Debt, NZ Property, Gold and Bitcoin / Reece Reilly
Debt, NZ Property, Gold and Bitcoin – should this form part of a well-balanced diet of financial instruments that the everyday investor consumes?
In this unique episode, the tables have turned and the host is now the interviewee. Reece Reilly hosts a podcast and Youtube channel called KiwiTalkz and has recently celebrated a pretty big milestone.
In my travels recently around the central North Island recently, I popped in to see Reece and have a casual, un-scripted conversation around some topics that he and his listeners are interested in.
Whether it’s health, having children, politics or money – it’s so hard to learn about anything new without being uncomfortable every now and then with opposing schools of thought. This is especially true if you already have what you believe is a solid understanding in any subject matter. I guess it’s human nature- When you think you’ve figured something out with your learning, it’s easy to be quite rigid about your belief’s and views. Unfortunately, when it comes to investing in particular, I think that many everyday Kiwi’s shy away from learning more because of two reasons: Firstly, they may hear a view that contradicts what they already believe as true, and secondly, sometimes people are put off by those who are are ‘quite smart’ in their field.
Take property investing as an example, as this is something the discussion centered on today: I know some really successful property investors that buy property across the country as fast as they’re able to, then use the rental income from the tenants to pay down the debt over time – the idea is that you as an investor are leveraging off the ability of your tenants to reduce the debt for you – which, when you’re ready to retire, creates a portfolio of cashflow positive properties producing passive income. On the other hand, I know many investors that choose to buy a smaller amount of property in the major city centres only – the thinking here is that the capital gains that can be grown over time, can eventually be harvested by selling off some property later on at time of retirement. Arguably, the end position is similar, but the journey is different. Is one method better than the other? Well if you spoke to those in each of those two camps, they would absolutely suggest it is. In a sense, they’ve added to the complexity problem with how everyday people can build wealth by not allowing much room for opposing ideas.
So In this show, we’re taking a pragmatic look at some of big questions that we all potentially have at some stage in our investing lives:
What’s good debt and what’s bad debt?
Should we reduce our mortgage or should we instead invest more?
What’s the best way to respond to market uncertainty?
Should everyday people invest in Gold and Bitcoin?
Who stole the cookie dough?
Katie Portmann is a Canadian who now calls New Zealand home. Her favourite memories are of baking cookies with her mum (or rather of stealing a bowlful of the cookie dough when her mum turned away). As an adult, she has often found herself whipping up a batch of cookie dough as a treat after a hard day of work.
Cookie Dough Collective started as a side project which soon turned into something Katie now pursues full time. She is on a mission to introduce Kiwi’s to the joys of eating raw cookie dough. Cookie Dough Collective encourages families to come together, gives people a playful alternative to traditional dessert and encourages nostalgia of being a kid making cookies again!
On this episode we talk about:
- Bringing the US trend of eating cookie dough to New Zealand
- The changing dessert landscape of New Zealand
- The growing trend to support small, local businesses as a result of Covid-19
- Staying fit when you make cookies for a living
Listen to the Podcast Here:
Cookie Dough Collective makes pre-mixed cookie dough that is ready-to-bake for soft, chewy cookies, or to eat straight from the tub, just like ice cream!
Quotes from the episode:
“I want cookie dough to be recognized as a legitimate dessert. Something that sits on a shelf next to the ice-cream at a supermarket. A dessert that you consider eating after dinner, not just something you eat when licking the bowl clean after making cookies.”
“I really believe in having a good sense of balance in our life. I don’t have cookie dough for breakfast.”
“Prior to Covid-19 buying packaged food online wasn’t common. Now, people recognize that it is fine and in fact a convenient thing to do. This has helped us create a new base of customers.”
Understanding the UK Huawei ban and the Disruption of the Auto Industry
Understanding the United Kingdom’s Huawei ban, LPM Property Management client data leak, FordPass Connect arrives in NZ, GM go big on Electric Vehicles whilst BMW move into subscriptions, Samsung begins teasing the Galaxy Buds Live.
Hosted by Paul Spain and this week’s guests: Vincent Heeringa.
