The Money Mustache Community

Mustachian Community => Meetups and Social Events => Topic started by: RichERich on September 24, 2014, 06:29:36 PM

Title: New Zealand Mustachians
Post by: RichERich on September 24, 2014, 06:29:36 PM
Hi folks,
Thought I'd put out some feelers to see if there are any Mustachians lurking in New Zealand?
MMM has had a big impact on both my personal life and my work (I'm a personal finance writer for Stuff.co.nz and the Sunday Star-Times)
Here's an interview I did with MMM last year:
http://www.stuff.co.nz/business/money/8871812/Finding-the-road-to-early-retirement

I'm based in Auckland, and would love to meet some fellow travellers. I'm getting the sense that early retirement and anti-consumerism are starting to pick up steam here.

It'd be great to meet some like-minded people, and possibly also work on getting more stories and case studies out there to help convert the masses.

Signal your interest (if there's anyone out there) and then we can work on organising something more specific!
Title: Re: New Zealand Mustachians
Post by: Faramir on September 26, 2014, 04:44:29 AM
Hi, I'm in Pukekohe but I would be interested in an Auckland meetup. I may not be the ideal case-study with my car clown-like commute to Auckland every workday but I'm keen to meet other blog readers.  I'll wait for more people to signal interest & see if a time & date can be arranged.

Title: Re: New Zealand Mustachians
Post by: nz on September 27, 2014, 01:19:51 AM
Hi Richard, I am a regular reader of your columns ( personal finance junkie ) and have been hanging around this site and ERE for a 2-3 years now.

Like you, the MMM philosophy has helped clarify my thinking towards money and I 'retired' last year from my teaching job aged 48.
Whilst I would like to think that there is a groundswell of similar thinking people, I unfortunately think we are in a very small minority.

Anyway, I am happy to talk more or perhaps meet up. I live in New Plymouth but sometimes get to Auckland to visit my son who is studying at uni.
Title: Re: New Zealand Mustachians
Post by: KiwiMust on October 01, 2014, 04:07:33 AM
I have never looked on this section before, very excited to see some other Kiwis (especially Auckland dwellers) keen to meet up. It would be great to meet some like minded people.
Title: Re: New Zealand Mustachians
Post by: the lorax on October 05, 2014, 12:24:32 AM
Nice articles- was reading one of yours this morning!
I'd be interested in a meet-up but I'm based down in Christchurch
Title: Re: New Zealand Mustachians
Post by: Less on October 05, 2014, 02:41:56 AM
I am I  Auckland.  Live I  East tamaki and could be keen to meet and discuss.  I have been thinking for a while what could be do to help improve the efficiency of the average nz household. 
Title: Re: New Zealand Mustachians
Post by: Less is More on October 17, 2014, 09:43:36 PM
Hi there RichERich and other NZers.
 Im am a 49yr old Lady from Whangarei and was a lurker for a while before registering with MMM recently.

It might be hard for me to make a meet up before The Christmas holidays are over, but am pleased there are some other NZ Mustachians here.

I have not so much been aiming for early retirement, but have always been fairly frugal and saved a lot due to desiring financial independence , have avoided debt like the plague and have been mortgage free for some time.
Consequently I am not doing too badly in spite of the fact I choose to work part time ,so that I have more time to live a balanced life that is not too stressful.

Books such as "Your Money or your life" and "Affluenza :When too much is never enough." have really resonated with me,and a simple life of minimal consumerism has always appealed to me.
I agree with most of Mr MMs articles.

Title: Re: New Zealand Mustachians
Post by: Tieke on October 18, 2014, 03:34:04 AM
Great idea, RichERich!  (And nice article, btw.)  I'm keen for a meet-up in principle, but am currently based in Palmy so Auckland is a bit far afield.  If we can get a group from around the Manawatu or Wellington who wants to meet up though, that's a bit more doable...

MMM has made a huge difference to me since I started lurking here around the start of the year - I've paid off my student loan, halved my transport costs, and am now living on around 50% of my income as a direct result of this site.   The sooner the rest of NZ catches on, the better!
Title: Re: New Zealand Mustachians
Post by: mqq on October 21, 2014, 09:29:23 PM
Hi I am a recent lurker as well, first time poster :)
I'm also in NZ but South Island... looks like the few of us here are a bit spread out, so a meet up might be difficult (that's the thing about living in NZ i suppose) - so maybe we could have an online community where we ask each other for advice, share stories etc for things that are specific to NZ.  Thoughts?
Title: Re: New Zealand Mustachians
Post by: RichERich on October 28, 2014, 06:34:12 PM
Good to hear from you folks! I suspected we might be a bit spread-out, but we should keep this thread running to see if any more lurkers appear...
Title: Re: New Zealand Mustachians
Post by: Tieke on October 29, 2014, 12:20:15 AM
maybe we could have an online community where we ask each other for advice, share stories etc for things that are specific to NZ.  Thoughts?

I think that's a great idea...
Title: Re: New Zealand Mustachians
Post by: homehandymum on October 29, 2014, 02:58:43 AM
Oh I'm here, too :)  But further south than most of you, I suspect. 

The other place to find kiwis on this forum is gooki's journal "doing it slow and steady" - there are a few of us there who may not have seen this thread.
http://forum.mrmoneymustache.com/journals/doing-it-slow-and-steady/
Title: Re: New Zealand Mustachians
Post by: marty998 on October 29, 2014, 03:09:23 AM
Oh I'm here, too :)  But further south than most of you, I suspect. 

The other place to find kiwis on this forum is gooki's journal "doing it slow and steady" - there are a few of us there who may not have seen this thread.
http://forum.mrmoneymustache.com/journals/doing-it-slow-and-steady/

Beat me to it, I was going to suggest Gooki too.
Title: Re: New Zealand Mustachians
Post by: MashedBanana on November 14, 2014, 09:26:00 PM
Hi folks,
Thought I'd put out some feelers to see if there are any Mustachians lurking in New Zealand?
MMM has had a big impact on both my personal life and my work (I'm a personal finance writer for Stuff.co.nz and the Sunday Star-Times)
Here's an interview I did with MMM last year:
http://www.stuff.co.nz/business/money/8871812/Finding-the-road-to-early-retirement

I'm based in Auckland, and would love to meet some fellow travellers. I'm getting the sense that early retirement and anti-consumerism are starting to pick up steam here.

It'd be great to meet some like-minded people, and possibly also work on getting more stories and case studies out there to help convert the masses.

Signal your interest (if there's anyone out there) and then we can work on organising something more specific!
RichERich have you written an article about different ways to invest in the stock market in New Zealand? USA had their vanguard and their betterment, what are our options? I'm a complete novice when it comes to investment.

A few of my friends have bought stocks through Craigs but it seems like you get stung for quite a few fees...
Title: Re: New Zealand Mustachians
Post by: KiwiSonya on November 22, 2014, 01:03:06 AM
Hi fellow Kiwis, I'm a real novice but have been soaking up the whole blog since I discovered it through the Simple Savings website a few weeks ago. I feel some major life changes are coming. I'm in Wellington. 
Title: Re: New Zealand Mustachians
Post by: homehandymum on November 22, 2014, 01:26:14 AM
RichERich have you written an article about different ways to invest in the stock market in New Zealand? USA had their vanguard and their betterment, what are our options? I'm a complete novice when it comes to investment.

A few of my friends have bought stocks through Craigs but it seems like you get stung for quite a few fees...

Someone somewhere (probably Gooki) suggested SmartShares.  I had a look and they're definitely where we'll be putting our non-kiwisaver money (once we've paid off the mortgage...).  It's a comparatively low-fees, indexed based fund.
http://www.smartshares.co.nz/
Title: Re: New Zealand Mustachians
Post by: KiwiSonya on November 22, 2014, 02:54:06 AM
HomeHandyMum,  any idea which of their funds would be the best choice?  While paying off the mortgage is the priority I like the idea of making a start on investing so I can learn the ropes...
Title: Re: New Zealand Mustachians
Post by: homehandymum on November 22, 2014, 03:03:58 AM
No idea, sorry!  I just had a quick squizz when I saw them mentioned earlier this year.  I didn't need to get into the actual decision-making territory yet, as we're still some way from diverting funds to investments (and now we're even further, as we've just up-sized the house, which was not on the plans at the start of the year!).

