Serious saver interest rate is sad
| # | Post |
|---|---|
| 1 | I've been with ANZ serious saver for about 8 years, and its interests rate is close to none these years. I'm seeking advise for best utilising these saved cash. Not big enough to buy a property, and I don't want to invest on something with risk since I need some cash in case I need it. kail85 - 2021-09-01 09:26:00 |
| 2 | Do you have KiwiSaver? lovelurking - 2021-09-01 10:26:00 |
| 3 | lovelurking wrote:
Yes I have Kiwisaver. I don't want to deposit all money into kiwisaver since I cannot withdraw from it if I need cash. kail85 - 2021-09-01 10:34:00 |
| 4 | kail85 wrote: You could take a short term term deposit (6-12 months) which would give you a slightly greater return (but not much). The reality at the moment is that without taking risks and investing in the stock market (US via Hatch and Sharsies) there's not much return to be made when interest rates are so low. sparkychap - 2021-09-01 10:45:00 |
| 5 | Yes, our shares are doing much better than a term deposit would be, and we can sell at any time, cash up. lyl_guy - 2021-09-01 10:47:00 |
| 6 | lyl_guy wrote:
I bought a small amount of shares from ASX early this year, then I began to loss money in the next day and ever since. I think I'm not talented to choose shares. kail85 - 2021-09-01 10:59:00 |
| 7 | kail85 wrote:
Perhaps ask at companies like Milford Asset Management or Forsyth Barr Investments. (I wouldn’t suggest a “one man band” advisor because I see too many in the court news!) lovelurking - 2021-09-01 11:34:00 |
| 8 | Perhaps a PIE fund. There are plenty of companies to talk to. Simplicity, Kiwiwealth and as someone has already mentioned MAMF. travlr - 2021-09-01 12:25:00 |
| 9 | travlr wrote:
Mr Desi loves a Pie and often invests significantly in this area, sadly the returns haven't been favourable for any of us ;) desi1969 - 2021-09-01 13:34:00 |
| 10 | I've been using an Investment Consultant for my savings and she cut through all the confusion for me. My savings are now in a mixed-risk portfolio and I can withdraw them any time. After six months I am very pleased with how they are performing. Having had Term Deposits with the Bank previously it is good to at last be getting some return. Edited by kitty179 at 1:48 pm, Wed 1 Sep kitty179 - 2021-09-01 13:40:00 |
| 11 | Quite a few options in peer to peer funding giving good secure returns and only locking in funds for short periods of time. FMT, Southerncrosspartners, Squirrel for example. jeffqv - 2021-09-01 14:04:00 |
| 12 | Just create a sharsies account and stick your money in a managed fund. We have our kids in the amp top 500 and it has returned over 10% this year. If you want to get into serious returns get into the crypto game. It can be risky / unnerving but the rewards can be excellent. ryanm2 - 2021-09-02 07:32:00 |
| 13 | ryanm2 wrote:
Does that shareses 10% include the dividends or is that just the increase in the share price? lovelurking - 2021-09-02 09:53:00 |
| 14 | kitty179 wrote:
What sort of return are you getting? daz59 - 2021-09-02 13:39:00 |
| 15 | How long is 'sharsies' going to be a 'good' investment? Already been issued a warning by the Financial Markets Authority. https://www.fma.govt.nz/news-and-resources/media-releases/fm brouser3 - 2021-09-02 14:31:00 |
| 16 | brouser3 wrote: About not having good enough ID checks? How does that affect being "good' investments? ... not sure what that warning has to do with a percentage return? lyl_guy - 2021-09-02 14:38:00 |
| 17 | Kiwibank have always paid me a higher interest rate than the ASB, so I have three-quarters of my money in Kiwibank. I havn't got quite enough to buy another house, otherwise I would do that. My collectibles are going up quite fast. trade4us2 - 2021-09-02 14:59:00 |
| 18 | lyl_guy wrote:
