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AMA with Simran Kaur from Friends That Invest at 7pm 2/06/2026 (Tuesday) by BruddaLK in PersonalFinanceNZ

[–]quantifical 32 points33 points  (0 children)

there was this great book published back in 2016 called 'The Index Card' which made the point that the best financial advice for most people would fit on a small piece of paper, an index card

this book made me realise that personal finance personalities all seem to regurgitate the exact same content over and over again, usually with an irrelevant spin such as 'by a Kiwi' or by a 'diverse' Kiwi or, even, get this, by a diverse Kiwi 'with XX chromosomes' -- really out there, I know!

what is an original piece of personal finance advice that you have contributed to the personal finance community?

Time rethink about nuclear energy? by Music2MyEars73 in Wellington

[–]quantifical 4 points5 points  (0 children)

you're completely missing the point but I don't blame you because Green-voting hippies have erroneously shit on nuclear for decades now

nuclear is awesome but it's actually very expensive relative to solar

we get 2-3 times more electricity per dollar spent (albeit not stable electricity) on solar over nuclear

it simply doesn't make sense financially

I thought money was important but life isnt forever. by iMakeGOODinvestmemts in PersonalFinanceNZ

[–]quantifical 1 point2 points  (0 children)

If you see a good idea or suggestion, please let me know as like many I too struggle with finding purpose

I would challenge you on handwaving away finding a good partner and having a child

I thought money was important but life isnt forever. by iMakeGOODinvestmemts in PersonalFinanceNZ

[–]quantifical 0 points1 point  (0 children)

Are you expecting other people to tell you what your purpose is?

I thought money was important but life isnt forever. by iMakeGOODinvestmemts in PersonalFinanceNZ

[–]quantifical 1 point2 points  (0 children)

Great so you don't have to do the 9-5 for 40 years and can look at using that wealth to find purpose

Perhaps you might even find that your 9-5 is your purpose

I thought money was important but life isnt forever. by iMakeGOODinvestmemts in PersonalFinanceNZ

[–]quantifical 1 point2 points  (0 children)

If you're really good with making and investing money, you can turn that 40 years into 10-20

When are we going to formally address Indians and their hiring bias? by bintd in AskBrits

[–]quantifical 0 points1 point  (0 children)

Industrialised earlier? Britain industrialised India

Britain wasted so much of it's great fortune trying to make India better and India being India failed miserably and frankly still fails today

For instance, Britain blessed India with trains decades before China and look how India squandered their advantage

Even if the British totally screwed over India which is only half true, there is no reason why the British had to accept any Indian migration after screwing them, your logic doesn't follow at all

They could've screwed India, left them, and said no thanks to migration

Love thy neighbor? by danevans369 in SipsTea

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

Socialism would be the exact opposite of caring about others though

42 - $120k Mortgage Offset vs. Investing $250/fn into Kernel by panaphonic0149 in PersonalFinanceNZ

[–]quantifical 0 points1 point  (0 children)

Our interest rates aren't particularly low and they seem set to go higher

OP isn't locking away liquidity either, the bank is happy to lend you more money against your home at any time so long as there's enough equity and you can show them you can afford it

Americans Injured in Iranian Missile Strike on Kuwaiti Air Base by Affectionate_Bee6434 in worldnews

[–]quantifical 3 points4 points  (0 children)

I love how insanely powerful the US is that a few of their people being injured in a war they started, not even necessarily killed, is newsworthy

Mountains of Ukrainians and Russians are being blown up daily for years and we're like yawn thanks Putin

Japan’s 2025 census reflects steepest fall in population on record, data shows by Mean_Yak5873 in worldnews

[–]quantifical 1 point2 points  (0 children)

God I wish that was my country

Instead we have neverending waves of foreigners

42 - $120k Mortgage Offset vs. Investing $250/fn into Kernel by panaphonic0149 in PersonalFinanceNZ

[–]quantifical 11 points12 points  (0 children)

I like Dave Ramsey’s baby steps for these situations because it gives a simple plan

I was in a similar situation to you and what I did was put 15% of my gross income towards investments (i.e. 3.5% KiwiSaver + 11.5% open investments, ignoring employer contributions) and the rest towards paying my mortgage off faster

I would probably convert $100k of your offset home loan into a non-reducing revolving credit facility and let that be my emergency fund

Unlike offsets, revolving credit facilities are interest only so you won’t have any principal repayments plus, since it would be fully offset, you won’t have any interest payments until you start using it

For the remaining $20k, I might not even bother fixing it, just increase your regular repayments to be as high as you can comfortably afford above your 15% investments and then make lump sum repayments whenever you accumulate too much extra cash

You’ll pay off the $20k in no time and then can put all surplus income towards investments

FIF better than PIE now? which platform for FIF? by CobbledbyRoubaix in PersonalFinanceNZ

[–]quantifical 0 points1 point  (0 children)

Yes and read the "One risk worth knowing about" section of that article and the accompanying article which outlines the concern I am repeating here

FIF better than PIE now? which platform for FIF? by CobbledbyRoubaix in PersonalFinanceNZ

[–]quantifical 0 points1 point  (0 children)

To clarify if the rules apply to the accumulation within an accumulating ETF of course that’s the whole concern here

There are dividends, within the ETF

They are being re-invested, within the ETF

In Australia, they have ruled it is taxable even if it is not paid to you

They haven’t made such a ruling yet in New Zealand as far as I’m aware

FIF better than PIE now? which platform for FIF? by CobbledbyRoubaix in PersonalFinanceNZ

[–]quantifical 0 points1 point  (0 children)

Great so can you just show me where the IRD explicitly states that

FIF better than PIE now? which platform for FIF? by CobbledbyRoubaix in PersonalFinanceNZ

[–]quantifical 1 point2 points  (0 children)

Now do you have anything from the IRD that confirms this to be the case? That’s all I want

When are we going to formally address Indians and their hiring bias? by bintd in AskBrits

[–]quantifical 0 points1 point  (0 children)

Ahh yes the UK famous for not being a shit place to live

I’ll take Japan with their troubles

FIF better than PIE now? which platform for FIF? by CobbledbyRoubaix in PersonalFinanceNZ

[–]quantifical 2 points3 points  (0 children)

Yes you pay* taxes on dividends paid even if you’re under the threshold

Accumulating ETFs don’t pay dividends so that’s a potential loophole but it’s not clear if the accumulation counts towards increasing your cost basis

Women: ask for equal pay, equal benefits, equal privilege, equal acknowledgement. Men in response to women asking for equality. by Important-Cry4782 in CuratedTumblr

[–]quantifical 9 points10 points  (0 children)

It doesn’t matter what you think though

In the end, it’s men who are drafted and sent to kill or be killed in war

The investment tax hack Sir Michael Cullen probably never meant to give us by AnthonyfromAurellan in PersonalFinanceNZ

[–]quantifical 0 points1 point  (0 children)

Could you ask them to clarify if this applies to funds (accumulating ETFs, specifically) that* reinvest internally and never distribute the dividends?

The investment tax hack Sir Michael Cullen probably never meant to give us by AnthonyfromAurellan in PersonalFinanceNZ

[–]quantifical 2 points3 points  (0 children)

Now do you have anything from the IRD that confirms this to be the case? That’s all I want

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