Off the top of my head, I'd probably go with the SmartMidz or the SmartFonz, as giving you more diversity than the TEnz.  And I'd consider splitting the investment and getting some of the Aussie ones, too, although maybe not straight away.  As for how to balance those two?  Not a clue, sorry :)

I'm a rank amateur, I'm afraid!
Title: Re: New Zealand Mustachians
Post by: KiwiSonya on November 22, 2014, 11:02:45 AM
No worries, so am I. But it's exciting to feel like I'm learning and growing again after a long period of, well...not.
Title: Re: New Zealand Mustachians
Post by: BrewerNz on November 22, 2014, 09:14:21 PM
I'll throw in my experience of investing in smart shares. I love that I can put in money each month and not pay any brokerage. I started buying them just before the global financial crisis, I put in a lump sum and started a monthly payment. The NZMIDZ were priced around $3.30. I think they got as low as 1.19 (ouch) but I kept buying them month after month. Now they are back up to 3.35 and I have made amazing capital gains on all the shares I bought at that low price. I think they are a great product and I've never had any trouble selling some on the open market when I needed the cash (so you don't actually need to cash them in through smart shares which is handy)

Even with a mortgage still to pay off they are affordable as I think the minimum buy is only $50 a month if you sign up for the regular payment plan.

And I agree with homehandymum, the funds that invest in the middle companies are well diversified and have more room for growth. Those top ten funds seem to cover companies they may have already maxed out their growth potential but could still give steady dividends. However I too am a total amateur, always trying to learn more about the investment options we have down here.



Title: Re: New Zealand Mustachians
Post by: nz on November 23, 2014, 12:55:03 AM
Kiwisonya - welcome. 
The whole investing thing can be pretty daunting at first. Rest assured that nobody has all the answers and all of us,even the professionals , are just guessing as to what lies ahead in any particular market.

I agree that funds are a good way to invest but if you  really want to educate yourself I would suggest that you actually go a step further and buy shares in a couple of companies that you feel comfortable with. Some would say this increases your risk, which is true, but it also means that you will follow these companies closely and see what makes them tick. Hopefully you'll learn about the personalities involved and the market factors which forces their prices either up or down.

I have encouraged my university student son to do this and it has been great to see how knowledgable he has become in  quite a short time.He now reads the business pages instead of the sports pages. ( he has also made some good money along the way).

Remember the purpose of this exercise is to educate yourself about the markets and investing.
No guarantees but I would start with some companies that you know and trust eg Auckland Airport, perhaps some retailer that you frequent or some govt. backed company.

Nothing like having skin in the game.
Good luck and keep asking questions.
Title: Re: New Zealand Mustachians
Post by: KiwiSonya on November 23, 2014, 01:04:27 AM
Thanks NZ and Suselore, great advice. I might go with both approaches. We can afford $50/mth to get started in SmartShares and will also buy some shares in known companies.  My parents bought my sister and I some shares on the 80's as an educational tool. I remember it being fun to track in the paper until the company went belly up in the crash ( Cashmere Pacific I believe it was called). My family live in Tauranga and are forever going on about how wonderful their Port of Tauranga shares are doing. They are expensive though and not sure what their growth potential is like. Any thoughts of them as my educational stocks, nz? Cheers Sonya
Title: Re: New Zealand Mustachians
Post by: nz on November 23, 2014, 01:19:01 AM
Port of Tauranga effectively clip the ticket of nearly everything that is imported or exported. They have had good steady growth over the last few years and will probably continue to do well so long as NZ keeps trading.( lets hope' foot and mouth' never takes hold or all bets are off!)

Keep asking those questions

Title: Re: New Zealand Mustachians
Post by: KiwiSonya on November 23, 2014, 11:15:15 AM
Thanks nz! Now how to acquire some shares. Might start with a higher fee, full service broker so I can pick their brains then drop back to a cheaper no frills one once I know what I'm doing. Any nz brokers that have given you lot good service?
Title: Re: New Zealand Mustachians
Post by: Less on November 23, 2014, 02:06:09 PM
Hey Kiwisonya,

Don't think of shares as expensive. In the US share prices are commonly in the 10s of dollars. In NZ they tend to be smaller chunks, like under 5$, but what is important is % gains on the money you put in. You are never going to be buying shares in $100x lots because the brokerage will eat your returns, so focus on how much of that company you are buying up, and what % return you hope to get back from it. Set some objectives for a share when you buy it and take not of the company conditions when you make your purchase.

I would recommend developing some rules for yourself around how you want to invest and trade. This can help prevent you reacting impulsively to market fluctuations, and in time you will get better at evaluating stocks and companies to add to your portfolio, and to ditch from your portfolio when you decide you can do better else where.
Title: Re: New Zealand Mustachians
Post by: KiwiSonya on November 23, 2014, 11:50:48 PM
Thanks for the solid advice,  Less. Have found website ShareChat that has an advice section for rookies and borrowed a Martin Hawes book from the library this arvo. Anyone have any recommendations for websites or books that give good beginner investment info?
Title: Re: New Zealand Mustachians
Post by: nz on November 24, 2014, 12:27:08 AM
Kiwisonya  -  I use Craigs and pay full brokerage fees. Have a good relationship with my broker and get a few 'deals' which justifies their relatively high fees. Works for me but not necessarily for everyone.

Have a look at ASB, they seem to offer a decent service at a decent price.
Title: Re: New Zealand Mustachians
Post by: KiwiSonya on November 25, 2014, 12:21:16 AM
Thanks nz, you're a gem. Mary Holm recommended Asb's Easyfunds in one of her columns but when I rang up to enquire how to buy into the funds they made it sound anything but easy -wanted to interview my husband and I! Didn't have hubby on board so didn't take it further but now he's in I'll look again.
Title: Re: New Zealand Mustachians
Post by: the lorax on December 06, 2014, 12:36:15 PM
Hi
I use ASB's online brokerage service - it's very easy. Around $30 a trade, or $30AUS for things listed on the Australian STock Exchange (ASX).  If you want to buy the likes of the Vanguard and iShares index funds you have to phone rather than just clicking a few buttons as they are listed on the ASX (http://www.asx.com.au/products/etf/managed-funds-etp-product-list.htm#ETF). Smartshares are good but only have offerings for NZ and Aus at the moment although they may introduce all world ETFs in the future. Last time I checked, to join in the Smartshares monthly scheme you had to buy a chunk upfront, was around $1500 then. The monthly scheme is good though and I like that you have the dividend reinvestment option (they charge $2 each time for that).

I started off buying individual shares. I did learn a lot by doing that and it did get me to learn about companies, finance terms etc but they main thing I learned is that I'm not great at stock picking so I've stuck with index trackers since! It's a bit frustrating still how much more expensive it is to invest here than overseas - fees of 0.6% rather than 0.06%!!
Title: Re: New Zealand Mustachians
Post by: KiwiSonya on December 07, 2014, 02:08:14 AM
Thanks thelorax, that's good to know. Have you invested in vanguard at all? On top of the higher mgmt fees I fear we might also pay more tax on the international offerings due to the lack of imputation credits. But this rookies still learning the lie of the land. But I'm hard core studying - am reading Buffettology,  Rich Dad Poor Dad and Martin Hawes all at the same time.
Title: Re: New Zealand Mustachians
Post by: Strawberrykiwi75 on December 07, 2014, 04:23:08 PM
Is anyone in Christchurch or nearby SI? I'd be keen for a meet up :-)
Title: Re: New Zealand Mustachians
Post by: MashedBanana on December 08, 2014, 11:59:01 PM
We could make a new Zealand mustachian fb group?
Title: Re: New Zealand Mustachians
Post by: Strawberrykiwi75 on December 09, 2014, 12:27:45 AM
We could make a new Zealand mustachian fb group?

