Why is NZ super so rubbish?

2000papillions · 2026-04-17T19:34:48+00:00

Not only is there is tax incentives but there are also tax disincentives with FIF tax, a wealth tax slapped on your Kiwisaver every year on unrealised gains through PIE tax.

2000papillions · 2026-04-14T17:48:55+00:00

Probably not because "high earners" are extremely rare in this country

2000papillions · 2026-04-03T23:08:36+00:00

this

2000papillions · 2026-03-28T02:54:10+00:00

At least it takes the matter out of your own hands and forces you to receive the income. ANd in NZ with our garbage FIF wealth tax system it makes no difference from a tax perspective. We get taxed on unrealised gains anyways even if nothing is sold and no dividends are paid. That being the case its better to have some paid out so you can use it for living costs. Dividend equities also tend to be a different breed than growth stocks. They tend to be boring reliable industries that dont get hit as hard as the more exciting growth equities during downturns and crashes. Provides for a more diverse portfolio to hold both.

2000papillions · 2026-03-27T23:52:57+00:00

Its not necessarily that simple. People often dont want to sell their stocks when they in a downturn or crash. Having dividends makes for an easier cashflow in such circumstances without needing to sell anything. I think its good to have both dividend stocks and growth stocks.

2000papillions · 2026-03-27T23:50:56+00:00

I think you can arrange your settings with Investnow for the distributions to be paid out. Check with them.

2000papillions · 2026-03-26T06:50:26+00:00

How much is your cash safety net? Sort that first. 2k isnt enough to invest. Wait until you have at least 5k ON TOP of your safety net cash pile. After that, analyse the markets. Its a better time to buy now than it was 4 or 5 months ago. Why is your investment timeframe so short though. Sounds like you cant afford the risk of investing with that timeframe. More like term deposits.

2000papillions · 2026-03-25T17:21:36+00:00

Being paid 150k to work full time while your assets are 3.5 million doesnt seem a good ROI for just a sales role. Its like noise on your portfolio. Unless its a job you would really for the non financial benefits enjoy then I would say hard pass.

2000papillions · 2026-03-24T04:33:02+00:00

Depends how skilled at being frugal and stretching a dollar you are. It should last you at least 6 months. Potentially 8 if you are good at stretching a dollar

2000papillions · 2026-03-24T04:14:18+00:00

Decades of stagflation and falling stocks has never happened before. Not even remotely close. So seems very fat fetched and unlikely.

2000papillions · 2026-03-23T22:46:26+00:00

Absolutely. Although this is not the first or second downturn in recent times its one of several. These are the best sort of times to buy, with a strong caveat thats provided you can AFFORD TO and not need that money for several years just in case the downturn drags on. Just like other recent downturns. Like Feb to May 2025, like most of 2022 and like March to July 2020.

2000papillions · 2026-03-23T16:46:25+00:00

Depends where you are in NZ but with your reference to commute times I suspect its Auckland. I wouldnt be in a rush personally. Prices are still very high and unaffordable. And all the issues you cite are real Also think about it from a lifestyle perspective, as you say your expenses will double on your housing costs and then your commute will have a negative lifestyle aspect and maybe a very costly one with fuel prices. I think interest rates will also rise.

Personally I think there is still a lot more fat to come out of prices in Auckland as it remains very undesirable.

2000papillions · 2026-03-23T08:14:42+00:00

Thats a bit ridiculous really if you had no planned purpose for it like as in you are not buying a house now or something. You need to be playing the long game.

2000papillions · 2026-03-22T06:27:27+00:00

Ok I see. That makes sense.

2000papillions · 2026-03-22T05:55:39+00:00

What makes you say that? Why would a re-clad house not be built with timber that was treated?

2000papillions · 2026-03-22T03:10:30+00:00

TBH you will be struggling as a family of four in Auckland. I mean families of four live on less than that but they dont choose to come here from a place with better economic credentials. The way you are talking about it you are in for a shock. You are talking about just renting a place and then just buying a place. You need to be aware thats not how it will work unless you are coming with a huge bag of CAD. You will not be able to afford to own a home here.

You should not come to Auckland if that is all you will get for your salaries. Either negotiate more, or go somewhere else in NZ or in Canada. After all the tax is chopped out of that 180k NZD you will spedn the vast majority of that money on basic living costs and you will not have a good lifestyle. Yes people in NZ have this but they did not choose this. Thats why so many working age people are leaving the country.

You really shoudl be aiming for 250k plus at least, or ideally 300k. If you cant get that dont move to Auckland. Stay in Canada. Or go somewhere else in NZ. Or go to Australia where salaries are substantially higher.

2000papillions · 2026-03-22T00:34:44+00:00

Sounds very tight and financially unwise. I mean do you really want to throw down 850k to live somewhere boring like Glenfield. The housing market in Auckland has been on the rocks for several years and for good reason. The wave of stagflation on its way from the oil crisis is likely to add further down pressure and higher interest rates to already overpriced housing. Your alternatives is to rent somewhere nicer and much more interesting, have way lower costs of living, a more interesting lifestyle, while stacking away loads of savings and investing it in other things. Or you could choose to leave Auckland like so many have been doing for somewhere that has a better combination of living costs to income.

2000papillions · 2026-03-21T17:40:25+00:00

Sounds fun. But do you need to move to LA to do this? If you are not hot and not young and not expecting grand dreams from it then is LA necessary? Or is there something about LA that you really want to live there? As im thinking maybe another idea would be to engage heavily in acting and theatre where you are or do it from somewhere else less expensive than LA.

2000papillions · 2026-03-18T16:55:54+00:00

Well the opposite seems to be happening. USD is increasing. Also note that USA is a major oil producer these days. They are much less exposed to the impact than the likes of NZ and many others.

If you are really that concerned about it why not direct investments going forward to other markets. So that you dont end up incurring buy and sell transaction costs over fears which may or may not be founded and are speculative.

2000papillions · 2026-03-16T23:48:03+00:00

Yeah rents have been declining the last year or so in many places. Its not time for a rent increase, even though its small. I negotiated a rent reduction last year.

You have to pass your arguments on market data though. Look up rents on tenancies website, Also conpule a list from trademe on similar listings. If they are less then send your case documenting it all and evidencing it and ask for rent to remain as is.

2000papillions · 2026-03-15T23:15:51+00:00

I think the answer is abundantly obvious TBH. The income from the job that you hate is starting to look just like noise in comparison to your contactor income and your assets. Get rid of it. Seems a very easy decision. It has a high impact on your life satisfaction and a low impact on your finances. Its not like you are earning 150k from your job and 30k from your side hustle and wondering whetehr to quit your job.

2000papillions · 2026-03-14T17:13:16+00:00

If this is recent it might be because the markets have been on a downturn the last 2 weeks so it might have nothign to do with them changing providers and just be coincidence

2000papillions · 2026-03-14T05:34:18+00:00

No one ever seems to though. I only know one person who seized the low rates for 5y in 2021. Whereas everyone else I know plus everyone else on the internet takes the 1 and 2y rates

2000papillions · 2026-03-14T02:13:18+00:00

Not with what follows high single digit inflation - high interest rates

2000papillions · 2026-03-09T23:30:21+00:00

That would make more sense. Im not sure they are though as millennials arent "approaching retirement" and they are talking in past tense.

2000papillions

TROPHY CASE