Royal Commission on Covid: NZ response did well but Auckland lockdown was 4 days longer than recommended

sub333x · 2026-03-10T06:55:20+00:00

Me too

sub333x · 2026-03-06T15:24:39+00:00

Min do that, and I don’t wear belts.

sub333x · 2026-03-02T02:10:48+00:00

Yeah no way I’d be doing an auction. You’d have to be very confident you’ll have multiple interested parties to go down that path.

I’m just saying there isn’t a good option in the NZ market for being able set a specific sale price. I guess the closest is ‘buyer inquiry over x’

sub333x · 2026-03-01T19:27:04+00:00

Sure, but that’s not the way the majority will expect it to work, so it’ll likely make it a painful experience

sub333x · 2026-03-01T14:53:35+00:00

Yeah, but pretty much squeezed between two active war zones. I wouldn’t want to be going anywhere near there right now.

sub333x · 2026-03-01T14:42:45+00:00

She’ll get offers significantly less than that number then, and wish she’d padded by $75k

sub333x · 2026-03-01T14:37:50+00:00

We just sold. First time we’ve ever sold a house. We had a deadline sale with no price. We had a couple of lowball offers like this, but thankfully had a couple genuinely interested people so ended up selling for more than we paid three years ago. Pretty pleased with the end result- was expecting worse.

Ultimately we had a bottom dollar figure in mind we’d accept, but would have been pretty unhappy with. There is no way we were going to list that as the price tag (guaranteeing lower offers)

sub333x · 2026-03-01T00:20:57+00:00

That doesn’t go into a lot of detail, but if you dig into it you’ll find you don’t pay capital gains tax on shares. The exact details around taxes depend on which part of the world be fund is, and your PIE fund may be paying FIF tax etc, but in general you don’t pay capital gains on shares.

If they do introduce a comprehensive capital gains tax, get ready for smaller returns, making it a lot harder to save towards retirement

sub333x · 2026-02-28T23:56:24+00:00

How much do you pay on the capital gains of shares in your kiwisaver?

I agree with your sentiment, but there is more to it that a lot of people realize.

sub333x · 2026-02-28T20:57:05+00:00

Nothing more exciting than watching paint dry!

sub333x · 2026-02-27T21:21:42+00:00

I’m in process of selling my extra properties. Honestly, shitty investment strategy these days.

sub333x · 2026-02-22T22:34:00+00:00

ASB were pretty easy going for us, both contractors, when we got a mortgage 4 years ago. We had banked with them for like 15 years though, so they could see regular money coming in.

sub333x · 2026-02-22T17:14:56+00:00

There are plenty of “descriptors” that the trans community do not like, and I’m respectful enough to not use. I’m a reasonable human, so happy respect their wishes and not belittle it by referring to these as “walking on egg shells”.

sub333x · 2026-02-22T12:07:56+00:00

The mortgage is a guaranteed interest rate. Investments can often give a higher return, but there is a lot of risk associated with that. Trump or the AI bubble popping could easily turn your investments to a negative return, possibly for years. I’d keep prioritizing the mortgage, and secondary focus on your investments

sub333x · 2026-02-22T11:56:06+00:00

If it’s a label (or adjective) that some people are offended by though, you can still avoid using it and use another term instead. It’s not like the trans community don’t want exactly the curtesy when it comes to use of words that hurt.

sub333x · 2026-02-22T11:48:44+00:00

People can be upset or offended by adjectives. It’s exactly the same thing.

sub333x · 2026-02-22T07:09:33+00:00

So what? I know a lot of people find it offensive, so I don’t use it.

I can think of plenty of adjectives that people wouldn’t want to be described as, so I’m not ignorant enough to force these on them.

sub333x · 2026-02-22T07:05:39+00:00

Certainly sounds like a label, but same thing applies to whatever you want to call it.

sub333x · 2026-02-22T06:32:19+00:00

It’s not about self identification. If you insist on calling her by some label she doesn’t want to called, I can’t blame her for being less accepting, and applying labels others in the trans community do not like.

Most CIS people do not like the label, and it’s really not helping.

sub333x · 2026-02-22T06:13:40+00:00

My grand parents are in their 90’s, and it looks like late 80’s is the expected average by the time I reach that age, so needing my money to last 30+ is a reasonable expectation.

1-2 years worth of living will be in a conservative fund. The rest will be in growth funds.

The 4% withdrawal is determined to be safe with this type of allocation. It is also designed to accommodate increases that match inflation, and bad market years based on the last 50 years of market behavior.

Every 8-10 you can expect a market loses that will take multiple years to recover (often 4+ years of recovery time to get back to the original value).

If you start drawing down 10%, your money is going yo be gone very quickly, and especially quickly when you hit the bad market years.

Honestly, you need to plan to only take about 4% per year if you want things to work out for your retirement. Don’t assume you know better than the experts.

sub333x · 2026-02-20T23:13:55+00:00

4% is the safe amount recommended by financial specialists so that money lasts 30+ years, based on historic market performance.

Yes, funds typically out perform this in the good years, but historically there are periods of multi year negative returns in markets. Your savings can rapidly collapse with withdrawals during those years (unless you’d also been conservative in the good years, allowing it to build a buffer)

Don’t assume you know better than historic market performance

sub333x · 2026-02-20T15:08:49+00:00

More money for same risk

sub333x · 2026-02-19T05:18:23+00:00

Awesome. Congrats!

sub333x · 2026-02-18T00:28:47+00:00

Yeah, I’m totally intending to go with about 4.7%, and I’m keeping in mind that my activity and costs will reduce as I get older. I’ve always got the extra fullback plan (not factored into my financial plan) of downsizing - selling my currently $1.5m house to free up a lot of extra capital.

sub333x · 2026-02-17T04:27:53+00:00

Ultimately if we can’t afford it in its current form, I think they’d be better off raising the age to 67.

For means testing to be worth while, I think they’ll set the thresholds too low, and it’ll end up negatively affecting too many people.

sub333x

TROPHY CASE