+1 sounds good!
Title: Re: New Zealand Mustachians
Post by: KiwiSonya on December 09, 2014, 12:56:29 AM
I'd join a facebook group too.
Title: Re: New Zealand Mustachians
Post by: Tieke on December 09, 2014, 01:23:23 AM
I'd join a facebook group too.

yup, me too!
Title: Re: New Zealand Mustachians
Post by: the lorax on December 11, 2014, 12:00:24 AM
I'd be interested in a FB group or meet up (I'm in Christchurch).
Kiwisonya - I'm also trying to figure out the impact of the tax regime we have. I decided the best way to learn was to just have a go so I've invested small amounts through Smartshare, Vanguard and iShares ETFs plus joined Superlife and will see what happens. The management fees are quite a lot lower with some of the funds you can buy on the ASX - e.g., there's a US ETF for 0.06%. Off the top of my head I think Vanguard has an Australian top 350 shares ETF with a management fee of 0.17%. I didn't like the Smartshares ones so much because you have to choose either the top handful of companies or a mid-cap version and then their fees are higher at around 0.6%. The Vanguard ones aren't set up as PIEs though so the taxes on any dividends will be a bit higher, plus there's the imputation credit issue (both lots offer dividend reinvestment). The international funds ETFs would be subject to the Foreign Investment Fund tax system (not sure about Australian shares actually), but that kicks in at $50K or more so I'm safe on that for a while yet. The likes of Superlife have decent passive funds but the fees are around 0.5% but they are just using the likes of Vanguard as their underlying funds and sticking their commision on top it  although they do sort out all the tax for you and seem good to deal with so I'm trying them too. All up I'm just going to record the costs of the different ways of investing in fees and tax and see if there's a clear winner! Definitely be good to keep this thread going/have a meet up/FB group so we can learn from each other.
Title: Re: New Zealand Mustachians
Post by: KiwiSonya on December 11, 2014, 12:47:21 AM
Thanks for the details thelorax, that sounds like a good strategy.  Now we have a bit of a kiwi group going we can share success and hopefully not so much failure. I think my first step will be to use the formulas in Buffettology to find myself a single Nz company that I can invest in and actively follow as a learning experience (thinking of Port of Tauranga as I know a bit about the business and its from my home town). But I am also keen to try out Vanguard.  There may be tax issues but as you say $50k will be a while away and hopefully we will be much more knowledgeable by then. S
Title: Re: New Zealand Mustachians
Post by: MashedBanana on December 16, 2014, 01:49:12 PM
You have to add at least one person to a facebook group to start a new one, none of my friends are mustachian :-(
Title: Re: New Zealand Mustachians
Post by: homehandymum on December 16, 2014, 01:53:11 PM
I will PM you my real name :) and you can add me.
Title: Re: New Zealand Mustachians
Post by: MashedBanana on December 16, 2014, 04:10:25 PM
Sweet, group had been made :-) search "kiwi mustachians" in Facebook
Title: Re: New Zealand Mustachians
Post by: Richard3 on December 16, 2014, 09:38:43 PM
I was shocked when I came home from living in the UK just how expensive sharetrading is here.

Quote
ASB is 0.3% with a minimum of NZ$30.00 per trade

I overpay slightly in the UK since I do it through my bank there and that makes life a lot easier. I pay a Maximum of $25 at current exchange rates  (£12). Does anyone know why NZ is so expensive? Just a lack of competition? Or are NZX fees much higher than the UK and US exchanges?

On the bright side, I don't live in the UK any more.

I can't find the facebook group. Is that just me being difficult or is it a private group or something?
Title: Re: New Zealand Mustachians
Post by: homehandymum on December 16, 2014, 11:59:34 PM
I can't find the facebook group. Is that just me being difficult or is it a private group or something?

It's a closed group, but not a private group.  You should be able to find the group and see the members, but not see posts until you're a member.  Try again?

https://www.facebook.com/groups/1574186292811363/?fref=ts
Title: Re: New Zealand Mustachians
Post by: Richard3 on December 17, 2014, 01:42:08 AM
Yeah, yhat worked. Wonder if it is something about closed groups
Title: Re: New Zealand Mustachians
Post by: kiwibeach on January 06, 2015, 01:58:39 AM
Hello, just read the post about the Facebook page and have joined group.
I live north of auckland, don't know If the  size of my mortgage means I'm mustachian though.
It's a work in progress.

Also, powershop have a deal today to get $100 credit if you switch to them 😃
Title: Re: New Zealand Mustachians
Post by: RichERich on January 07, 2015, 03:45:41 PM
Happy New Year one and all! May 2015 be prosperous for all of us.

I've taken the liberty of grouping people by location in case we can get the numbers for a meet-up at some point. Sorry if I missed anyone, and please any other lurkers holla at me and I'll add you to the post.

Auckland
RichERich
DaveG
KiwiMust
Less
Boganvillia

North of Auckland
Less is More
kiwibeach

Christchurch/south
thelorax
StrawberryKiwi75

New Plymouth
nz

Manawatu
RovingKiwi

Wellington
KiwiSonya
Title: Re: New Zealand Mustachians
Post by: RichERich on January 07, 2015, 03:48:21 PM
Also Iíve jotted down a few thoughts on investing in the sharemarket in New Zealand. We are a little unlucky in that there are not many quality passive options, and those we do have are over-priced. These are just off the top of my head, so correct me if I've made a mistake.

Smartshares (NZX owned):
Pros: Offers passive exposure to a range of NZ and Australian stocks. Can set up a drip-feed savings plan and avoid paying brokerage, units are also tradeable on the market.
Cons: Management fees are ďexpensiveĒ- approaching the lower end of what youíd pay for an actively managed fund. Not a good range of international or sectoral options.

Superlife:
Pros: Cheaper than Smartshares with many of the same advantages, such as drip-feeding savings plans. Now also owned by the NZX which adds a certain layer of credibility.
Has a much broader range of investment options which you can customise at will, including domestic and international bonds, property, shares etc.

Cons: Somewhat confusing application process. Still essentially acts as a middleman for Vanguard etc, and thus clips the ticket along the way.

Vanguard/iShares/other passive overseas managers:
Pros: Much, much cheaper- sometimes 10 basis points management fees, which is about five times cheaper than most NZ options.

Cons: Application process can be confusing, opens up foreign exchange risk, and has important tax implications. You will come under the FIF rules: www.ird.govt.nz/forms-guides/number/forms-400-499/ir461-guide-fif-fair-dividend-rate.html
Unlike NZ equities, there are no imputation credits attached to stocks which basically mean you pay tax twice (at the company level and personal income tax).

Direct investment:
Pros: Brokerage at a DIY trading platform is about 0.3 to 1 per cent per trade, depending on the size of the parcel. However, if you buy and hold forever, this is negligible (say 0.05% a year over 20 years).

Cons:
Requires expertise and emotional control, and most people who dabble will almost certainly underperform the market. Difficult to achieve diversification unless you have a bit of money to invest (Martin Hawes reckons a bare minimum of $5000 across 10 different stocks).

So which approach do I chooseÖ the stupidest one, of course!

I buy stocks directly, in $5000 parcels, with the idea being achieving diversification over time.

Iím well aware I would do better simply by funneling $$$ straight into a passive fund, but enjoy picking stocks and reckon it keeps me motivated.

Brokerage with ANZ securities (a bare-bones online broker) works out to a one-off 0.6 per cent.

I try to make purchases using some basic value investing strategies. So far I have had some terrific clangers and some good successes.

In future Iíll almost certainly divert half my savings into passive allocation so that I can stop sabotaging my FI journey for the sake of a bit of fun.

For now itís such small amounts of money that itís not a huge issue.

As always, DYOR!

If anyoneís really new to the market, hereís a super basic article that might help:
http://www.stuff.co.nz/business/money/8670931/Dummies-guide-to-the-sharemarket

And hereís why I reckon passive investment is the way to go for most people:
http://www.stuff.co.nz/business/money/9338268/Every-win-balanced-by-a-loss

Title: Re: New Zealand Mustachians
Post by: Less on January 07, 2015, 03:53:52 PM
Hey all,

I was going to start trying to do a better job of tracking my spending this year. I went on line to check out Mint since everyone raves about it, only to be disappointed as it is not available in NZ.

Does anyone else have a good suggestion for how to track spending? I used Xero personal at one stage but that has been cut. I use Track my spending in ASB banking at the moment but somehow that just gets me confused as i use a series of accounts to bucket my incoming , joint and personal outgoings, as well as my savings each month.

Title: Re: New Zealand Mustachians
Post by: Less on January 07, 2015, 03:55:44 PM

So which approach do I chooseÖ the stupidest one, of course!

I buy stocks directly, in $5000 parcels, with the idea being achieving diversification over time.
....

I try to make purchases using some basic value investing strategies. So far I have had some terrific clangers and some good successes.

In future Iíll almost certainly divert half my savings into passive allocation so that I can stop sabotaging my FI journey for the sake of a bit of fun.

For now itís such small amounts of money that itís not a huge issue.


