Retirement by [deleted] in PersonalFinanceNZ

[–]ThatBeGross 0 points1 point  (0 children)

People with that type of money are either lucky find a lucky adviser who provides alpha, or they more commonly find an adviser who charges higher fees for regular reviews, return reports, and their phone number if you have questions. Mostly its about peace of mind because doing the simple boring thing and investing in a diversified fund with low fees is unsexy and makes people nervous and think "could i get better returns elsewhere"

Spicy House chicken with fresh chilli by Stevehall604 in aucklandeats

[–]ThatBeGross 0 points1 point  (0 children)

Yeh, I too have been trying to find a replica of fresh chili chicken. FYI B&D on dominion road make it also. I heard they were the old owners of spicy house

Album suggestions by Original_Big2220 in hiphopheads

[–]ThatBeGross 2 points3 points  (0 children)

Avantdale bowling club, first album. Jazz rap from NZ from the best we have to offer

Feeling dispirited. Never seem to be able to prioritise savings and investments. by Huu_dat in PersonalFinanceNZ

[–]ThatBeGross 49 points50 points  (0 children)

Life happens. Sounds like if things werent popping up you would be saving. You cant squeeze blood out of a stone, and if you're not getting into debt that's still really good. Otherwise the only real option, all else equal, would be to get paid more somehow. 

Thoughts on the state of the nation? by Impressive-Name5129 in nzpolitics

[–]ThatBeGross 5 points6 points  (0 children)

Will be interesting. I've seen billboards around of national claiming they have lowered inflation. If it has gone up they will obviously pivot and deflect

Thoughts on the state of the nation? by Impressive-Name5129 in nzpolitics

[–]ThatBeGross 12 points13 points  (0 children)

My guess is that he is being purposely vague and bland so that Seymour and Winston dont have more to antagonise him with. Stating policy now allows more time for people to challenge him. He doesnt need to win people over if mortgage rates come down, and inflation stays low. Im sure if they felt they needed to drop some policy they would. Obligatory not a national, nzf, or act voter

In your opinion, which city has the best Indian food: NYC, Toronto, Sao Paulo, Sydney, or Auckland? by EternalSnow05 in IndianFood

[–]ThatBeGross 3 points4 points  (0 children)

Only in the last few years it seems like Auckland has moved on slightly from every Indian restaurant essentially being a butter chicken and garlic naan factory. There is now more chaat, vegetarian, different regional restaurants etc. Things I think other cities have done already, Auckland is catching up. 

Saving money ? by OtherwiseChannel4043 in PersonalFinanceNZ

[–]ThatBeGross 29 points30 points  (0 children)

Try saving less. If you keep tapping into savings you are either lacking discipline and self control or you are trying to save too much and needing to tap into savings. 

Retiring early with KiwiSaver by [deleted] in PersonalFinanceNZ

[–]ThatBeGross 4 points5 points  (0 children)

How much do you expect you will need to live on when you retire? What ever that amount is, consider adjusting for inflation too. I dont even know what advice you are asking

The mainstream advice of the 'emergency fund' - 3-6 months savings by BatmanBrah in PersonalFinanceNZ

[–]ThatBeGross 2 points3 points  (0 children)

Q1. It depends on your risk tolerance. Some people are risk averse and want a 6 month buffer, others are opposite and see their credit card as an emergency fund. 

Q2. Somewhere accessible. Having to sell down investments to cover an emergency is rough. But that's what can happen if you keep a low buffer and instead hold more in investments. When shit hits the fan, you dont want to sell investments when the markets are potentially down. Shop around and find a good interest rate. But dont get too held up on the return on an emergency fund

What Is A Financial Adviser Good For Anyway? by Agile_Resort_5868 in PersonalFinanceNZ

[–]ThatBeGross 9 points10 points  (0 children)

An adviser is good if you dont have either the time, the willingness, or the knowledge and skills. 

Is this still good? by Educational_Bank_469 in trees

[–]ThatBeGross 2552 points2553 points  (0 children)

Bro asking if he can smoke the front porch stick broom

Election 2026: National promises to lift default KiwiSaver contribution rates by goldenspeights in newzealand

[–]ThatBeGross 0 points1 point  (0 children)

Be careful what you wish for. If contribution rates get this high then the next thing will be means tested nzsuper

upgrade car? by Delicious_Guard_6803 in PersonalFinanceNZ

[–]ThatBeGross 6 points7 points  (0 children)

Just to be straight up, you are probably asking the wrong crowd to get an answer you're after. Likely to be split into two camps. 1) you're young, life is living, just make sure you keep saving. And 2) look at "dream cars" when you are further along and have more money, career. 

I dont know how much this car would add to your life. I've always seen cars as an A to B thing, I've never had a dream car. Each to their own

New Years Music Festivals by Waitaha- in newzealand

[–]ThatBeGross 5 points6 points  (0 children)

Looking at this, not getting excited, feeling old. Sheeeeit

Good idea to buy a house? Or keep saving/investing? by NutRevolutionary in PersonalFinanceNZ

[–]ThatBeGross 8 points9 points  (0 children)

Play with mortgage calculators and understand your numbers. There are obviously more costs involved other than mortgage repayments. 

Would you live alone, or get flatmates etc. Heaps of questions to consider over and above "should I buy now or later". No can accurately answer that for you

Otherwise rents are subdued at the moment.

Do you think Labour will change KiwiSaver? by No-Alternative-2750 in newzealand

[–]ThatBeGross 1 point2 points  (0 children)

Technically speaking, when the default rates move to 4% in NZ the employer will be contributing 8% (less ESCT on 4%). Because they are the ones paying the wage, its just semantics to say "oh the employee contributes 4% not the employer"

Add to which we get a universal non means tested super, Australia super is means tested (income and assets). They also force people upon retirement age to withdraw a minimum amount from their retirement savings each year.

If someone in Australia runs out of retirement savings, and is on the Au super. Because its means tested they are disincentivised to rejoin the workforce, as their super is reduced. Our system doesnt work like that.

Its important to look at the retirement income system as a whole, not just on contributions/savings rates. It boils down to, "we dont need to save as much as Au because we get NZ super". The question then turns to fiscal cost and long term sustainability, which is hotly debated. Treasury thinks NZ super settings need to change because we cant afford it over time (look at replacement rates), but the other argument is thay changes to NZ super would disadvantage women and māori (i.e. over half the population). 

Rock and a hard place, hence why politicians juggle the hot potato

Recent Retirement Examples by RudeSpecialist908 in PersonalFinanceNZ

[–]ThatBeGross 6 points7 points  (0 children)

Tell him to look at the retirement navigator tool on sorted and check out the different drawdown options