Believe it or not I am a bit of a freedom junky also, I don't like the
idea of Kiwi saver at all but the govt is thowing some more of my tax
money at it to (practically) force me to do it.

I don't see my suggestion as more regulation (although I agree it is) I
just see it as a move in where the govt controls things.  It strikes me
as highly ironic that the govt is reducing peoples ability to save by
increasing the OCR and at the same time telling people off for not
saving enough.  As I have said, at least my way I would be getting
something for my money.


Rob Martin
Software Engineer

phone +64 03 377 0495
fax   +64 03 377 0496
web www.chreos.com

Wild Software Ltd



Alister Christie wrote:
> My mind is divided on regulation.  Personally I like to have freedom
> with my money and invest it as I see fit.  The other side of the coin
> is that most people are incompetent with their money - attested by the
> number of quick finance companies around - 20% interest isn't bad is it?
>
> Who here has enrolled into KiwiSaver?  I'm going to be retired long
> before 65 but the fact that the govt also contributes makes it such a
> good long term investment I just can't say no.  For me investing in
> KiwiSaver works out to be much better than paying off debt - which
> doesn't seem right somehow.
>
> Alister Christie
> Computers for People
> Ph: 04 471 1849 Fax: 04 471 1266
> http://www.salespartner.co.nz
> PO Box 13085
> Johnsonville
> Wellington
>
>
> Robert martin wrote:
>> Agreed that there are issues.  However all that much really.  Changes
>> in situation are handled as badly / well as the current interest rate
>> changes.  Personally I would rather have it that when my repayments
>> went up I actually got some benefits from it!
>>
>> Re people re locking after there fixed term expires, so be it.  The
>> issue is to reduce peoples money now rather than in two years time
>> (the OCRs effect).  Yesterdays rate rise wont effect 50% of the
>> mortgage population for 1.5 - 2 yrs, by that time the economy may be
>> quite different.
>> The current OCR system is a much blunter instrument (sledge hammer)
>> than my suggestion.
>>
>> It is a suggestion and one that will go nowhere as the experts have a
>> vested interest to not make it a workable system.  I am sure that
>> this or something similar could be developed by economists that would
>> work nicely alongside the OCR.
>>
>>
>> Rob Martin
>> Software Engineer
>>
>> phone +64 03 377 0495
>> fax   +64 03 377 0496
>> web www.chreos.com
>>
>> Wild Software Ltd
>>
>>
>>
>> peter@webc... wrote:
>>>> It would be a minefield to try to regulate an individual's debt/equity
>>>> ratios like that.
>>>>    
>>>
>>> Agreed. Quite apart from possible rorting, you get in a mess of
>>> regulatory trouble to cope with real life needs, such as a change in
>>> financial situation requiring an interest-only holiday, or whatever.
>>> Sledgehammers are for nuts.
>>>
>>> cheers,
>>> peter
>>>
>>> ===========================================
>>> Peter Hyde, Development Director
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