This quite accurately describes me.
Title: Re: New Zealand Mustachians
Post by: Annamal on January 07, 2015, 07:02:11 PM
Happy New Year one and all! May 2015 be prosperous for all of us.

I've taken the liberty of grouping people by location in case we can get the numbers for a meet-up at some point. Sorry if I missed anyone, and please any other lurkers holla at me and I'll add you to the post.

Thanks for taking on the organising =)

I'm another Wellingtonian.
Title: Re: New Zealand Mustachians
Post by: homehandymum on January 07, 2015, 07:59:57 PM
I'm in the 'South of Christchurch' group :)
Title: Re: New Zealand Mustachians
Post by: FOtheM on January 23, 2015, 07:59:39 PM
I am seem to be a little late to the party, but hopefully not too late. I have been lurking for a while but am not on facebook......is that going to be fatal?

Thanks RichERich for the run down on funds, it made more sense than a lot of what I have read elsewhere. I have some Smartshares but will also look at Superlife as I know I should diversify but when I start looking overseas I get overwhelmed by tax issues/brokerage costs/exchange rate concerns.

I have heard that Smartshares are going to do a property fund and an international share fund (they told me by the end of 2014, but I haven't heard anything further).

Oh, and I am in Auckland.
Title: Re: New Zealand Mustachians
Post by: Prim on February 03, 2015, 05:41:56 PM
Newly registered to the forums, but longish-term lurker.

I wanted to reply to Less some time ago, but never got around to registering.  Personally, I use YNAB.  Love it.  Your mileage may vary.  There is a free trial period, I have found it very easy to use.  And, available here :)  I am south of Chch, bank with ASB, ANZ and Bankdirect and don't have any trouble importing information from banks' feeds in to YNAB.  Of course, that is not what you're supposed to do, but sometimes it takes a while to get into the groove.  Here is a referral link if any of you are interested (I understand that if you utilise this link to purchase YNAB you pay a reduced price and I receive a small amount of money also; for which I would be very grateful) - http://ynab.refr.cc/LPDS44L  YNAB's online resources I think are wonderful.  I cannot speak highly enough of it.  I am not very present on FB so probably won't go the FB group way, but will certainly continue to lurk and contribute when/if able.
Title: Re: New Zealand Mustachians
Post by: gooki on February 17, 2015, 12:23:39 AM
I finally stumbled across this thread. I'm in Christchurch. I've requested to join the FB group, real name David. Hope to meet up some time.

RichERich's investment summary, pretty much sums up my feelings on investing in NZ.
Title: Re: New Zealand Mustachians
Post by: kiwigirls on February 22, 2015, 02:58:25 PM
Hey all,

I was going to start trying to do a better job of tracking my spending this year. I went on line to check out Mint since everyone raves about it, only to be disappointed as it is not available in NZ.

Does anyone else have a good suggestion for how to track spending? I used Xero personal at one stage but that has been cut. I use Track my spending in ASB banking at the moment but somehow that just gets me confused as i use a series of accounts to bucket my incoming , joint and personal outgoings, as well as my savings each month.
I have just started using free mobile app Moneywise.  I like the convenience of it being on my mobile and then I transfer the totals to my excel spreadsheet each month.
Title: Re: New Zealand Mustachians
Post by: kiwigirls on February 22, 2015, 03:13:23 PM
Hi I am in Chch too.  Been lurking for a while and only just started posting now.  Keen to discuss share investing in NZ as the focus in the media and with our friends/family is skewed toward property investment.  (And for good reason as historically the returns have been phenomenal in recent times so I don't really want to kick off a pty v share debate in this forum) RichERich summed the options for passive investors in NZ quite well.  IMO I think Superlife probably offers the best choice & cheapest MER plus no brokerage but they only take personal investors & not trusts or companies, so far as I could tell.    So for the past 2 years I have been investing in Vanguard & ishares on the ASX for our international shares and for my NZ portfolio I do sharepick (I have about 20 direct shares; mostly REITS & blue chip companies). 
Title: Re: New Zealand Mustachians
Post by: lise on February 22, 2015, 04:07:46 PM
Posting to follow.  I'm a kiwi living in the US but plan to retire back in NZ. 
Title: Re: New Zealand Mustachians
Post by: Autodidact on February 23, 2015, 06:52:01 PM
Another Christchurch person here. New Brighton by the sea!

Title: Re: New Zealand Mustachians
Post by: Boganvillia on February 24, 2015, 01:05:17 AM
Also Iíve jotted down a few thoughts on investing in the sharemarket in New Zealand.

Thanks so much for this summary, RichERich!
Title: Re: New Zealand Mustachians
Post by: NZAlbion on February 24, 2015, 10:04:46 PM
Hello!

I discovered MMM last November - it was love at first sight - and I'm busily trying to catch up on all the posts.

Thanks for the info on the state of NZ investing - it's disappointing to realise that the Vanguard Index Funds MMM loves aren't available for the same low fees here. I've had my savings sitting in a bank account for years and now realise there are better ways to put it to work. Looking forward to researching more and trying out investing this year. By the way, has anyone joined Harmoney? At 1.25% service fee, it seems steep compared to the investing fees mentioned by MMM in the US.. I am tempted to try it out though.

I'd love to join the meet-up group - I'm in Auckland (N. Shore). Please add me to your list!
Title: Re: New Zealand Mustachians
Post by: kiwigirls on February 25, 2015, 02:16:53 AM
Hello!

I discovered MMM last November - it was love at first sight - and I'm busily trying to catch up on all the posts.

Thanks for the info on the state of NZ investing - it's disappointing to realise that the Vanguard Index Funds MMM loves aren't available for the same low fees here. I've had my savings sitting in a bank account for years and now realise there are better ways to put it to work. Looking forward to researching more and trying out investing this year. By the way, has anyone joined Harmoney? At 1.25% service fee, it seems steep compared to the investing fees mentioned by MMM in the US.. I am tempted to try it out though.

I'd love to join the meet-up group - I'm in Auckland (N. Shore). Please add me to your list!

I too was interested in Harmoney having read the glowing reviews of peer to peer lending by MMM.  Its not risk free (as you will be aware) & NZ Herald article shows another side  http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=11336735.  But so long as its your risky money ie 5% or less of your portfolio it may be interesting & give you good returns.  I would be interested in your feedback if you do invest!
Title: Re: New Zealand Mustachians
Post by: NZAlbion on February 25, 2015, 08:43:59 PM
Hi Kiwigirls,

Thanks for the link, all I had managed to find so far were articles that sounded suspiciously like "advertorials".

I don't have *any* portfolio yet besides savings in the bank - so, I may put a tiny amount into Harmoney to see how it plays out but try out stock options too. I'll let you know how it goes!
Title: Re: New Zealand Mustachians
Post by: timdotz on March 02, 2015, 05:12:47 PM
Yo people,

Been a lurker for the past few years.
Currently restricting expenses and researching further options beyond smartshares for some international exposure.

Currently living and working in central Auckland.
Title: Re: New Zealand Mustachians
Post by: lauranz on March 06, 2015, 10:18:41 AM
Hi all,
Living in Auckland (Ellerslie area), recently married and currently renting.
Been reading and lurking for a while but keen to get involved.
Interested to hear your thoughts on first home buyers in Auckland at the moment (vs. continuing to rent and investing the difference?)
Laura
Title: Re: New Zealand Mustachians
Post by: kiwigirls on March 06, 2015, 10:43:28 AM
Hi all,
Living in Auckland (Ellerslie area), recently married and currently renting.
Been reading and lurking for a while but keen to get involved.
Interested to hear your thoughts on first home buyers in Auckland at the moment (vs. continuing to rent and investing the difference?)
Laura
Hi Laura, On the numbers it usually makes sense to rent somewhere and invest the difference.  Buying a house is an emotional decision.  It is somewhere to live with your husband, decorate the way you want and to raise your family.  Most NZers aspire to doing that & given how expensive property is in Auckland if that is what you want to do you will have to save hard for a couple of years to get your deposit together.  Either way your first step should be to ensure that both of you contributing the minimum 3% to Kiwisaver to get the free money each year from the government.  If it is a house you want in the next 7-10 years then save hard into a high interest savings account - Rabodirect or one of the major banks at around 4.30%pa until you have a 20% deposit.  If you really don't think you will buy a house in the next 7-10 years then check out the investment accounts offered by Superlife - lots of index funds with cheaper fees or investing directly on the ASX by using an online broker - ANZ or ASB.
Title: Re: New Zealand Mustachians
Post by: jaya_gibson on March 25, 2015, 07:34:03 PM
Hi I am from Christchurch and have been following this blog for a month or so.