Listen to the Podcast here:
NZ Tech Podcast
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Gorilla Technology
Free Tesla Supercharging
Special thanks to organisations who support innovation and tech leadership in New Zealand by partnering with NZ Tech Podcast:
Umbrellar Connect
Sumo Logic
HP
Samsung
Vodafone NZ
Spark NZ
Vocus
Harvest Update 2020 Waipara, North Canterbury – NZ Wine Podcast 68
Winemakers from Waipara, North Canterbury tell us how the year was leading up to the 2020 harvest and how the vintage is looking.
Listen to the Podcast Here:
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Paul Goodege - The Boneline: www.theboneline.co.nz Paul Donaldson - Pegasus Bay: www.pegasusbay.com Frank Manifold - Mt Brown Estates: www.mountbrown.co.nz Follow NZ Wine Podcast on Instagram: www.instagram.com/nzwinepodcast Music track featured on this podcast: ‘Here He Was’ – courtesy of Brent Page. Dog Squad Music
Have you invested in big oil today? Barry Coates can tell you, now
Is your KiwiSaver invested in porn, weapons and ciggies? Does it have a stake in fossil fuels and palm oil plantations? How would you know? And what can you do? Barry Coates founded Mindful Money to dig into such investment conundrums, reveal where the money flows and provide ethical alternatives. The former Greens MP and Oxfam CEO talked to Vincent about radical transparency, the power of investors, the excitement of ideas and his own Damascus Road conversation to a greener, sustainable world.
Hear the Podcast Here:
About Mindful Money
Mindful Money provides free insights into the investments of KiwiSaver funds. Only 1% of current KiwiSaver funds exclude investments in porn, gambling and animal cruelty. Only 2% exclude fossil fuels. Mindful Money allows you to choose your ethical criteria and recommends the funds that match. It gets paid a small fee when you switch funds. Check it out.
The Covid-19 Surprise for NZ Golf
Jason Gulasekharam, the Media and Communications Manager for NZ Golf, and a talented amateur player himself, reports a very surprising statistic reflecting participation in golf since the end of the Lockdown. As well, Jason outlines the plans for the re-start of the Charles Tour that tees off at the Muriwai Beach Golf Club on July 30, leaving our hosts to reminisce about their days playing that wonderful West Coast links in all kinds of weather.
Listen now:
Resilience, Re-Start, and Reset: The 3 R’s
Whether it be your career, your business, or your investment portfolio, there will be times when you will encounter at least one of these 3 ‘R’s’
I reached out recently to some business coaches during the lock-down, just to get a sense for how things are going in the business community.
Small to medium sized enterprises employ so many Kiwi’s, and therefore by default, many are dependent on them to succeed. What’s been troubling business has also been troubling individuals also – whether it’s our business or our careers, this period of time can test us all.
What’s our response to this? Shrink back / let things die, or tough it out, take ground, and innovate? It’s actually not a simple answer!
We’re breaking this discussion broadly into three parts:
Resilience: This means the capacity to recover quickly from difficulties; toughness. It can also characterize the ability of a substance or object to spring back into shape.
Re-start: Perhaps it’s time to let your career die/ or let your business die. This is super hard, but IF it’s the right thing to do, allowing the death to occur fully, is necessary before anything completely new can occur.
Reset: It’s important during troubling times,to take stock, and re-align to what’s truly important to you – this may not just be about finance.
In this episode, we’re not talking about ‘investments‘, we’re instead focusing the discussion on the investor. Our income, or our current base of wealth and how we invest it, has way more to do with what happens in the mind than it does in the wallet.
A bit about my special guests:
Frikkie and Pao Le Roux
This husband and wife team have over 40 years combined business and management experience working with executives and managers in business.
Frikkie has received several international awards for recruitment and increasing sales results.
Pao’s background in marketing, experience in training and coaching, and previous business ownership bring significant value to clients.
Steve Clark
Steve has a heart for helping people and seeing them prosper.
Steve draws on a career in risk management, training, controls assurance and pastoral support in NZ and overseas.As a Chartered Accountant Steve brings experience across various industry sectors and business processes – ‘from boiler room to board room. He operates with both a personal and structured approach to clients having been in past leadership, mentoring and pastoral roles.
If you’d like to learn more about High Performance Training and Coaching or to download their free e-book mentioned in this podcast, visit: https://highperformance.kiwi.nz/
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Like what you’ve heard?
You can really help with the success of the NZ Everyday Investor by doing the following:
1- Tell your friends!
2- Write a review on Facebook, or your favourite podcast player
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5- Sign up to our newsletter here
NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!
