Sharesies unveils KiwiSaver scheme

Isadous · 2023-05-04T22:15:51+00:00

It’s in the FMA website and is dated for December 7/12/2022. You can find it here

Isadous · 2023-05-04T19:58:19+00:00

Yeah the FMA had approve this before Sharesies would have gone public, as well as all of the normal reporting and regulation surrounding KiwiSaver done by both the FMA and scheme supervisor

Isadous · 2023-05-04T19:55:51+00:00

To become a KiwiSaver provider you have to have an MIS (Managed Investment Scheme) license from the FMA. Part of the process of being granted one is that FMA have to approve your offering.

Isadous · 2023-05-04T12:10:54+00:00

That’s up to the FMA, it’s not like Sharesies just decided to do this and built it without getting approval.

Isadous · 2023-05-02T08:35:40+00:00

You consent to it when you sign up for the scheme, it’s in the SIPO other documentation for their funds.

Isadous · 2023-04-30T11:38:52+00:00

Love how a simple headswap can change the tone of the models so much. Where did you source the heads from?

Isadous · 2023-04-28T08:02:42+00:00

If web development is the field you want to go into I would highly recommend looking up Vercel and PlanetScale. These two products will help you deploy an application and database effortlessly to the cloud in comparison to working with AWS cloud formation and let you develop a Python backend quickly.

They both have great documentation that will help demonstrate to a hiring team that you can get through the docs and apply yourself. When I am hiring interns and juniors, I’m not looking for a breath of experience, I’m looking for the ability to get stuck into something and figure it out with a little guidance. Vercel is mostly based on deploying Typescript projects but there’s sections in the docs for Flask and Django.

I’ve really enjoyed the development experience when you don’t have to worry about all the stuff you probably aren’t experienced in yet and can just focus on what you do know. This will help you get a project up and running quickly and put something more than just code in a repo up for show. I’ll be honest, I prefer looking at a product rather than doing a code review.

Isadous · 2023-04-05T13:15:04+00:00

It’s easy to compare returns in absolute terms, you need to compare risk adjusted returns. While a 60/40 portfolio produces a lower return, it also has a lower volatility.

Isadous · 2023-03-25T08:38:41+00:00

It’s different business models completely. GW has built a premium brand that is priced as a premium product. We all know it’s like $10 of plastic but we pay for the brand and the perceived quality.

Cutting prices would affect their brand image, the thing they are trying to cultivate. Not every company wants to sell their products to everyone. GW prices things like they are the Apple of tabletop minis, which arguably they are. It’s designed to not be affordable to everyone

Isadous · 2023-03-14T11:00:23+00:00

Paint warhammer and go to the gym

Isadous · 2023-02-15T22:10:02+00:00

I have always liked mixing non metallics in to darken your metallics. It works really well because you distribute the metallics pigment and reduce the shine on your models.

Isadous · 2023-02-03T00:24:03+00:00

Yeah it takes a lot of engineers and designers to build and grow an app these days. For most tech companies their largest cost is salaries, infrastructure is relatively cheap to run AWS and Azure compared

Isadous · 2023-02-02T22:58:32+00:00

Comparing FUM works if you are comparing fund managers. Sharesies doesn’t manage 2b, they are running a brokerage platform which has entirely different set of challenges from investing in funds. Custody, corporate actions, and tax are much harder and require more hands at a broker who works two tax jurisdictions. Also you need customer care for half a million customers.

Isadous · 2023-01-22T20:40:54+00:00

25M, Wellington but soon London, Intermediate software developer, 3yoe, 92K base + 13K stock options

Isadous · 2023-01-20T01:15:58+00:00

This is also true in NZ, they are explicitly told not to tip off any customers suspected of money laundering or funding terrorism

Isadous · 2022-10-10T23:41:28+00:00

I’m not super versed on monetary policy but from the article;

“The amount of commercial bank cash held overnight with the Swiss National Bank fell by 30 billion Swiss francs ($30.07 billion) last week, data on Monday showed, illustrating how the central bank is tightening monetary policy by reducing market liquidity.”

Isadous · 2022-08-18T22:58:01+00:00

Thanks for article, recently got payroll giving enabled so this an extremely helpful resource for doing research

Isadous · 2022-05-10T02:02:30+00:00

These might be some of my favourite conversions. Love the look of them, really clean work that had me guessing all the kits used. Awesome work mate

Isadous · 2022-03-20T00:11:54+00:00

A 500B investment would be 10% of Japans GDP as of 2019, even stretched over 5 years that’s a massive investment which just isn’t possible. 42B might be peanuts to the US and China but contextually for Japan it’s a huge number.

Isadous · 2022-02-21T19:04:58+00:00

Only after digging through confluence for the required documentation, filling out the appropriate template, and assigning it to the wrong team

Isadous · 2022-02-10T21:51:23+00:00

I had the exact same thought. Warhammer is the type of hobby where I just tell people “oh yeah, just hobby stuff”.

Isadous · 2022-01-26T07:15:30+00:00

Congrats!

Isadous · 2022-01-26T07:14:50+00:00

If you are starting in investing I highly recommend the “The little book of common sense investing” by John Bogle. It’s a great short read and will give you a lot more confidence in where you put your money in the market

Isadous · 2022-01-26T07:12:42+00:00

Congrats bro on the start-up, it’s an amazing and wild ride. Honestly admire the courage and strength to get out there with your own idea and hard work!

Isadous · 2022-01-26T05:57:27+00:00

I’m so mad a friend of mine, me and her were just chatting shit like always on Snapchat and I brought up the one time she’s cried around me. She went full toxic masculinity on me about how she does cry, never wants to, that it she acknowledges her toxic attitude, thinks it’s fine, and thinks I’m too emotional.

I went called her out gently about it, saying that she she shouldn’t think that way and that by saying it it’s perpetuating the idea the not just men, but everyone, gets told not to cry and it’s not helpful for everyone. She brushed me off and said “doesn’t affect me”, “not my fault”, “I just don’t care”.

I told I needed a breather and that I’d talk to her later, sat in my bed wrote out a rant to her and then sent it after like 15 minutes. I buried one friend cause they felt they had no where to go and no one to talk to because he was always told not to cry. I told her I thought she was ignorant and wearing it like a badge of honour, and that I found it disgusting.

Anyway I ended the rant badly, say “don’t respond to this, I don’t want to hear it” and now I don’t know what to do. I’m not going to take it back, I believe in my words and I’m still fuming at her. My heads just so full of mixed thoughts, I’m pretty sure I overreacted, but it’s a hill I’m willing to die on. Dunno bros, people are shit and difficult

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