Keen to go to a meetup in the South Island if it happens

Hi I am a recent lurker as well, first time poster :)
I'm also in NZ but South Island... looks like the few of us here are a bit spread out, so a meet up might be difficult (that's the thing about living in NZ i suppose) - so maybe we could have an online community where we ask each other for advice, share stories etc for things that are specific to NZ.  Thoughts?

Title: Re: New Zealand Mustachians
Post by: Kaypea on March 26, 2015, 09:26:12 PM
Hi - just found this post today and it's made me come out of lurkdom to hang out with fellow Kiwis. I'm near Chch and have been following the MMM blog and the forums for a while. Prob not as moustachian as we could be but in mid 40s and very nearly paid off mortgage on a 600+K house so going OK. Thinking about where to put $$ after that so this is a good place to learn. Will check out the facebook page now.
Title: Re: New Zealand Mustachians
Post by: MsKiwiStache on March 30, 2015, 01:43:44 AM
Hi Kiwi Mustachians

I'm another first-time poster, longtime MMM fan. I'm based in Wellington. 

Just finished working in the cube farm so I am now "in between roles" and reaping the benefits of a having good redundancy package, no debt and a decent stash started.  Still about 7 years from FIRE, so will be heading back to work sometime in the not too distant future (I hope).  Many thanks to all those of you who have posted on NZ utilities/food expenses (great to compare) and NZ investment. 

Title: Re: New Zealand Mustachians
Post by: happylife on April 10, 2015, 04:00:03 AM

I'm in Wellington and would definitely be keen for a catch up.

Before last year I'd never heard of such a thing as "early retirement" and now I think about it ALL the time!

What a great way to live. 
Title: Re: New Zealand Mustachians
Post by: leftoverham on April 11, 2015, 11:33:01 PM
Yo people,

Been a lurker for the past few years.
Currently restricting expenses and researching further options beyond smartshares for some international exposure.

Currently living and working in central Auckland.

Yo Tim,

From New Zealand you'll only have a few options at the moment for passive/index funds outside of SuperLife (which is now owned by NZX) unless you're game to invest in Vanguard ETFs on the ASX.

I currently use SuperLife for my overseas exposure using their "my mix" function. You can select the asset allocation to whatever you'd like (I'm currently 80% shares 20% bonds).

The fees are 0.36 p.a for the Overseas shares (currency hedged) fund plus you pay $33 per year for the account. (see fees here http://www.superlife.co.nz/fees.html).

The overseas exposure tracks the MSCI ex Aust index so you get pretty good diversification.

Hope this helps!

Title: Re: New Zealand Mustachians
Post by: NZSurfer on April 12, 2015, 03:57:45 PM
Hi all. I've just joined up. Great to find some fellow kiwi's here. I see this topic has been read over 3000 times, but there still aren't a lot of us here. Maybe the rest of the world just likes seeing what we are up to down here!

I stubbled across the MMM site via a link through an article on either the Interest or Nz Herald website a few weeks back. Since then I've been reading through the blog from the beginning and am just over half way through.

A lot of what I read agrees nicely with how I live. Especially the saving/investment/exercise side of things. I've saved a bit of coin already from what I've read and through comparing my spending to the MM family I been able to see much more clearly where my spending has been going. I've always been pretty tight, so it's not too bad, but maybe no more surfboards and wetsuits for awhile!

I was lucky enough to purchase property in central Wellington in the early 2000's whilst working and studying full time. I'm in my mid-thirties now and that has set me up pretty well through life thus far. I also have an online e-commerce business which I work at from home, which is a lifestyle block in Tauranga.

I've always been interested in investing and have tried various options and forex trading in the past. Currently though I'm trying to pay down the home mortgage, and build up some portfolio capital through a managed fund via a financial advisor friend in Australia. I have a couple of small stock positions in the USA market and enjoy that, but the currency volatility puts me off from putting any serious money in there currently.

Sorry for the life story. In short would be keen to met and get to know others also if something gets setup and will join the Facebook group.
Title: Re: New Zealand Mustachians
Post by: leftoverham on April 17, 2015, 01:30:12 PM
 Holy shit! check out the first sentence of this personal finance article -

http://m.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=11434500

"Surviving on super is a tall order. It's often hardest for those who earned a decent salary in their working lives, but for whatever reason have no savings"

No way! Haha
Title: Re: New Zealand Mustachians
Post by: Less on April 19, 2015, 04:54:24 PM
I am fully expecting that there will be no super payment that I will be entitled to by the time I reach retirement. Or taxes are going to have to take a sharp increase during the next decade to start generating enough capital to fund it.

It will take a lot of luck for even kiwisaver to still be standing in another 10 election cycles.

Title: Re: New Zealand Mustachians
Post by: TygerTung on May 01, 2015, 05:13:59 AM
I am Sam, I live in Christchurch with my wife.

We are both 30 and the house will be paid off next year.
In order to reduce the term we bumped up the mortgage repayments to $2340 a fortnight so we just live off part of my wife's income.

Because we are able to cut costs we are still able to live a pretty lavish lifestyle. Riding a bicycle helps heaps as well as brewing beer at home.

I'm wanting to get into investing but not sure what is best. I'm thinking of putting $500-1000 into harmoney as it is not a great deal of money to risk. Could be a good experiment.

Cheers,

Sam

PS. please add me to that list, I don't have a face-book however.
Title: Re: New Zealand Mustachians
Post by: Kiwi Mustache on May 12, 2015, 08:41:35 PM
I'm 26, based in Auckland.

Love these forums!
Title: Re: New Zealand Mustachians
Post by: RichERich on May 13, 2015, 08:12:16 PM
Hey dudes and dudettes here's an updated list of members...starting to get some numbers, any more lurkers keen to say hi?
Also the Facebook group is going great guns for those who aren't on it yet :)

Auckland

RichERich
DaveG
KiwiMust
Less
Boganvillia
FOtheM
NZAlbion
timdotz
lauranz
NZSurfer (Tauranga)
Kiwi Mustache

North of Auckland
Less is More
kiwibeach

Christchurch/south
thelorax
StrawberryKiwi75
homehandymum
gooki
kiwigirls
Autodidact
jaya_gibson
Kaypea
TygerTung

New Plymouth
nz

Manawatu
RovingKiwi

Wellington
KiwiSonya
Annamal
MsKiwiStache
happylife
Title: Re: New Zealand Mustachians
Post by: NZSurfer on May 13, 2015, 09:07:59 PM
There is a good 50+ people in the Facebook community group also that is pretty active; https://www.facebook.com/groups/1574186292811363/
Title: another in Christchurch
Post by: bigblen2 on May 20, 2015, 03:48:16 PM
Hi all,

Good to see some kiwis...

I'm in South Christchurch.  Followed MMM from close to the beginning and have myself been "voluntarily unemployed" Mustachian for the last 3 years or so.

I see some people on  the Mustache Map http://forum.mrmoneymustache.com/meetups-and-social-events/mustache-map!/

--
Eliot

(BTW I'm not (and won't be) on facebook)
Title: Re: New Zealand Mustachians
Post by: Moomingirl on May 20, 2015, 05:02:27 PM
Hi everyone,

I'm a big MMM fan but have been busy with other things for the last year or so but I'm back now. I've been retired for the last year, and although a lot of that is due to following Mustachian principles, I have to admit that my husband still working helps a lot too.

I'm in the Pukekohe area, so you can put me down for the Auckland group. I've also requested to join the FB group.
Title: Re: New Zealand Mustachians
Post by: Kiwi Mustache on May 21, 2015, 06:33:32 PM
There is a good 50+ people in the Facebook community group also that is pretty active; https://www.facebook.com/groups/1574186292811363/

I just requested access to the group. If you could accept it that would be great.

I'm Elliot.
Title: Re: New Zealand Mustachians
Post by: Hudson on May 22, 2015, 01:59:35 AM
and another Wellingtonian here.
Title: Re: New Zealand Mustachians
Post by: Maddie on May 22, 2015, 04:44:55 AM
Just spotted this group.  I discovered ERE in early 2010, then MMM when ERE "passed the torch" to him.  Would be great to meet other kiwi mustachians.  My husband and I are in Auckland.  No Facebook.  So when/where are we meeting?