Please ensure that you act independently from any of the content provided in these episodes – it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage an authorised financial adviser to provide guidance around your specific goals and objectives.
_____________________________________________________________________________
Where to find Darcy Ungaro:
Ungaro &Co (authorised) financial advisers
Want to chat, then you can schedule in a free 15 min conversation just click on this link
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For the love of street food
Marc Hershman trained to be a chef at a really young age. He left the world of hospitality for the corporate life only to start a food truck twenty years on. His food truck Mama Tahina was featured in Lonely Planet’s, Around the World in Eighty Food Trucks. Today, he is an Insurance Broker by day and the Founder of Love Street Food by day and night.
Love Street Food dream and bring to life some of the best food events in Auckland. Previously they have organized the Mediterranean Night Market and Christmas markets at Victoria Park. Most recently they hosted the Brunch at French Bay. As if that’s not enough, Love Street Food helps you curate and book some of the best food trucks for your parties, weddings and other gatherings. It would therefore be fair to say that Marc knows his street food.
On this episode we specifically talk about:
- Is owning a food truck as glamorous as the movie make it out to be?
- The early struggles involved in getting a food truck on the road.
- Would you book a food truck for your wedding?
- The role of street food in creating the culture of a city.
If you have been dreaming of owning a food truck or if you’re like me and attend every single food festival out there (or atleast as many as you can), you’re going to love this episode!
Listen to the Podcast Here:
Quotes from the episode:
“My magical sofa is an old sofa in our home where I’ve sat and come up with many business ideas. Once upon a time I was on my magical sofa and I turned to my wife and said hey, I think we should do a food truck. And then I said, I think I found a truck.”
“The food industry is a really warm and welcome industry. Partly because it is so hard to survive here.”
“People enjoy direction. Don’t try to be all things to all people. Three to five dishes are all you should aim for when it comes to a food truck menu.”
Follow the Love Street Food journey or hop on their website to book a great food truck for your next event: journey or book them for your next party: https://www.lovestreetfood.co.nz/
Spark NZ update on IoT and 5G
Alphabet Loon commercial launch, should NZ roll out red carpet to global tech leaders, Soul Machines provides World Health Organisation with a digital human, Hands on Amazon Echo Auto – NZ hands on experience, Ring 3 Plus, Spark IoT and 5G.
Hosted by Paul Spain and this week’s guest: Renee Mateparae, Tony Agar.
Listen to the Podcast here:
NZ Tech Podcast
Paul Spain
Gorilla Technology
Free Tesla Supercharging
Special thanks to organisations who support innovation and tech leadership in New Zealand by partnering with NZ Tech Podcast:
Umbrellar Connect
Sumo Logic
HP
Samsung
Vodafone NZ
Spark NZ
Vocus
*Photo Source: Loon
Climate and Vote 2020: Geoff Simmons of The Opportunities Party
TOP rocketed to fame in the last election off the back of its former leader Gareth Morgan attacking pretty much everything: government, the opposition, the wealthy, the tax system the welfare system and even cats. This time around it’s Geoff Simmons at the helm. The former economist talks to Vincent about prospects for success, climate action, upending the tax system and the future of a value, not volume driven New Zealand.
Hear the Podcast Here:
Facebook vs The World
Thiefquest malware targets Mac pirates, Facebook boycotts snowball, NZ Covid Tracer, closed borders, Lightbox and Neon merge, Rocket Lab loses rocket and payload, Iran threatens retaliation for cyber attacks.
Hosted by Paul Spain and this week’s guest: Paul Brislen.
Listen to the Podcast here:
NZ Tech Podcast
Paul Spain
Gorilla Technology
Free Tesla Supercharging
Special thanks to organisations who support innovation and tech leadership in New Zealand by partnering with NZ Tech Podcast:
Umbrellar Connect
Sumo Logic
HP
Samsung
Vodafone NZ
Spark NZ
Vocus
Changing Mortgage Gears in Retirement / Shaun Drylie
It’s hard to change your attitude or ‘turn your back’ on some of the goals you’ve achieved in life. If getting debt-free on your home was what you wanted to do before retirement, this may be something that needs to change – especially if you want a life which is ABOVE average.
Today’s episode is brought to you by the word –Retirement – perhaps it’s a long way off for you – but it’s important that we discuss this every now and then – and so that’s what today’s episode is really all about. Many people, either on purpose or by accident have a simple, default plan for retirement – Get debt-free on a home, then live off super and hopefully have this topped up some KiwiSaver funds.
