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Thread ID: 80371	2007-06-20 09:49:00	Investment advice	george12 (7)	PC World Chat

Post ID	Timestamp	Content	User
561005	2007-06-20 10:58:00	Become a part time P dealer at school and double your money in a week Yeah, do that; that's how I became as rich as I am now. :p I may be wrong, but does KiwiSaver lets you withdraw all money (inc the $1000 kickstart) if you're planning to open up a business during financial hardship (a state you probably would be in as you first try to open your business)? And if you don't mind me asking, what business are you going to do? I am also finishing yr13 this year and I may be able to be some kind of....partner? :p	qazwsxokmijn (102)
561006	2007-06-20 11:00:00	Y And if you don't mind me asking, what business are you going to do? I am also finishing yr13 this year and I may be able to be some kind of....partner? :p Plod is a printer I believe, although i am not sure about the original poster.	winmacguy (3367)
561007	2007-06-20 11:02:00	May I suggest putting it into a US Dollars call account - Do you see the NZ Dollar going higher against the Kiwi Dollar, I personally think it is about as high as it will go - If you can get say 4% on a US Dollar account, you won't go backwards, and you will need to buy US Dollars before you go, so the exchange cost is something you will have to pay eventually. I made over $10,000 in 4 months by transferring the proceeds of my house sale to an Australian account with the ASB - when I transferred the money $A1.00 = $NZ1.05 NZ, by the time we moved the exchange rate had slipped to $1.16. It is worth investigating - speak to a forex banker I was thinking of this, however I talked to a family friend who I strongly trust, and he told me not to expect the dollar to go down very soon, despite the reserve bank's best efforts to get it to drop. So I will at the very least wait until it stops going up. Sounds like $5000 into an 8.1% daily compounding term deposit with PSIS so far. Those shares do actually sound interesting winmacguy, any more info on them?	george12 (7)
561008	2007-06-20 11:08:00	And if you don't mind me asking, what business are you going to do? I am also finishing yr13 this year and I may be able to be some kind of....partner? :p Hi qazwsxokmijn I do a variety of things to make money. Right now, I am selling computers (the major source of income), repairing computers (the major source of income until early this year, now a minor source of income), and occasionally trading ex-lease computer stuff, mostly laptops (I bought about 5-10 Dell D600 laptops each month from Turners to sell on Trademe in Dec/Jan/Feb/March, which was my major source of income then). So it tends to sort of change with the wind ... I guess I'm an entreprenurial sort of person. When I go to America I will need someone to build computers for me though while I'm away, so there might be some potential there. You could probably build about one a week (hopefully more by then) and get paid accordingly if you're interested. I don't think I can use a business partner right now, or in the near future, but I'm flattered you'd mention it :D.	george12 (7)
561009	2007-06-20 11:12:00	Honestly George, leave Rakon alone. Shares are fun but you can lose money very fast. Banks are boring but they'll still have your money next year. A little tip about investing - boring is good. Forget about flashy businesses because over the long term boring old electricity/oil/airports etc win out. Everybody uses them. Rakon are the bees knees today (I own a very few myself) but a new technology could appear tomorrow...........	Winston001 (3612)
561010	2007-06-20 11:19:00	Personally, if I was in your situation I wouldn't buy shares or invest in a mutual fund due to your time constraints. What say your portfolio is down when you need to get your money out for your trip to the US? Putting it all in a term deposit is probably the best option given you are only talking about $5000.	maccrazy (6741)
561011	2007-06-20 11:19:00	Honestly George, leave Rakon alone. Shares are fun but you can lose money very fast. Banks are boring but they'll still have your money next year. A little tip about investing - boring is good. Forget about flashy businesses because over the long term boring old electricity/oil/airports etc win out. Everybody uses them. Rakon are the bees knees today (I own a very few myself) but a new technology could appear tomorrow........... I agree It sounds far too risky for me. Another friend's advice with shares is never to invest money in speculative shares like that (using the word loosely) if you can't afford to lose it, which rules that out!	george12 (7)
561012	2007-06-20 11:22:00	Personally, if I was in your situation I wouldn't buy shares due to your time constraints. What say your portfolio is down when you need to get your money out for your trip to the US? Putting it all in a term deposit is probably the best option given you are only talking about $5000. Yep That's what I was trying to say above (the bit about only investing in shares over the long term). I'll wait until the next sale, so I'll have enough left after taking out $5k, then head to PSIS to grab the term deposit ($5k is the minimum). That will make me $211 in 6 months if I've worked it out correctly.	george12 (7)
561013	2007-06-20 11:36:00	Rakon are the bees knees today (I own a very few myself) but a new technology could appear tomorrow........... I doubt it considering that Rakkon are currently the only company in the world making that type of GPS crystal and I believe that they have patented the technology which means that no one else can get it. They have also been around as a small family owned business since the early 70's. Their crystals go in US missiles and potentially Nokia Cell phones which presents a huge market. It is also a market that is about to have a new entry at the end of this month. The other reason I like them is because they have got an affordable entry price unlike a lot of other high flyers which would mean that you would get a better return on them. That is the one reason why I would put them on my long term shares that are worth a look although for the particular situation that is being discussed on this forum I would say that money in the bank is the best bet.	winmacguy (3367)
561014	2007-06-20 11:52:00	I doubt it considering that Rakkon are currently the only company in the world making that type of GPS crystal and I believe that they have patented the technology which means that no one else can get it. They have also been around as a small family owned business since the early 70's. Their crystals go in US missiles and potentially Nokia Cell phones which presents a huge market. It is also a market that is about to have a new entry at the end of this month. The other reason I like them is because they have got an affordable entry price unlike a lot of other high flyers which would mean that you would get a better return on them. That is the one reason why I would put them on my long term shares that are worth a look I know I know I know.........and I've been around long enough to have learnt that there are very few wonder businesses in the world. Rakon are worth a punt but patents mean nothing in some places.	Winston001 (3612)
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