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| Thread ID: 107251 | 2010-02-10 00:09:00 | Nothing much changed in the tax. | Nomad (952) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 856810 | 2010-02-10 04:19:00 | It is going to be interesting to see the out come in 5 - 10 years What could be better to invest in than real estate? Sharemarket? Bank? Hanover? Please tell me Kiwisaver, if you are young enough. LL |
lakewoodlady (103) | ||
| 856811 | 2010-02-10 04:24:00 | Foil hats could be a growth industry soon. | R2x1 (4628) | ||
| 856812 | 2010-02-10 06:05:00 | Kiwisaver, if you are young enough. LL You seriously think Kiwi saver will be anything significant? I had a loss of 13% last year, I think. Say I worked for the next 35 years at 50k I would save 70k. (at 2%) Real estate is always the place to be. I buy a house, make small payments while the tenant pays for the mortgage. After 15-20 years, I would have an income and I would have equity in the house itself. Which is far more than I could get from kiwi saver. Raising GST while lowering tax is pretty bad. Wouldn't it be more expensive to live? I'd rather not have that X$ a week if i end up paying more for food etc. Just not worth it. |
Cato (6936) | ||
| 856813 | 2010-02-10 06:19:00 | You seriously think Kiwi saver will be anything significant? I had a loss of 13% last year, I think. Say I worked for the next 35 years at 50k I would save 70k. (at 2%) Real estate is always the place to be. I buy a house, make small payments while the tenant pays for the mortgage. After 15-20 years, I would have an income and I would have equity in the house itself. Which is far more than I could get from kiwi saver. Raising GST while lowering tax is pretty bad. Wouldn't it be more expensive to live? I'd rather not have that X$ a week if i end up paying more for food etc. Just not worth it. Well, all the while the govt is giving you $ for $ up to $1,024 per year, yes, I think so. LL |
lakewoodlady (103) | ||
| 856814 | 2010-02-10 07:26:00 | You seriously think Kiwi saver will be anything significant? I had a loss of 13% last year, I think. Say I worked for the next 35 years at 50k I would save 70k. (at 2%) Real estate is always the place to be. I buy a house, make small payments while the tenant pays for the mortgage. After 15-20 years, I would have an income and I would have equity in the house itself. Which is far more than I could get from kiwi saver. Raising GST while lowering tax is pretty bad. Wouldn't it be more expensive to live? I'd rather not have that X$ a week if i end up paying more for food etc. Just not worth it. I had a 10% loss after fees and tax. That was 100% growth. If I had 100% conservative that would of been 10% gain. I did read with Consumer, with the many big banks, if you go for any portfoilios even conservative, you make less money than a savings account. In fact after tax and fees as investment you still pay fees if you make a loss, that if you gain and lost nothing after fees and taxes you did well. Most didn't. This was a study over 20 or 30 years. |
Nomad (952) | ||
| 856815 | 2010-02-10 07:35:00 | I had a 10% loss after fees and tax. That was 100% growth. If I had 100% conservative that would of been 10% gain. I did read with Consumer, with the many big banks, if you go for any portfoilios even conservative, you make less money than a savings account. In fact after tax and fees as investment you still pay fees if you make a loss, that if you gain and lost nothing after fees and taxes you did well. Most didn't. This was a study over 20 or 30 years. Oh well, The govt doubles my money for me at the moment and I am not complaining, only got a few more years to go anyway. I cannot afford to buy another house to get rent off it. Don't have a job, if I put any money into bank investments, WINZ will scrutinize it very closely and take some benefit away. LL |
lakewoodlady (103) | ||
| 856816 | 2010-02-10 07:42:00 | Its good to hear the landlords squeal, for 10 years the governors of the reserve bank have pleaded with NZ investors to invest in other than property. The greedy huas payed no heed, tax the living **** out of them and then some more. Putting up gst will hurt people who dont save ie spend every penny they get. Solution save some money. I really can't believe you. Who do you think is going to pay the extra if landlords are hit with higher taxes.:illogical |
mikebartnz (21) | ||
| 856817 | 2010-02-10 08:06:00 | Why are people talking of a 2.5% increase in GST? Going from 12.5% to 15% seems like a 20% increase in the tax to me. It should secure the parliamentary salary increase for a month or two. |
R2x1 (4628) | ||
| 856818 | 2010-02-10 08:19:00 | I really can't believe you. Who do you think is going to pay the extra if landlords are hit with higher taxes.:illogical Its a free market they need to absorb the cost. They can try and pass it on but no one will rent their overpriced rental house. Do I listen to you or the Governors of the Reserve Bank? |
prefect (6291) | ||
| 856819 | 2010-02-10 09:50:00 | Its a free market they need to absorb the cost. They can try and pass it on but no one will rent their overpriced rental house. Do I listen to you or the Governors of the Reserve Bank? So everyone who rents and doesn't like the costs passed on to them will not rent. So are they all going to live in tents.:groan: |
mikebartnz (21) | ||
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