We also invest in Smart Shares, and for bonds - Fisher Funds.  Although not low cost index funds, we also have money in Mike Taylor's PIE funds - worked out well for us so far.  Have also been thinking about peer to peer lending but haven't done anything about it yet.

So cool to see other kiwi mustachians - we see so many "car clowns" around where we live, it sometimes makes us feel like we are the only ones (mustachians that is, not car clowns) :D.
Title: Re: New Zealand Mustachians
Post by: appleblossom on June 07, 2015, 01:32:01 AM
Hi
I've been lurking for about a year. I'm in Wellington, and have been working on being more frugal as I'm house hunting.
Might try the facebook page too.
Sarah
Title: Re: New Zealand Mustachians
Post by: taurangaandy on June 14, 2015, 01:23:16 AM
Hello, brand new to the forum and living here in Tauranga. Only been reading MMM for a couple of months but I've got to say it's a gamechanger! I'm busy implementing changes and analysing virtually everything. It all really makes sense to me and I just wish I'd discovered the site (and all the knowledge) a lot sooner. I've just joined the FB group, well it's pending at the moment, and hope to meet up with others if any events get organised. Cheers Andy
Title: Re: New Zealand Mustachians
Post by: KiwiSonya on June 14, 2015, 04:26:04 PM
Hi, great to see so many kiwi Mustachians out there. I'm happy to host another Wellington gathering if folks are keen. I'm in Brooklyn.  Sonya
Title: Re: New Zealand Mustachians
Post by: GoldPanPete on September 06, 2015, 07:23:05 PM
I'm new to MMM and am loving it so far. I've just stumbled across this post, so I thought I'd chime in. I'm down near Queenstown.
Title: Re: New Zealand Mustachians
Post by: stc8 on September 11, 2015, 02:43:34 PM
Hi all,

My wife and I are keen mustachians, living in central Auckland area. Have been reading the blog for some time, but thought it was time to unlurk. Nice to see so many kiwis on the board!

Title: Re: New Zealand Mustachians
Post by: Annamal on September 13, 2015, 04:26:49 PM
Hi, great to see so many kiwi Mustachians out there. I'm happy to host another Wellington gathering if folks are keen. I'm in Brooklyn.  Sonya

Hi fellow Brooklynite (we're just up on the Wind Turbine side).

I love the Brooklyn/Highbury/Aro valley area and am super impressed by the new walking/mountain biking trails going in.
Title: Re: New Zealand Mustachians
Post by: KiwiSonya on September 14, 2015, 02:57:49 AM
Hi, great to see so many kiwi Mustachians out there. I'm happy to host another Wellington gathering if folks are keen. I'm in Brooklyn.  Sonya

Hi fellow Brooklynite (we're just up on the Wind Turbine side).

I love the Brooklyn/Highbury/Aro valley area and am super impressed by the new walking/mountain biking trails going in.

Hi Annamal, nice to see you live so close. I'm in Reuben Ave. I need to rally the troops for a Wellington meet up. Are you on the Kiwi Mustachians Facebook page? Sonya
Title: Re: New Zealand Mustachians
Post by: Retiredkiwi on October 11, 2015, 01:52:34 AM
Hi, I am in Marlborough.  Retired from paid employment at 40 (5 years ago) and now spend my days actively managing my share portfolio and working a few hours a week at a winery for fun (nd to get off the computer and out of the house).  I get down to Chch now and then, as we have an online share trading group catch up now and then - anyone interested in shares (not funds or ETFs) should come along (join sharetrader.co.nz).
Anyone thinking of retiring early should check out Marlborough - the houses here are cheap as chips, and the weather is pretty awesome :-)
Title: Re: New Zealand Mustachians
Post by: res on October 11, 2015, 06:51:11 AM
Hi all

Im Kiwi doing a set term stint overseas,counting the months until returning,when lives in Wellington when home.

Very happy to see a kiwi farce book group and have just asked to join-my real name is Rex
Title: Re: New Zealand Mustachians
Post by: tardis on October 11, 2015, 07:50:58 AM
I'm not a Kiwi (Canadian), but I will be in NZ for a year or so on a working holiday come mid November.  :)  I'd love to meet some MMMers while I'm there.
Title: Re: New Zealand Mustachians
Post by: burrowsrw on October 30, 2015, 04:06:35 PM
Kiwi here, north of Auckland. already joined the facebook group :)
Title: Re: New Zealand Mustachians
Post by: andyp2010 on October 30, 2015, 04:12:56 PM
Another one for Chch. Linwood ghetto 4 life.

Happy to help anyone get into property or business in general.


Andy
Title: Re: New Zealand Mustachians
Post by: Less on November 12, 2015, 05:08:47 PM
Kiwi-stachians,

I was hoping someone might be able to fill me in on the most cost effective way to do house insurance. Anyone able to recommend someone? Know the right questions to ask? Know how to decide how much cover you actually need?

I am totally new to this so trying to fill in some blanks.
Title: Re: New Zealand Mustachians
Post by: andyp2010 on November 13, 2015, 05:53:08 AM
Pretty much pay up front for the year and have the highest excess, if youre not in chch, shop around and make sure theyve got your house details right
Title: Re: New Zealand Mustachians
Post by: marcustachian on November 14, 2015, 12:10:56 PM
Hey Kiwi 'stashers,
My brother introduced me to the blog about a month ago and I have since devoured all the words everywhere.
I have very recently set up an ASB trading account, a Harmoney p2p lending account, and have an application in for and ASB Kiwisaver account.
I've joined the facebook group too - real name Marcus.
I would love some advice on what sort of percentages to put in to each of the investments.
I am self employed, so was considering just putting the minimum in Kiwisaver each year to get the government matching. Was thinking 10% of total investment in to Harmoney and then try to find a range of smartshare indexes for the rest?
Any suggestions are much appreciated.
Cheers
Title: Re: New Zealand Mustachians
Post by: spotila on December 07, 2015, 07:13:11 PM
Long time lurker and reader, first time poster. Based in Hawke's Bay.

Have also requested access to the FB group :)
Title: Re: New Zealand Mustachians
Post by: kiwigirls on December 13, 2015, 02:23:26 PM
Hey Kiwi 'stashers,
My brother introduced me to the blog about a month ago and I have since devoured all the words everywhere.
I have very recently set up an ASB trading account, a Harmoney p2p lending account, and have an application in for and ASB Kiwisaver account.
I've joined the facebook group too - real name Marcus.
I would love some advice on what sort of percentages to put in to each of the investments.
I am self employed, so was considering just putting the minimum in Kiwisaver each year to get the government matching. Was thinking 10% of total investment in to Harmoney and then try to find a range of smartshare indexes for the rest?
Any suggestions are much appreciated.
Cheers

Sounds like you have a pretty good strategy. Definitely only put the minimum into the Kiwisaver account ($100 per month for ASB I think) so you get the contribution each year.  As to what you are doing with the rest of your surplus; you don't say if you are debt free?  If you still have a mortgage then you should seriously consider paying that off in full before you invest elsewhere.  If you are mortgage free then 10% Harmoney and 80% Smartshares is a reasonable mix (albeit higher risk).  I suggest you think about how much you are prepared to lose and only put that amount into Harmoney ... It is higher risk than investing in the share market and there is a real risk of not getting your money back.  That said the returns could be good, you might enjoy the fun of supporting other peoples hopes & dreams.  Good luck. I am interested to hear how you get on with Harmoney.
Title: Re: New Zealand Mustachians
Post by: SteveE182 on December 20, 2015, 03:21:01 AM
Hello everyone - first post after discovering the MMM blog about a month ago.

Reason for the post - don't live in New Zealand yet, but planning to emigrate from the UK in 2017. I backpacked for six months around NZ in 2011 with my wife, we absolutely loved it. My wife already has NZ citizenship through her mum, so I just need to go through the visa process next year.

Would be keen to chat to fellow MMMers about life in NZ - particularly jobs, places to live, passive investing, places to buy a house etc - please feel free to PM me if you'd be happy to help.
Title: Re: New Zealand Mustachians
Post by: Camsronsharpe on January 25, 2016, 11:58:59 PM
Hi,  did you guys end up meeting up? Happy NY 2016.

