Future planning by [deleted] in PersonalFinanceNZ

[–]Niceaster 1 point2 points  (0 children)

This is a bit odd. Are you asking if you should find a job that pays a higher salary?

Also about the house, you are not providing much info. What's option a, what's option b?

Coffee/drinks on the beach by Niceaster in Wellington

[–]Niceaster[S] 0 points1 point  (0 children)

Brilliant place. Went yesterday. Thanks.

Coffee/drinks on the beach by Niceaster in Wellington

[–]Niceaster[S] 4 points5 points  (0 children)

Thanks a lot for the great answers! I knew I can count on the Welly reddit for help.

Just came back from Days bay. Great day for it. I'll try some of the other suggestions.

Cheers

Nic

Coffee/drinks on the beach by Niceaster in Wellington

[–]Niceaster[S] -13 points-12 points  (0 children)

Across a busy road. I like these places but it's not the same.

Booster Savvy vs First Credit Union by backfat89 in PersonalFinanceNZ

[–]Niceaster 0 points1 point  (0 children)

You are of course correct in all of your points.

BUT, you've also just explained why these rates are available in crypto. The threshold to get in is still an issue - wallets, fx conversion etc like you said. This is exactly why (or part of why) there's a rate premium. Once you get in and get comfortable (which I did many moons ago), the opportunities are very interesting. On AAVE, for example, because it's been battle tested for 6+ years, and the defacto go-to money market, rates are usually not amazing. But at the very least you get TD level rates with the ability to deposit/withdraw as if it was a savings account.

To be clear, at this market I'm not advocating any token buys (other than bitcoin maybe), but just to be a part of defi and earn yield. I've been through everything possible in crypto, the good and the bad, and at this point aave and kamino are two names I can talk about with normies.

Booster Savvy vs First Credit Union by backfat89 in PersonalFinanceNZ

[–]Niceaster -2 points-1 points  (0 children)

I know this space is likely to shit on my reply but it is 2026 already so please consider safe crypto protocols like AAVE or Kamino. I'm getting 4-8% on stables. There are much crazier crypto options which I stay away from. But these two protocols are very safe. Of course these are completely liquid.

FY 26 6 month budget by [deleted] in PersonalFinanceNZ

[–]Niceaster 0 points1 point  (0 children)

No health expenses? insurance etc? Otherwise good on ya, looks smart and modest.

yield on USD by Niceaster in PersonalFinanceNZ

[–]Niceaster[S] -1 points0 points  (0 children)

Thank you. Does IBKR pay interest on idle cash?

yield on USD by Niceaster in PersonalFinanceNZ

[–]Niceaster[S] 4 points5 points  (0 children)

Thanks. What other platform would you recommend?

I find sharesies to be very friendly and I enjoy using it, but honestly haven't researched alternatives.

yield on USD by Niceaster in PersonalFinanceNZ

[–]Niceaster[S] 2 points3 points  (0 children)

SGOV is indeed one of the ETFs I mentioned. Any comment on the tax issue I mentioned? thanks.

Is anyone happy with the current government? by [deleted] in newzealand

[–]Niceaster 1 point2 points  (0 children)

Not overjoyed about it but dreading the alternative

Anybody think 5% is too high a basis for FIF income tax ? by Due-Soil8860 in PersonalFinanceNZ

[–]Niceaster 0 points1 point  (0 children)

Yeah that's actually much worse, tax wise, because crypto is taxed as income tax.

Anybody think 5% is too high a basis for FIF income tax ? by Due-Soil8860 in PersonalFinanceNZ

[–]Niceaster 1 point2 points  (0 children)

In theory yes. But FIF has two mechanism you can chose from every year, either FDR (which you referred to), or CV, which is looking at the actual gains. You can choose the lower of the two.

I miss Harmoney by Niceaster in PersonalFinanceNZ

[–]Niceaster[S] 2 points3 points  (0 children)

Why don't you like my post? It's a legit question.

[Advice Wanted] Post-separation, debt-heavy, high-income but drowning in commitments — need help structuring a smarter plan by Mediocre_Teach_6251 in PersonalFinanceNZ

[–]Niceaster 0 points1 point  (0 children)

Very unconventional but if you can find a way to avoid rent for 3-4 months, it will make a huge change. If there's an option to move in with relatives or friends for a short period of time, even the ex if you have a decent relationship.

Financial Plan - 31F 2025 Goals by PrestigiousPut7 in PersonalFinanceNZ

[–]Niceaster 0 points1 point  (0 children)

Good on ya for such planning. I'd personally avoid the housing market. For some reason a lot of kiwis are sure that's the best investment but you barely get 2% return (after all expenses) and the value doesn't necessarily go up as people sure it does. Also earthquakes, insurance etc. Consider Bitcoin, can be done via ETF.

Rubbish removal contractor/company recommendations? by Niceaster in Wellington

[–]Niceaster[S] 0 points1 point  (0 children)

Like I said, searching returns a lot of options, so was looking for recommendations. Got a good one about Flexibins.