It’s naughty and the penalties are expensive when the money laundering rules are ignored. I’d rather double my money by folding it in half and putting it back in my pocket than giving it to cowboy operators... lovelurking - 2021-09-02 15:14:00 |
| 19 | lovelurking wrote: Sharesies aren't cowboy operators. just got caught without good enough processes. I use Hatch but only because I'm only interested in US and they were cheaper. There's nothing to suggest Sharsies are cowboys. sparkychap - 2021-09-02 16:40:00 |
| 20 | daz59 wrote:
We have a fair amount in two mixed funds, each with NZ and international markets and Shares, bonds and deposits. Both funds are similar to a Kiwisaver fund. First is the investment side of a big bank, lower fees and supported as a default Kiwisaver investment. Higher return of the class, currently showing around 13%pa after fees. Second is a larger specialised investment fund. Consistently the higher return of its class, over many years. About 22%pa after fees. Fees for the second are about .75% higher than the one supported for Kiwisaver - go figure. For this sort of thing, do real due diligence, look at returns over time and understand their investment strategy. Recognise that any investment showing over 2% a year will carry risk. tony9 - 2021-09-02 17:31:00 |
| 21 | lovelurking wrote:
Share price plus dividends if any ryanm2 - 2021-09-02 17:34:00 |
| 22 | sparkychap wrote:
People are strange aren’t they ?, anyway I’ve got a hatch account too as there is / was way more options in the US stock exchange too make money. Sharsies does have a lot more US companies than they used too. Crypto is where the real money is. It’s still in its infancy and once people realise it’s here to stay and grow it wil become a lot more normalised, but hopefully not regulated. ryanm2 - 2021-09-02 17:39:00 |
| 23 | lovelurking wrote:
Actually year to date it’s up 23.80% . ryanm2 - 2021-09-02 17:40:00 |
| 24 | sparkychap wrote:
That’s good to know. Thank you. lovelurking - 2021-09-02 17:43:00 |
| 25 | ryanm2 wrote:
That sounds better than back in the 80s. Very impressive. lovelurking - 2021-09-02 17:46:00 |
| 26 | ryanm2 wrote: I came for the meme stonks, stayed for the real companies.... I'm not across crypto enough to invest money, but I'm sure I'll regret that in 5 years time! sparkychap - 2021-09-02 17:48:00 |
| 27 | lovelurking wrote:
It’s been an excellent last couple of years on the share market - maybe it’s time it pulled back a bit? ryanm2 - 2021-09-02 17:50:00 |
| 28 | ryanm2 wrote:
That was said about Tulips in the past. Interesting how it (and many other speculative bubbles) turned out. tony9 - 2021-09-02 17:53:00 |
| 29 | I suggest investing in Nz shares. I have done and it has worked. I get dividend payments plus the shares have increased in value. kamo631 - 2021-09-02 18:12:00 |
| 30 | tony9 wrote:
Crypto isn’t based on speculation though , it’s blind faith. ryanm2 - 2021-09-02 18:27:00 |
| 31 | ryanm2 wrote: It's certainly blind faith that Elon Musk will keep his trap shut.... sparkychap - 2021-09-02 18:40:00 |
| 32 | lyl_guy wrote: Inadequate ID checks, what else in their operation is 'not good enough'? Also it brings to mind that once upon a time - not so long ago - there was a man called Bernie Madoff ...... he operated for many years, he was widely respected, many trusted him, many invested in his financial empire, many profited handsomely on paper, a few choose to take their profit, many chose to 'reinvest' , many lost everything ..... brouser3 - 2021-09-02 18:43:00 |
| 33 | sparkychap wrote:
I usually google the words you use that I don’t understand but tonight I’m going to admit I have no idea what “meme stonks” are... Could you type your reply slowly so I can understand it please? TIA lovelurking - 2021-09-02 18:53:00 |
