All in Investment
Is it just me or are people confusing saving for a house with saving for retirement? I keep hearing about first home buyers all the time and how difficult it is to get into the market. But the question I keep asking myself is “why do people use their KiwiSaver as their primary mode of saving for a deposit?”
Investing is like shopping for toothpaste. There is a range of companies offering a very similar product. There are differences, most of which are minor and you just have to cut through all the jargon and choose an option. If you get too bogged down in the detail it just all becomes too difficult and you will end up doing nothing.
Over the years I have heard about forestry as an investment. I even toyed with the idea of our own Christmas Tree Farm as a side hustle. It is a REALLY long term investment as you wait for the trees to grow… But grow they will which then begs the question of whether it is worth the initial investment and the really really long wait.
Back in July 2016 I helped Mr Happy Saver hook up with some SmartShares. He only bought a very small amount because it was always my intention to use it as an experiment to blog about. Today is sale day!
Significant moments help to shape the people we are today and that got me wondering why I’m a saver and not a spender. This is one of my significant money memories that influenced me for ever after and hopefully helps me to do things right, more than I do things wrong.
It is important to track your net worth. How else can you know where you are financially so that you can plan for the future? The most important thing is to understand your financial position today so you can be moving in the right direction.
I have been hearing a lot for a long while about the fees that we pay to our KiwiSaver providers and that over the lifetime of the fund we are paying well above the odds for the service we get. Apparently we should be outraged. I have finally removed my head from the sand and took a closer look this week.
A conversation on repeat at the moment in our whare is this: What if we sell the almost four year old house we are sitting in...
It is time for another quick look at Smartshares. What happens next? YES index funds ARE that interesting! So here is the next instalment...
