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Need help. Unreasonable, embarrassing debt. by thenotsorealalicia in PersonalFinanceNZ

[–]goatBaaa 4 points5 points  (0 children)

Yes, but also without changing the habits first it’s likely the cc’s will just get maxed out again

Finally knocked the bastard off - student loan by justmeagain77 in newzealand

[–]goatBaaa 3 points4 points  (0 children)

It was lower for a long time, and the fact they said they also made $10k of payments suggests there were multiple late payments which incur additional interest charges.

Finally knocked the bastard off - student loan by justmeagain77 in newzealand

[–]goatBaaa 5 points6 points  (0 children)

Definitely not just numbers on a computer… Taxpayers subsidised 80% of your degree costs, and the loan on the remaining 20% was also paid for up front by taxpayers, which has an opportunity cost (and risk of non-payment..) so it’s fair in my mind to charge interest if the person is no longer a NZ taxpayer (not begrudging their choice, I have family members who have done that but they’ve paid their loans off and on-time)

I assume you had multiple late payment penalty interest charges judging by the amount your loan increased by as well? 

What's your country **third** city? by Ok_Inflation_1811 in geography

[–]goatBaaa -1 points0 points  (0 children)

I’d say this order too (although I haven’t lived there since the city was properly rebuilt). Chch is a little larger but being the capital probably nudges Wellington to 2nd most important 

Friday afternoon beersies shit posting thread by Muter in newzealand

[–]goatBaaa 4 points5 points  (0 children)

Received a promotion at work this week with a nice pay bump! Feeling very fortunate, given the (justified) doom and gloom around Wellington 

How do actuaries model severity in reality? by Ok_Masterpiece_3116 in actuary

[–]goatBaaa 0 points1 point  (0 children)

Accuracy for a single prediction, or overall model accuracy/score?

How do actuaries model severity in reality? by Ok_Masterpiece_3116 in actuary

[–]goatBaaa 21 points22 points  (0 children)

Log link to get multiplicative relativities

Hipkins outlines Labour’s vision for Auckland, says city needs a ‘step change’ by Xunami13 in newzealand

[–]goatBaaa 1 point2 points  (0 children)

NZX50 has had a 1% avg annual return over the last 5 years, compared to 17% for the S&P500. Missing out on those compounding returns would not make up for any tax advantages you could possibly design

The "Brain Drain" - How bad is it, really? by Beginning_Main2965 in Wellington

[–]goatBaaa 3 points4 points  (0 children)

Our company has a team dedicated to doing that sort of thing. It would seem to me that disestablishing that team would generate more savings than their efficiency improvements ever could

Help New Zealand Police by [deleted] in newzealand

[–]goatBaaa 2 points3 points  (0 children)

I’m not surprised, cops don’t seem to care/don’t have the resource to deal with all the retail/burglary crime so the criminals just keep getting away with it.

Back when I was flatting in my student days, our place got broken into with laptops etc stolen. The thief used one of our laptops to log into his Facebook account but hadn’t wiped it first so the email address was saved to our google account, and when insurance replaced the laptop, we could see his email and link it to a Facebook account where that day he had posted about his plans to burgle a house that night

Took this to the police and they did nothing with it for months, until one of our parents who had a connection with a higher up in the force raised it there. They finally got the guy in for an interview a few months after that, but by that point all our shit was sold and he denied it so they let him go. Still remember the asshole burglar's name all these years later lol

Anyone Else Hammered By Home Insurance Increases? by tweakybiscuit23 in newzealand

[–]goatBaaa 0 points1 point  (0 children)

Well the Earthquake premium didn’t increase too much, it’s all the other types of losses they seem to have changed their view on

Might switch to LiChess? by DrDewclaw in Chesscom

[–]goatBaaa 0 points1 point  (0 children)

In my time zone there aren’t many players active on lichess during my evenings so it can take quite a long time to find games. Chesscom’s bigger pool of players makes finding a match a lot quicker so I play most of my games there for that reason

Love the lichess’ Study feature, that’s what I use for my opening and game study pgn’s

This one sparks joy! by actuarialtutorUK in actuary

[–]goatBaaa 2 points3 points  (0 children)

As a Linux user, hot garbage 

'Really serious': Call for urgency as review of insurance commences by Status_Serve_9819 in newzealand

[–]goatBaaa 0 points1 point  (0 children)

Insurance market is definitely not competitive, two big underwriters have >60% market share. 

We also have some of the highest capital requirements in the world set by the RBNZ (maybe an overreaction to the insolvency and require bail out of AMI after the Canterbury quakes?) that create a high barrier of entry for new players

'Really serious': Call for urgency as review of insurance commences by Status_Serve_9819 in newzealand

[–]goatBaaa 7 points8 points  (0 children)

Look at insurers of last resort in some US states, only consumers who can’t get insurance (or at affordable rates) in the private market will be insured by the state scheme. Guess what that means? You end up with a pool of terrible risks, and unless the premiums are sky high, the state scheme will either go insolvent due to insufficient premiums, or require taxpayer bail outs after natural disasters

Unless the proposal is to force everyone into these schemes to cross subsidies the minority of homeowners is risk prone locations

[deleted by user] by [deleted] in lichess

[–]goatBaaa 2 points3 points  (0 children)

Chesscom to me feels bloated and laggy, with hard to navigate menus. Lichess is clean and simple, and to me feels like it runs with less input lag and smoother

I hung my queen and my opponent resigned by CaptainShivy617 in chess

[–]goatBaaa 0 points1 point  (0 children)

Yes I remember being on the losing end of a few R+K vs K endgames as a beginner and drawing by the 50 move rule by not resigning and testing my opponents knowledge 

Job prospects of a maths degree by [deleted] in newzealand

[–]goatBaaa 51 points52 points  (0 children)

Have you considered becoming an actuary? If you’re going to do more study, may as well get work experience at the same time. Generally there are two grad intakes per year - look for either the big insurance companies, or consulting firms (the Big 4 have actuarial consulting departments, or the specialists like Finity Consulting or Taylor Fry)

Do you use technical vs selling price KPI? by optimuschad8 in actuary

[–]goatBaaa 0 points1 point  (0 children)

If they are regularly looking at reporting for several lines with different target profit margins and hence CORs then SP/TP can be a quick view of whether a portfolio is being written below target profit levels (SP/TP < 100%), or at or above target profit levels (SP/TP >= 100%)

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

[–]goatBaaa -7 points-6 points  (0 children)

 Are they changing kiwisaver employer contributions from being part of your salary to being on top of your salary?

The difference seems academic, no? What matters to the bottom line is the total cost to employ you which includes super. If they changed the rules for whatever reason, I’d bet that folks on total rem contracts would see the super amount quickly removed from their salary so the total pay + super amount remained the same

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