I am based in central/east Akl and enjoying biking as many places as possible.  Excellent hobby. Hardest challenge was recently returning a water blaster across town and up college Hill.  Hard but got there and all good fun.

Btw love that new pink cycle way in town!
Title: Re: New Zealand Mustachians
Post by: sshontour on March 09, 2016, 12:50:09 AM
Hi everyone,

First post ever here!

I've been a MMM follower for a couple of years now.  I live near Napier, which is a small part of our nice small country.

I'm a late convert, pushing 40 and used to live a life of excess and waste, but better late than never to the cause...still looking forward to FI earlier than most, hopefully and I'm enjoying the thought of consuming less and being happier with what I have.

I'd be keen to hear what people think of our options in NZ, with index funds, smartshares/superlife etc and just a good chat.

I've applied to the FB group (is it still active?), real name Sarah.
Title: Re: New Zealand Mustachians
Post by: MeneerEnMevrouw on March 09, 2016, 06:11:57 AM
We're planning a 6 week holiday to NZ next year. Somebody happy to help us with some Mustachian travel tips for NZ? Don't want to steal your topic, so pm is appreciated ;)
Title: Re: New Zealand Mustachians
Post by: tj on March 13, 2016, 12:11:46 PM
I'm considering doing a working holiday in NZ next year.  I've been to New Zealand before, but only for about 3 weeks on a tour. Torn between Wellington and Queenstown.

If I forego the hostel route, does anyone have any tips for apartment rentals, finding roommates, etc?
Title: Re: New Zealand Mustachians
Post by: tardis on March 13, 2016, 12:16:29 PM
tj:  I'm currently in NZ on working holiday.  Feel free to PM me with questions.  Check out TradeMe under flatmates wanted- it's like eBay and Craigslist rolled into one.
Title: Re: New Zealand Mustachians
Post by: gswift on April 04, 2016, 08:42:29 PM
hello everyone

i am also in christchurch and new to this forum.

have applied to fb group.

looking forward to learning more through this forum:)

glen
Title: Re: New Zealand Mustachians
Post by: Ross on April 29, 2016, 04:09:46 PM
Hi everyone,

I'm Ross, based in Wellington.  I'd be keen for a meet up at some stage.

I've just been reading up on SmartShares http://smartshares.co.nz/ (http://smartshares.co.nz/), they are an NZX member and have a few funds that are in Vanguard.

Incidentally, who do NZ people use for share trading?  Marcustachian mentioned ASB Securities, any others?  Any standouts?

Ross



Title: Re: New Zealand Mustachians
Post by: kiwigirls on April 29, 2016, 07:05:29 PM
Hi Ross

Welcome to the forums. The main two trading platforms are anzsecurities.co.nz & asb.co.nz.  Both charge about the same approx $30 per trade.   I use anz securities and the service is fine. Direct trading works well if you are going to invest in reasonable large amounts and if you want to keep more control & and are prepared to do your own paperwork/tax. 

Also check out superlife.co.nz. They offer a lot of index funds at a reasonably low cost (by NZ standards) and are the provider who Mary Holm uses (check her out maryholm.co.nz if you haven't read her before).  They do non Kiwifund versions of their funds and its easy to invest in small regular amounts.

Smartshares are a good option especially now they have some vanguard funds. The MER is higher but again you can invest regularly through them and avoid paying brokerage. They will also take care of the tax side of things for you which makes life easier.


Title: Re: New Zealand Mustachians
Post by: Gabrielle80 on July 06, 2016, 10:28:30 PM
Just found MMM a month or so ago and felt like I found my spiritual home. Demolished all the blog posts (obsessively sending them to by husband to read too) and started on the forums and - yay - found this group of fellow kiwis.

I'm Gabby, 36, live in Auckland with my husband and small daughter. We own a couple of properties up here and have benefited (on paper anyway) from the ridiculous property boom in Auckland. We're about to move to Wellington so we're tossing up - do we sell both and be mortgage free in Wellington, then start some serious investing and saving in order to become financially Independant ASAP, or do we keep one/both and have a mortgage on our Wellington home.

Our only saving as been through aggressive principle payments on our mortgage, an employee super scheme, and kiwi saver,  so we're thinking about other investing options once our mortgage is paid off. We're pretty frugal (not quite as much as we want to be as we have an unfortunate travel addiction) but we believe passionately in lessening our impact on the environment and we're trying to not embrace the consumerist culture we see so many of our friends taking up, even if we both do enjoy the good things in life.

I'm super excited to see a bunch of kiwis here. I've joined the FB group - hope it's still active?
Title: Re: New Zealand Mustachians
Post by: stc8 on July 08, 2016, 03:22:55 PM
Welcome Gabby! The facebook page is quite active, so you will see some good discussions there if you go back through the posts.

Sounds like you're in a really good place re housing equity, and the chance to be mortgage free asap!

One thing I would consider is diversification away from the risky Auckland market. Auckland is booming at the moment, but it looks awefully bubbly, which means that there is a reasonable chance prices will drop sharply in the next 2-5 years. Although no one can predict the future (maybe prices will double again in Auckland before prices fall?!), I would be thinking about selling at least one of the Auckland properties and using the money for a mortgage free Wellington property and/or diversifying my risk by buying share and bond index funds (through a low-cost, passive investment company such as SuperLife).

If you haven't come across Mary Holm's weekly NZ Herald column, give that a read - she has a general audience, but talks a lot about sensible investing and budgeting in NZ.
Title: Re: New Zealand Mustachians
Post by: darknight on September 15, 2016, 12:12:30 PM
Greetings!
It's awesome to see so many people part of the forums located in NZ.
I lived there for roughly 18 months on a study abroad exchange program back in 2008 and have been itching to get back. I'm from the U.S., and I'm planning to spend some time in January on the North Island. I'm looking to spend roughly 2 weeks there and would love any ideas for not breaking the bank for a place to stay/rental car. It would be my wife and I, a 7mo. old and 3 year old. I know most people don't travel with young kids, but most people don't live a mustachian lifestyle. We're a different breed. I'm looking into hostel/VRBO etc, even a 1 bedroom is fine, we are fairly adaptable and don't expect much! If any of you could keep an eye out for me it would be greatly appreciated! Thank you in advance!
Title: Re: New Zealand Mustachians
Post by: gooki on September 15, 2016, 01:37:51 PM
Omega rental cars, good service, good price, free car seats for kids/baby, and they'll pick you up from the airport. Insurance is free but has a high excess, if you have travel insurance you may be covered for the rental car excess already.

Looks like you'll be travelling in peak holiday time, but try airbnb, or book a batch, or NZ holiday homes. Coopers Beach, and Matapouri are my favourite place to go with little kids. Many private camp sites have cabins, the Top 10 holiday parks are well worth a look, we absolutely loved our stay at the one in Taupo (clean/tidy with free bbqs, swimming pool, playground).
Title: Re: New Zealand Mustachians
Post by: ibatatas on November 05, 2016, 10:12:54 PM
Hi folks,

Anyone up for a mustachian meet up in Auckland this month (November) some weekday evening?
If so, here is a poll to pick a datetime: https://dudle.inf.tu-dresden.de/Auckland_Mustache_Meet_Up/ .
Venue to be determined, but i'm thinking someplace central.
Title: Re: New Zealand Mustachians
Post by: darknight on November 17, 2016, 04:20:54 PM
Thanks, I'll check out Omega for sure!!
It looks like the kids are staying with my parents, it's just going to be the wife and I in Auckland. I wish I could come in the fall season, but I've got a teaching contract that starts in Feb (overseas).
Title: Re: New Zealand Mustachians
Post by: The Blunderbuss on December 30, 2016, 01:24:05 AM
Hi all

I've been reading my way through the blog posts over the last couple of months, I finally managed to catch up (partly due to spending too much of the Christmas break sitting on the couch reading it, which I realise doesn't really align with the basic message of the blog!).

I'm in Auckland, and really interested to hear how other Kiwi's are living the mustarian lifestyle.
Title: Re: New Zealand Mustachians
Post by: appleblossom on January 14, 2017, 02:43:42 AM
Anyone else have experience of Dunedin?

http://forum.mrmoneymustache.com/ask-a-mustachian/talk-to-me-about-dunedin-nz/

Title: Re: New Zealand Mustachians
Post by: FiveSigmas on January 14, 2017, 11:07:11 AM
Hi folks. I'm from the states but expect to be visiting the Auckland area near the end of March. Are there any meetups planned around then? It would be nice to meet some people while I'm out.

