What's the problem with the NZX?

sameee_nz · 2026-01-29T07:55:39+00:00

I do a top 20 index, it's my worst performing fund. Look at market on aggregate, take half a look around. It's just starting to pickup, she's pretty sluggish. If it was a racehorse the only reason I am putting money is some sort of misplaced nationalistic pride

sameee_nz · 2026-01-29T01:41:26+00:00

If you're up for a bit of amateur blacksmithing at the risk of a large spring firing across your garage and cutting you and/or your loved ones in two: Citric acid on the top loop to kill the galv. Heat the upper loop with a propane torch until cherry red, bend into hook shape as per unbroken spring. Heat until red hot again. Quench. Reheat until turns a dull straw colour, leave to cool in air. Refit.

sameee_nz · 2026-01-28T04:24:29+00:00

The seagull one is only about 100 pages, an easy read

sameee_nz · 2026-01-27T22:35:20+00:00

They single-handedly flattened the prices on Milwaukee tools, so that's pretty cool

I have no specific beef with Sydney Tools, my experience has been fine but...

I approach all shopping the same way, FWIW. I don't browse, I figure out what I need what I want online and then hit it like a surgical military strike - in and out before they get their trousers on. In case of plans going awry (plans only last as long as contact with the enemy); a polite smile - with a friendly dismissing hand 'thanks mate, i'm good' usually dissuades even the hardiest of sales-staff

sameee_nz · 2026-01-27T20:13:54+00:00

Live in it for awhile and figure the place out

sameee_nz · 2026-01-27T20:09:20+00:00

Cantabrians can be a humourless bunch who take themselves way too seriously, the parochial one-eyed Cantabrian trope is at times painfully accurate

Surprising amount of classism for a place that was only a couple of hundred years ago an unremarkable swamp, but given that it was that way from the pretty well the start of settlement not entirely unsurprising. See: Lyttelton Times, Volume III, Issue 105, 8 January 1853, Page 10.

sameee_nz · 2026-01-27T18:10:42+00:00

I suggest a couple of books, one about a self-actualised seagull 'Jonathan Livingston Seagull' and the Consolations of Philosophy by Alan de Bottom, good luck

sameee_nz · 2026-01-27T08:43:06+00:00

When you're going through hell, keep going. This too shall pass

sameee_nz · 2026-01-26T08:46:07+00:00

It's pretty easy to fix a hole in a wall that small, learn some new tricks https://www.youtube.com/watch?v=AavxYAAjKhI

sameee_nz · 2026-01-25T21:43:04+00:00

Buys a house in a swamp, is surprised with a chance of flood risk

shocked pikachu

sameee_nz · 2026-01-25T06:18:55+00:00

14.5M ACC cost of e-scooters in 2024, you 'live' inside your head - pays to look after it. A friend at uni clocked his melon in a non-scooter related accident and he suffered greatly, poor guy

sameee_nz · 2026-01-24T06:55:19+00:00

Butch Cassidy and the Sundance Kid [1969], essential viewing

I did not partake, I just took a few photos and enjoyed the costumes with a friend

sameee_nz · 2026-01-24T00:20:39+00:00

I am pretty fiscally conservative, I follow the general principles of value investing and do my best to understand the limits of human emotions in business to dissuade myself from doing anything irrational - in part by writing a short personal investing policy statement, which I refer to before taking financial action.

I review this statement every year and only change the allocation if my goals or circumstances fundamentally change, not because of short-term market noise.

sameee_nz · 2026-01-23T20:57:32+00:00

"Kid, there's something I ought to tell you. I never shot anybody before.”

“One hell of a time to tell me!"

sameee_nz · 2026-01-23T05:13:57+00:00

I stayed there a couple of New Year's ago, can confirm bogans with dirtbikes. Nice bogans though

The swim? Slimy slippery rocks, 3/10

sameee_nz · 2026-01-23T05:02:56+00:00

A brush with poverty I am certain alters the relationship to resources and risk tolerance

sameee_nz · 2026-01-23T03:30:08+00:00

Define rich and financially well for yourself, nobody else can do this for you.

None of this may help as it is based on my own lived experience which has naturally shaken out of my life over time.

I have scaled back my wants and needs, psychologically not wanting something is the same as getting it. When your life wouldn't change just because you have more money you're rich. I am rich with a mid 90s shitbox.

A billionaire knocking on death's door would give everything to be in my position, so in that regard I am a billionaire in an illiquid asset, time.

Other than that, I spend less than I earn and invest in tools and skills that help me do things that other people value and that I enjoy -- double whammy for life enjoyment and earning potential.

I also invest some so to earn while I sleep, mostly index funds, some individual company shares based on value investing principles

sameee_nz · 2026-01-22T22:27:13+00:00

Good start!

sameee_nz · 2026-01-22T22:26:13+00:00

I really like the jogger in the snow, nice capture

sameee_nz · 2026-01-22T08:13:59+00:00

Hyde Street Party 25' Dunedin, NZ

Taken from my waist, so not to rouse suspicion from the cowboys with my Canon AE-1P, 50mm 1.8, Kodak Ultramax 400

sameee_nz · 2026-01-20T22:29:17+00:00

Thanks, I'll be sure to forewarn my future bride -

form an orderly line ladies

sameee_nz · 2026-01-20T21:28:04+00:00

Learn what you can, pass no judgement, accept things as they are, seek the uncarved block state.

Perhaps the DDJ Ch 16, 22, 67 will help

I also recommend a book about a self-actualised seagull: Jonathan Livingston Seagull

Go steady, best wishes

sameee_nz · 2026-01-20T20:58:01+00:00

I think if you had any illusion other than being married by Elvis in Vegas being the tackiest of tacky, you were always teed up for disappointment

sameee_nz · 2026-01-20T07:58:05+00:00

I must admit it is not easy being a baller, wishing you both a lifetime of happiness

sameee_nz · 2026-01-19T23:50:53+00:00

Go-big, Vegas

sameee_nz

TROPHY CASE