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Buy your tech stuff now? (10 Aug, 2018)

PostPosted: Fri Aug 10, 2018 8:56 am
by aardvark_admin
This column is archived at: https://aardvark.co.nz/daily/2018/0810.shtml

The Kiwi dollar looks set to continue losing value over the next 18 months or so and that means higher prices for imported goods such as fuel and tech-gear. So is now the best time to buy?

And are we seeing the nation teeter at the edge of an economic precipice -- trying to balance interest rates against inflation without bringing an economy which is so highly vested in property, to its knees?

Are readers concerned and if so, what steps are you taking to help mitigate what could be a bumpy few years ahead?

Re: Buy your tech stuff now? (10 Aug, 2018)

PostPosted: Fri Aug 10, 2018 10:43 am
by namartinnz
I don't think we'll ever have a crystal ball on the economy, but for myself speeding up mortgage debt reduction is a priority. At some stage rates will rise. And I just got in my cheap Ali Express soldering station and ESR meter so I'm all good for electronics...

Buy your what stuff now?

PostPosted: Fri Aug 10, 2018 5:56 pm
by Perry
aardvark_admin wrote:And are we seeing the nation teeter at the edge of an economic precipice -- trying to balance interest rates against inflation without bringing an economy which is so highly vested in property, to its knees?

Like a few others, I know you have a 'thing' about property investment Bruce, but have you or any of the other anti-LL folks ever resolved why so many "ma and pa" investors choose property over any- and most everything else?

Re: Buy your tech stuff now? (10 Aug, 2018)

PostPosted: Fri Aug 10, 2018 6:56 pm
by aardvark_admin
Probably because the levels of corporate management in NZ are so bad that people are put off taking a "risk" with stocks and shares. Also, we have a tax system that is so biased towards making capital gains on property that people would be silly not to take advantage of that.

Of course we (the nation) pay for that with declining productivity (per capita) and increased borrowing.

Re: Buy your tech stuff now? (10 Aug, 2018)

PostPosted: Fri Aug 10, 2018 7:12 pm
by phill
you dont get a viable dividend when the ceo's and the supporting board of greedies take most of the profit as 'well earned' pocket money

and ya still arnt allowed to shoot em

Re: Buy your tech stuff now? (10 Aug, 2018)

PostPosted: Fri Aug 10, 2018 7:20 pm
by Perry
Is it not all about choice and risk and learning from the past?

The hackneyed expression capital gains is mostly a deceptive shibboleth.

Most dim bulbs don't understand purchasing power and inflation, and can't tell the difference between a mirage-like gain and a simple change in numbers as they relate to inflation and purchasing power.

Re: Buy your tech stuff now? (10 Aug, 2018)

PostPosted: Fri Aug 10, 2018 10:05 pm
by Kiwiiano
I'm just as concerned about the global financial situation. Or should that be 'the global farcical situation'? With a loose cannon in the US and trade barriers going up willy-nilly there may be 'interesting times' ahead.

Re: Buy your tech stuff now? (10 Aug, 2018)

PostPosted: Fri Aug 10, 2018 10:06 pm
by aardvark_admin
Yes, wait until the 25% tariffs for a very wide range of technologies from China kicks in this month. The US population might not be best pleased that much of their tech stuff (computer parts, RAM, GPUs, etc) suddenly spike by a significant amount. Even US manfacturing of hi-tech items (if there is such a thing these days) will be hit because the tariffs cover a huge range of component parts made in China.

Re: Buy your tech stuff now? (10 Aug, 2018)

PostPosted: Sat Aug 11, 2018 8:17 am
by Perry
Tariffs are a strange beast, too. No one understands them, either.

Well, maybe a handful do, but no one's listening to them.

Re: Buy your tech stuff now? (10 Aug, 2018)

PostPosted: Mon Aug 13, 2018 6:14 pm
by Muscular Jam