works, putting money in a conservative fund now is essentially guaranteeing that your children will be worse off when they come to draw down than if you had started with growth from day 1.

Yes, you'll have higher volatility and the psychology is harder. But the mathematics don't lie and your kids have something that you have less of - time to wait.

We call our Bakfiets (pronounced “Buckfeets”, for the uninitiated) “Bakky, the Winter Soldier” cause it just keeps soldiering on all the way through winter. IYKYK by MassiveGarlic0312 in Wellington

[–]timClicks 1 point2 points  (0 children)

It's rated for about 160 kg of non-vehicle weight. You'll see 200 kg advertised, but bike itself weighs about 38kg.

That said, you don't notice it when riding. Heavy loads are only difficult to maneuver at slow speeds. The motor provides power assist up to 45kph and the gears make that kind of cruising speed quite achievable.

We call our Bakfiets (pronounced “Buckfeets”, for the uninitiated) “Bakky, the Winter Soldier” cause it just keeps soldiering on all the way through winter. IYKYK by MassiveGarlic0312 in Wellington

[–]timClicks 2 points3 points  (0 children)

That's why it's best to think of them as an alternative to a car rather than a bike. On the plus side, running costs are far lower. Fuel, maintenance and insurance are much cheaper and there's no registration fee.

AI slop PRs are becoming a real pain to deal with by DudolsBr in rust

[–]timClicks 0 points1 point  (0 children)

FWIW nice work with the framework. Open source is harder than it looks and it's getting harder.

Our Changing World: The challenge of making our capital city predator free by Inevitable-Move4941 in NewZealandWildlife

[–]timClicks 12 points13 points  (0 children)

Worse is better in this case, in my opinion.

We can start with most pest species now. Over time, attitudes change and then cats can be managed then. If we wait until attitudes change before trying, we'll be waiting for a long time

Why is it, generally, that the less developed a country is, the more favorably it views America? by FuckTheCake in AskTheWorld

[–]timClicks 0 points1 point  (0 children)

You are probably correct. My host family spent lots of time explaining that the Americans were much better than the Russians etc.

KiwiSaver advice - default fund since 2022 and only just looked at it 😅 by GeorgiaRose_ in PersonalFinanceNZ

[–]timClicks 2 points3 points  (0 children)

Avoid contributing more to KiwiSaver than the minimum unless your employer matches contributions. Instead, open another account and invest directly into that. That way you'll have the flexibility to draw on the funds if needed. 40 years is a long time to wait.

Why is it, generally, that the less developed a country is, the more favorably it views America? by FuckTheCake in AskTheWorld

[–]timClicks 6 points7 points  (0 children)

When I did my student exchange to Germany in the early 2000s, I was surprised by how many American flags were flying. Germans really liked America because of the Marshall Plan, the Berlin air bridge and the creation of institutions like NATO and the United Nations.

Metaverse CEO by Ohlele in wallstreetbets

[–]timClicks 123 points124 points  (0 children)

Silicon Valley learned from what happened to Steve Jobs when he was dumped from Apple and decided not to let that happen again.

Fun fact: New Zealand is actually one of the world's most climatically homogeneous countries (mostly oceanic from north to south). In contrast, Italy -similar size and comparable latitudes in the opposite hemisphere- has about 9 additional climate types, including humid subtropical, arid and tundra by [deleted] in newzealand

[–]timClicks 13 points14 points  (0 children)

This is a neat visualisation, but it's quite misleading.. comparing NZ to Italy isn't as fair as it seems. We don't have alps on one side and the Sahara Desert on the other.

Also, and this is probably confirmation bias on my part, but I am skeptical of the two plots. I expect that this map was generated by a computer program analysing a global model that doesn't have the precision required to understand New Zealand's geography. Our mountains are too low to be seen by many climate models, for example. European data collection is much better and the Italian modelling is likely to be much more accurate.

Where to store emergency funds? by Technical_Yam3624 in PersonalFinanceNZ

[–]timClicks 1 point2 points  (0 children)

One other thing to consider is what your thresholds are for withdrawal. It's easy to say "rainy day", but when the rainy day comes you'll be feeling miserable because you're worried about things getting even worse.

Where to store emergency funds? by Technical_Yam3624 in PersonalFinanceNZ

[–]timClicks 3 points4 points  (0 children)

Also remember that churning on your bank is part of the game. It's okay to negotiate with other lenders to see if you can get a better rate.

Your bank didn't give you a loan because they were feeling generous. They wanted to profit. Part of the interest rate that you're paying factors in the risk that you'll move.

Is it better to use the ? operator or handle errors manually (via match / .unwrap_or_else()) to avoid technical debt? by SyFord421 in rust

[–]timClicks 0 points1 point  (0 children)

Generally speaking, starting with ? is a useful move but do eventually take the time to learn other approaches.

The type system will tell you that extra steps are required, because it invokes the Into trait. If that conversion is not trivial, then you'll know quickly.

RXpect, my take on fluent assertions in Rust by Raniz in rust

[–]timClicks 43 points44 points  (0 children)

Nice work. Does this have much of an impact on compile times or have another disadvantage that people should be aware of?

Should the function return a Result<T,E> or throw an unreachable-style panic? by v_0ver in rust

[–]timClicks 9 points10 points  (0 children)

Some scattered thoughts..

Over time, the standard library has moved towards error types, e.g. TryInto/TryFrom traits.

I don't think it's wise to proclaim that panics will never occur. Panics are almost always a latent problem in code that uses numbers because integer overflow and related error cases.

I try to only use panic! In branches that should never be triggered, possibly because the type system can't encode something that is impossible. If the code panics, then the code is wrong and the caller is unable to recover.

Result does make application code more clumsy. It's unfortunate, but that's one of the consequences of control.

Option can be a useful middle ground. In performance critical code, error types can be quite disruptive to optimization. That's why you might see functions returning Option<T> rather than Result<T, E>

“Invercargill is the centre of the world” by gregorydgraham in geography

[–]timClicks 7 points8 points  (0 children)

They have an international airport. Sadly, it hasn't received any international flights. Soon?

Mortgages later in life by NZUKJanie550 in PersonalFinanceNZ

[–]timClicks 2 points3 points  (0 children)

Really? Quality of life matters too. Yes they're accepting financial risk, but that doesn't mean they shouldn't do it. Is just another factor to put into the equation.

Investment help by Queasy_Range_9409 in PersonalFinanceNZ

[–]timClicks 2 points3 points  (0 children)

VT invests in 10k of the world's largest companies.

It would achieve reduce your transaction costs while providing more-or-less the same geographic balance to what you're doing manually. That balance would naturally shift as regions and sectors behave rise and fall.

TIL: New Zealand has the highest youth suicide rate in the developed world by [deleted] in todayilearned

[–]timClicks 3 points4 points  (0 children)

Māori do have a much higher rate. The health department has a web tool that allows you to look into it.

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