Does anyone know how the Labour capital gains tax will work?
Like if it's only CG after a certain date next year, we would have to know what the value of the house is at that date. But how do we know the value? Is there going to be another CV update on that date or something?
Thoughts on this?
www.nzherald.co.nz/business/why-kiwisaver-members-are-10b-richer-and-which-fund-returned-98-in-a-year/P5YHPHOHMVB3HAIK35TNBVZYRE/
Feels like so many things wrong with this article
Kinda interesting. Maybe
I recently switched my Kiwisaver to ANZ's high growth fund and it went up from
142,545 on 25th June to
144,423 on 7th July
That's like 2k 1.4% in 2 weeks.
I've since switched to InvestNow TWF but just waiting for the switch over. Wasn't even expecting it to move up at all in ANZ considering how the market took a dip these past few weeks
This gain is kinda surprising, I suppose nzx has been doing better than world and US so this could be what we're seeing. Perhaps someone more knowlegeable can give more insight.
Hiyas, quick question: has anyone used ACH to withdraw money from IBKR to an NZ bank account?
I used ACH without doing much research, and it's taking a while (i knew it would be slow) so I tried finding out more. And gemini is telling me that ACH is not available in NZ. But i'm seeing in Reddit that others in NZ have used ACH before (and there was nothing stopping me from completing the transaction). Also after looking even more I see there's this page from TIC (in Tanzania? lol) that reckons ACH is available for US only.
So just wanna know if anyone has successfully used ACH? Is it a bad idea to keep using ACH?
If one invests just under the fif de minimis threshold on an accumulating etf like vwra, when dividends are reinvested into the portfolio, does this affect the cost basis? I'm assuming it doesn't but i can't tell definitively.