On a related note: I hear that Auckland has been investing in new bike lanes. Are there any good/cheap bike hire places anyone can recommend?
Title: Re: New Zealand Mustachians
Post by: appleblossom on January 14, 2017, 11:32:33 PM
Hi folks. I'm from the states but expect to be visiting the Auckland area near the end of March. Are there any meetups planned around then? It would be nice to meet some people while I'm out.

On a related note: I hear that Auckland has been investing in new bike lanes. Are there any good/cheap bike hire places anyone can recommend?

There is a Kiwi Mustachians facebook group which has quite a few Aucklanders, and there are occasional meetups arranged there. I'm not from Auckland so I can't help sorry.
Title: Re: New Zealand Mustachians
Post by: FiveSigmas on January 19, 2017, 10:42:02 PM
Thanks AB! I'm not on Facebook, but if any northern kiwis hear rumors of a meetup during late March/early April I'd love a heads up.
Title: Re: New Zealand Mustachians
Post by: arebelspy on February 14, 2017, 05:25:02 PM
We're going to be in Christchurch next week, and Auckland about two weeks after that, if anyone is able to meet up.  :)
Title: Re: New Zealand Mustachians
Post by: gooki on February 17, 2017, 12:42:42 AM
Christchurch meet up is on.

Saturday 25th February, 2:00 pm.

Location: Botanic Gardens, Archery Lawn.

Pot luck afternoon tea.

If it's raining I'll grab a table for us at The Villas Coffee House (290 Montreal Street).


See you there.

David.
Title: Re: New Zealand Mustachians
Post by: Joexrunner on February 18, 2017, 12:00:00 AM
Hi All.  I'm in Lower North Island and new to this site after listening to MMM on Tim Ferris podcast.  Immediately resonates with me.  I made a move for lifestyle some years ago for personal reasons.  Whilst I now have twice as much income I used to be able to live on a lot less so my goal for 2017 is to save 50% of my income.  Going pretty well so far.  I totally get the commute issue and have been lucky enough to have a job I could do from anywhere.  Sometimes you make the move and good things follow...Anyway I would be keen to meet up with like minded kiwis.
Title: Re: New Zealand Mustachians
Post by: gooki on February 24, 2017, 02:45:26 PM
Meet at the red and white dot. See you all today.
Title: Re: New Zealand Mustachians
Post by: arebelspy on February 24, 2017, 02:51:40 PM
Weather looks good--upper 70s (or..whatever. 20 something?), no rain.

See you in a bit!  :)
Title: Re: New Zealand Mustachians
Post by: zorwarrior on April 12, 2017, 08:31:31 PM
Hi fellow Mustached Kiwis,
   Great to see some local support on this forum. I came to NZ in my almost 30 years ago and remember observing that finance planning was a 'four letter' generally in Kiwi society. I still see it today in my dealings with people earning from the average wage right up to $400k +

I think as a society we have definitely started on the road understanding the importance of financial planning, especially since Kiwisaver started but we have a long long way to go. Consumerism and debt-driven spending is still rife.

So its great to see a some Kiwis here. Is there much recent activity on this? I see mainly older posts.
Title: Re: New Zealand Mustachians
Post by: the lorax on April 13, 2017, 04:00:29 PM
Welcome,  there's a bit more  activity on the kiwi mustachIan Facebook group
Title: Re: New Zealand Mustachians
Post by: zorwarrior on April 17, 2017, 09:24:12 PM
Ok thanks. I will jump on the facebook page
Title: Re: New Zealand Mustachians
Post by: ibatatas on May 19, 2017, 09:23:11 PM
Hi folks,

A fan of open-source tools and not one of Facebook, i've started a Loomio group** dedicated to Mustaching in Auckland. 
I invite all Aucklanders here to check it out and join at https://www.loomio.org/g/wp2i7rR0/mustaching-in-auckland. 
We can use the group to discuss topics and organize meetups in the city.

** = Loomio is made in Wellington
Title: Re: New Zealand Mustachians
Post by: andrewenz on June 08, 2017, 02:19:50 AM
A group of from the Kiwi Mustachians Facebook group have created a communal forum to share kiwi mustachian tips. It may be of interest:  www.firekiwi.co.nz (http://www.firekiwi.co.nz)
Title: Re: New Zealand Mustachians
Post by: FrugalityAndFreedom on September 27, 2019, 03:20:34 AM
Auckland meetup of Mustachians and FIRE fans.

10 Nov 2019, 2pm, venue TBC.

https://www.facebook.com/events/1197591217109000/

I'm hosting! Look for the moustache sign.
Title: Re: New Zealand Mustachians
Post by: FIRE 20/20 on September 27, 2019, 03:19:58 PM
New Zealand Mustachians - hello!  My girlfriend and I are planning to take our second trip to your beautiful country.  We were only able to spend 2 weeks there back in March 2017 because we had to return to work, but now that we're FIREd we want to take a more relaxed visit to see some things that we missed the first time around. 
Is there a forum where we could get some tips?  I don't want to hijack this thread, so I could open a new one in the "Ask A Mustachain" forum but if there's a better place to post please let me know.   I tried the http://www.firekiwi.co.nz link that @andrewenz posted but it looks like it's down.  We hope to spend a minimum of one month there, but if things work out well we might be coming down for up to 6 months.  I am aware of the Visa requirements, but would like to chat with some people who know the area better than we do as we plan our visit. 

Thanks!
Title: Re: New Zealand Mustachians
Post by: kiwigirls on October 02, 2019, 09:25:22 AM
Happy to give you travel tips either in this forum or in Ask a Mustachian.  Probably best to start a new thread if its likely to have a few posts.
Title: Re: New Zealand Mustachians
Post by: FIRE 20/20 on October 13, 2019, 11:40:22 AM
Thanks @kiwigirls !  I posted a new thread in the Ask a Mustacian forum:
https://forum.mrmoneymustache.com/ask-a-mustachian/new-zealand-travel-recommendations/

Title: Re: New Zealand Mustachians
Post by: FrugalityAndFreedom on October 14, 2019, 02:13:50 AM
Planning a Wellington meetup for 23 or 28 Oct 2019.

Keep your eyes peeled on the Kiwi Mustachians Facebook group! https://www.facebook.com/groups/1574186292811363/
Title: Re: New Zealand Mustachians
Post by: JMS on November 09, 2019, 11:35:01 AM
Hi all, glad to see there is a bit of a MMM NZ community. 

I'm looking for an online budgeting tool - hopefully one that can have direct banking feeds from NZ based (AU owned banks).   Can anyone recommend anything?

Thanks
Title: Re: New Zealand Mustachians
Post by: bayareasaver on December 13, 2019, 02:08:38 AM
Kia ora, just wanted to put my name out there to say I'd be interested in the next Wellington meetup. I'm not on Facebook so hopefully someone will post the date here. Also I've just become a resident so I'm now eligible for kiwisaver... is there any reason I shouldn't do it? What funds do people put into?
I believe my employer matches 3%, is that correct (I believe that's the government mandated amount)?
Thanks!
Title: Re: New Zealand Mustachians
Post by: Goanywhere on December 13, 2019, 01:03:38 PM
Kia ora, just wanted to put my name out there to say I'd be interested in the next Wellington meetup. I'm not on Facebook so hopefully someone will post the date here. Also I've just become a resident so I'm now eligible for kiwisaver... is there any reason I shouldn't do it? What funds do people put into?
I believe my employer matches 3%, is that correct (I believe that's the government mandated amount)?
Thanks!

No reason not to jump on KS.  You are correct, your employer has to match your 3% contribution and as long is you contribute circa $1k per annum the govt provides a member tax credit of $500. 

The lowest cost KS is Simplicity
Title: Re: New Zealand Mustachians
Post by: bayareasaver on December 13, 2019, 02:43:16 PM
Thank you so much @Goanywhere, this is super helpful! I'll be sure to notify HR now so I can get on after the holiday break!
Title: Re: New Zealand Mustachians
Post by: Goanywhere on December 15, 2019, 03:49:53 PM
Thank you so much @Goanywhere, this is super helpful! I'll be sure to notify HR now so I can get on after the holiday break!

The only downside about KS is only being able to access your money when you turn 65 (except in exceptional other circumstances such has buying a first home / financial hardship etc.)