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14-02-2024, 02:59 PM
#621
Means test superannuation? Interesting idea. Interesting and varied views in the article.
https://www.stuff.co.nz/money/350177...ion-commission
Why invest in the future and the younger generations.
Do old people provide any return on investment to the country? Does investing in young people provide a return to the nation? I suspect I know where the bigger investment returns are for a nation looking to allocate capital.
Does capital allocation matter when capital is cheap and readily available.
A cynical vote grabbing move today by National, pandering to selfish aholes. Why is superannuation not changed along with other benefits, it is over half the welfare spend? (see page 74 Note 8)
https://www.treasury.govt.nz/sites/d...fsgnz-2023.pdf
https://www.stuff.co.nz/politics/350...anges-benefits
Last edited by Aaron; 14-02-2024 at 03:21 PM.
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14-02-2024, 03:53 PM
#622
Originally Posted by Aaron
Means test superannuation? Interesting idea. Interesting and varied views in the article.
https://www.stuff.co.nz/money/350177...ion-commission
Why invest in the future and the younger generations.
Do old people provide any return on investment to the country? Does investing in young people provide a return to the nation? I suspect I know where the bigger investment returns are for a nation looking to allocate capital.
Does capital allocation matter when capital is cheap and readily available.
A cynical vote grabbing move today by National, pandering to selfish aholes. Why is superannuation not changed along with other benefits, it is over half the welfare spend? (see page 74 Note 8)
https://www.treasury.govt.nz/sites/d...fsgnz-2023.pdf
https://www.stuff.co.nz/politics/350...anges-benefits
A sensible fella' or fellowess would keep a healthy store under the mattress in case some of these plonkers change the rules so they can keep more of other peoples earnings.
Last edited by fungus pudding; 15-02-2024 at 08:54 AM.
Reason: typo
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15-02-2024, 08:27 AM
#623
Originally Posted by fungus pudding
A sensible felle or fellowess would keep a healthy store under the mattress in case some of these plonkers change the rules so they can keep more of other peoples earnings.
I suppose if it were only income tested you could buy a bigger house to reduce income and put your hand out for a rates rebate and maybe some sort of accommodation supplement if you are a bludging ahole.
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15-02-2024, 08:39 AM
#624
Here is another great idea from government, rather than a capital gains tax and investing in housing and young NZers wanting to get onto the housing ladder, get foreign landlords to build rentals so our young people can rent.
https://www.msn.com/en-nz/news/natio...2619c537&ei=14
Why is there a housing crisis? Too many f*cking foreigners coming into NZ. Solution get rich foreigners to build houses to rent, keep the property market inflated and boomers happy while young NZers lose all hope of getting ahead.
What a pack of unpatriotic aholes but sadly they represent the average home owning Kiwi. No surprises if talented young NZers continue to head elsewhere for a better life.
At least the foreigners may not be just buying existing assets but building new ones.
I suspect Chris would like the foreign demand to keep house prices high. The building angle is probably to make it more palatable to the average xenophobic NZer (like me) and to assuage concerns about home ownership for those not on high incomes or with family help available.
https://www.stuff.co.nz/money/350179...re-rich-people
Last edited by Aaron; 15-02-2024 at 08:53 AM.
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15-02-2024, 08:41 AM
#625
Originally Posted by Aaron
I suppose if it were only income tested you could buy a bigger house to reduce income and put your hand out for a rates rebate and maybe some sort of accommodation supplement if you are a bludging ahole.
Yes, fact is they have contributed to fund so its justified. A more balanced super like Ausi is probably fairer being means tested with better tax incentives for people to contribute to thier retirement savings.
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06-06-2024, 08:51 AM
#626
Can't really find a relevant thread for my thoughts.
https://edition.cnn.com/2024/06/05/i...ing/index.html
Saw this article and it reminded me I was reading an Aussie paper the financial times last week and in it they had a couple of articles about the fact that some superannuation providers are now having more outflows than inflows as boomers retire. Probably nothing but if the market price is made on the margin and there is not as much demand for shares will this depress the markets a bit over the next couple of decades.
I have read that a part of the 70s and 80s inflation was the demand from boomers setting up house and buying cars etc. could this work in reverse?
Harry Dent was talking about this years ago but he comes across as a bit more toward the fringes kind of a person.
I just wonder if there will be more sellers and buyers over the next couple of decades.
Stocks are an inflation hedge but as Ben Graham said, only if you buy them for the right price.
The CNN article points out that more and more industry is going to private equity so not just the NZX losing listings. Sounds a bit like a LBO of society enabled by central banks.
That said I heard Howard Marks saying the macro is not as important as the micro. Although he talks about a sea change which is obviously macro so who knows. Just interested in others thoughts and whether there is any information or facts out there to support the possibility of a decrease in buyer demand over the next couple of decades. I am not talking depression but just a flatter market with buyers being more discerning and reduced liquidity.
Last edited by Aaron; 07-06-2024 at 09:11 AM.
Reason: and reduced liquidity
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13-06-2024, 09:30 AM
#627
What could he have done differently?
https://finance.yahoo.com/news/retir...191737761.html
Apart from not
Putting all his savings into housing market
Retiring too early? (Age wasn't the issue?)
Having high fixed expenses
Relying on passive income
When retiring so young he should have been OK with that amount of dosh if he had invested early on ,even when working,into liquid assets that compounded his returns
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02-08-2024, 02:32 PM
#628
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02-08-2024, 02:47 PM
#629
Originally Posted by kiora
What could he have done differently?
https://finance.yahoo.com/news/retir...191737761.html
Apart from not
Putting all his savings into housing market
Retiring too early? (Age wasn't the issue?)
Having high fixed expenses
Relying on passive income
When retiring so young he should have been OK with that amount of dosh if he had invested early on ,even when working,into liquid assets that compounded his returns
I guess his story and scenario also indicates the differences of opportunities between the USA and NZ. Also in America, the stock market has outperformed the housing market.
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02-08-2024, 02:58 PM
#630
Originally Posted by Aaron
KiwiSaver always had a problem from the outset through its discouraging contributions by taxing them and taxing returns in the scheme.
If the accumulation of the KiwiSaver fund were tax-free, and the taxation had been levied on eventual withdrawals instead, it would also have been more palatable to make the state pension means tested, I think.
Last edited by Bjauck; 02-08-2024 at 03:01 PM.
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