| 34 | lovelurking wrote: The phrase "stonks" to represent bad stock market investments has been around for a few years, but the phrase has come to prominence in the past 12-18 months largely as a result of a subreddit share tips page where a group of posters noticed that Wall Street Short Sellers were focused on specific shares. A short seller will "borrow" shares from existing holders, sell them and use the money to trade to make a profit. Then shortly before the shares are due to be returned, they would rebuy them and give them back, having made a small fortune with the "free cash". The short sellers would make their money by using stocks they through were falling so they could buy them back at a lower price than they sold them for. However, the subredditers realised that in order to fulfil their contracts, the short sellers would need to buy back the shares regardless of the price, so even if the price rises. So they grouped together, bought shares, then hyped them up so the share price would rise, and they could sell back at a profilt to the short sellers who needed to buy. Some of these businesses were floundering - Gamestop and AMC being the two leading ones but since the meme stonk craze, they have been rising illogically, purely driven by the need for short sellers to eventually buy the shares back. The wall street companies have lost billions and small traders have made thousands on relatively small investments in these "meme stonks". GameStop was c $10USD up to end 2020. Its now $210USD. The market cap is far in excess of the actual value of the business. Edited by sparkychap at 7:37 pm, Thu 2 Sep sparkychap - 2021-09-02 19:28:00 |
| 35 | Thank you, I’ve read this three times and think I understand. Have I understood what you are saying? lovelurking - 2021-09-02 20:30:00 |
| 36 | lovelurking wrote:
Pretty much that was it. Have you seen the movie ‘The Big Short’ ? ryanm2 - 2021-09-02 21:29:00 |
| 37 | ryanm2 wrote:
No. I haven’t. Is it on Netflix? lovelurking - 2021-09-02 21:42:00 |
| 38 | And while I’m at it, what is AMC please? ( I find sometimes it’s like trying to read alphabet soup in this real estate category, jeffq got me confused in the thread about Arthur Grimes when he mentioned CCCFA, I googled it but it was far too complicated and complex for my simple brain and the last 2 letters didn’t stand for ‘Fu€k All’ as I had first thought ????) lovelurking - 2021-09-02 21:54:00 |
| 39 | trade4us2 wrote:
I have $$,$$$.cc with Kiwibank - I got $1.52 interest and that included the bonus interest hahah mazalinas - 2021-09-02 22:08:00 |
| 40 | AMC is one of the largest American cinema and entertainment companies but their stock prices had been falling for months before it became a meme stock. sparkychap - 2021-09-02 22:22:00 |
| 41 | I use simplicity managed funds for all my spare cash instead of term deposits. Same funds as kiwsaver but can access. Some on conservative , some balanced and some growth. fromnature - 2021-09-02 22:36:00 |
| 42 | sparkychap wrote:
Thank you. lovelurking - 2021-09-02 22:40:00 |
| 43 | kail85 wrote: lythande1 - 2021-09-03 08:38:00 |
| 44 | sparkychap wrote:
I’m pretty sure I’ve got this nailed. So, Arthur Grimes is Rick Grimes father? thumbs647 - 2021-09-04 06:23:00 |
| 45 | thumbs647 wrote: Rick Grimes was on a Mishonne. sparkychap - 2021-09-04 10:13:00 |
| 46 | sparkychap wrote:
Eugene-ius ???????? thumbs647 - 2021-09-04 14:09:00 |
| 47 | thumbs647 wrote: I haven't watched the last few seasons, but keep an eye out for Carl. sparkychap - 2021-09-04 14:16:00 |
| 48 | sparkychap wrote:
Conspiracy theory alert: with the last season of TWD in the can, they expect a drop in viewers (and associated ratings), hence the drop in price???? thumbs647 - 2021-09-04 14:23:00 |
| 49 | thumbs647 wrote: Do we ever find out where Rick went in the helicopter? sparkychap - 2021-09-04 14:37:00 |
| 50 | kail85 wrote: the interest rate for the ANZ serious saver account is virtually non existent. megan109 - 2021-09-04 16:45:00 |