A study done in 2018 showed that actual spending of a typical retired couple, revealed a shortfall in weekly income by just over $200 per week to fund a very basic lifestyle. So where can the rest come from? It has to come from somewhere right – so where?
It could come by working longer – that’s fine, if health permits, but working for life – really?
It could come by selling the home – but what if you don’t want to move to a smaller home, further away from where potentially your family and friends still live?
Apart from down-sizing the home, or working later on, the options are limited for retirees unless there’s sufficient other investments that they can draw down on
Another question is this – aren’t we allowed to have more? In retirement, don’t you want to travel, spend time with family, help the kids with getting started with property.
How can you make up the shortfall if everything is tied up in your home to simply live well – then beyond that, is there anything one could do to account for the unexpected costs you’ve experienced your entire life – these aren’t going away when you retire.
But in essence, If you have a choice today (and I appreciate some don’t) and if you had the power to influence your future (which hey, you do by the way), wouldn’t you prefer to choose an awesome lifestyle in retirement? I certainly would!
Today I’m talking with Shaun Drylie, Group CEO at SBS bank – relying on property is tricky with retirement planning, because it’s illiquid – it cant be converted to cash quickly. It’s why with retirement planning, it may not be included in the tool box of things that can be consumed in your later years.
So, for the everyday investor, those who do think property is the be all and end all when it comes to building wealth – could the equity in a debt-free home that we’re aiming for in retirement, be accessed to create an additional income source to supplement our lifestyle needs? The answer is yes, and it’s not as ugly as you may think.
Standard, orthodox financial advice, disagrees with classifying your main home as an investment. In reality however, the bulk of people who own property do actually think of their home as an investment – Is it time for us in the investment community to account for this somewhat heretical viewpoint I wonder?
A reverse mortgage has traditionally been frowned upon and I totally get why. In a sense, you’re turning your back on the habits that got you into the position you’re in – specifically, the position of having a debt-free home. Idealistically sure, it’s great to keep your family home separate and fund retirement by other means – but you can’t ignore the reality that for many, the only other option to supplement retirement needs is to sell up, and move into a property that you may not be ready for.
Often orthodox advice here is at odds with practical advice – and what I mean by this is simple: If you can stay living in your home, yet access capital in that property to live off of, then why not? Interest rates have been trending down for decades and in true fashion of blaming Covid for everything, what we’re seeing now is an acceleration of this trend – lower interest rates for longer, and higher asset prices will be a high probability outcome. To be honest, I’ve frowned upon these reverse equity mortgages in the past – but I think some new thinking is required here.
Not only will reverse mortgage likely become a little more mainstream for retirees –I can see how in some cases, older parents could assist their children with deposits, to purchase their homes sooner too. Kids have the income but limited deposit, parents have the equity but limited income – there could be something in this. Instead of waiting for mum and dad to sell up or hurry up and get dead, maybe there’s an opportunity for both groups to spend more time in property ownership? Maybe the folks could get a reverse mortgage, give the proceeds to the kids as a deposit to purchase their first home sooner. When the kids are in a position to pay back the parents – great. It’s a win-win, especially if property values on both the parents home, and the kids new purchase, increases over time.
Now, if you’d like to learn more about how a reverse mortgage could work for you, or for your parents, or even for both of you – there’s two things I can suggest:
1 – Get in contact with SBS to discuss this further
2- you can reach out for some advice from a registered or authorised financial adviser that you feel comfortable working with to discuss this with further
___________________________________
Like what you’ve heard?
You can really help with the success of the NZ Everyday Investor by doing the following:
1- Tell your friends!
2- Write a review on Facebook, or your favourite podcast player
3- Help support the mission of our show on Patreon by contributing here
4- To catch the live episodes, please ensure you have subscribed to us on Youtube:
5- Sign up to our newsletter here
NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!
Please ensure that you act independently from any of the content provided in these episodes – it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage an authorised financial adviser to provide guidance around your specific goals and objectives.
_____________________________________________________________________________
Where to find Darcy Ungaro:
Ungaro &Co (authorised) financial advisers
Want to chat, then you can schedule in a free 15 min conversation just click on this link
Lastly, you can also subscribe to our newsletter to ensure you are receiving the latest updates.