I'm curious to know:
What asset classes are you investing in right now, and why? Stocks, ETFs, crypto, real estate, gold, or something else?
Are you investing for long-term growth, income, or something else?
What's influencing your decisions in the current market?
Is property dead ? stock market too volatile? Cash is king.- not with high inflation and after taxes
Interested in hearing different strategies and perspectives
Enjoy it!!!
System Of A Down tickets.
Sucks it's only Wellington
Absolutely. Rooms were selling out in front of me or getting adjusted real time in price this morning. Rooms that were $350 for three nights shot to $850 going into check out. Absolutely gross.
About time Wellington got in on the action. Auckland and ChCh get all the good gigs
Thankfully I don't need to think about investing money after finding an email from CIA Director John Lee Ratcliffe hidden in my spam folder on an old Gmail account that I only use for signing up to websites I'm not 100% sure about. He informed me that there was a meeting hosted by Joe Biden involving most of the African presidents held in New York and they all chose my email address to give $17.5 million usd in compensation to, which makes sense and is about time really because as a white man from New Zealand who's never been to Africa I've always felt that African countries owed me a lot of money. All I have to do is pay $310 for the shipping, and of course being from overseas the only way to make the payment is by sending iTunes gift cards to the Gmail account that the head of the CIA uses because that's how International finance works, and then I'll get my money, and when I do get my money it'll be no more having to come here and see posts about cheap Air Fryers or Wakrak with their never-ending money saving deals.
I can't wait to be rich.
I can't wait to be rich.
Just be aware that it might take some time.
My email came through in, if I recall correctly, early 1997, and its just about to get into my bank account now.
I paid $100 using International Reply Coupons at the time.
Any day. Any day it will arrive.
let me guess your Nigerian prince is a leftist
My own business. Self employed, food production and wholesale.
Yeah boi!
Longterm for kids (growth ETFs) with some shares they show interest in.
Medium / Short term for me. Play money really. High risk, high gain. Aussie mining stocks, medical research, bit of crowd funding etc
House nearly paid off. Good for a "backbone"
Small finger in the pie bitcoin ETF just to say I have some. Not really a fan of crypto
Small bit of physical silver
Kiwisaver for retirement. Growth selection.
Overall, as everyone says, unfortunately you can't really beat a simple indexed low fee global stockmarket investment ETF. Boring as all hell though.
If I had the room I would probably fill my shed with cars.
Still cry when I see the prices of a unmolested Subaru WRX, Mitsi Evo, Nissan skyline, or Holden V8 compared to what they were 15-20 years ago.
Bought my WRX for $7k thrashed it, Sold it 5 years later for $10K. If I still had it I could clear $30k now
Pick a future cult car in good condition. Original Tesla maybe? Put a cover on it out in the barn and revisit it in 30 years.
Everyone will be salivating over how quirky and retro it is.
I put in 20k into all the major mining companies and all uranium/nuclear companies 3 years ago. Surprisingly one of the companies pivoted to the defense sector 1.5 years ago and now im up 200% from that one company. We're all moving away from cave man coal and turbine powered electricity at some point. As an engineer and power prices increasing at this rate, I support nuclear power including potentially nuclear powered cars which can be powered for over 500 years (imagine passing down a car for 5+ generations without 'filling up')
Crypto - Ethereum generally as I believe there's more upside potential than Bitcoin. Then a few other Top 10 tokens like SOL, XRP. Several good ETF's around that are easy to get into. And finally Concentrated Liquidity providing to earn yield. I know it's not for everyone, and it's a volatile game, but the rewards outpace anything else, if you can stomach it.
It's a valid answer. If you down vote, please comment with why.
I didn't downvote, but I 'd point out that it's not valid to call crypto investment. It's gambling, because there are no investment fundamentals to crypto.
I've owned crypto in the past so I'm not saying this judgementally; I knew it was pure gambling when I got in and when I got out. Even when people stack derivatives on top to make it look respectable, it's a house built on quicksand.
(inb4 someone says 'all investment is gambling, trust me bro')
Gambling and pyramid schemes all the way down.
It's disappointing that something as cool as eth technically is also a cryptocurrency and underpins crime and scams and is a big pyramid scheme
and now he has added kiwiSaver . that is being irresponsible
With the Eth are you staking to get a yield and if so which platform, I've oftened thought of putting in a small amount and getting in on this.
Well I used to do several different platforms .. it can come down to how confident you are in wanting to manage positions yourself, or do you want a hands-off , set-forget-watch and receive yield approach.
The simplest, easiest way that I could recommend is Bonds through a platform called Dex Finance. You buy the bond with Eth (basically an NFT), and you receive USDC rewards which you then claim and gets transferred back into your wallet. The current APR is 45% but of course, it fluctuates based on market conditions.
The more bonds you buy, the more rewards you receive based on the current APR. You can sell (redeem) your bonds back to if you need to cash out, and you'll get back whatever the current market rate is for the Bond, less 10%, which stays in the fund.
I can go deeper into this but I won't do so here. You can send me a DM if you want to know more.
However if you wanted to go deeper with this , you can manage your own positions, or use other platforms that use different metrics, but Bonds through DF is the easiest way that I know of, and it's the team that I trust the most. I've been using them in various capacity for about 3 years now.
Personally I'm investing for the long-term in low-fee index funds (total world / global) - Investnow Foundation, Simplicity, Kernel.
I think property can still work if you run it as a business and heavily leverage it (use the bank's money, don't pay off the mortgage, build a reputation, look after tenants, work with good property managers, etc.).
I'm also about to start franchising my business if you're interested in investing ❄️☀️
Cocai…
I mean, snow?
Alphabet, Berkshire Hathaway for FIF investments. Alphabet has done amazingly but I suspect Berkshire is a good hedge for when the AI bubble bursts.
Chucking other spare income in Invest now, mostly their Foundation Series funds since these have very low fees. Getting about 15% p.a. return over the last 4 or 5 years.
Also in the money lending business with Squirrel peer to peer lending. It's much lower risk than you might think and the returns are quite good, around 6% pa long term average.
Definitely no crypto. It's had its day. Gold is the new crypto.
No property investment other than house that I live in.
Squirrel peer to peer lending - which sector? isnt there a long waiting time
"It's much lower risk than you might think" - please explain.
80% Home Loans and 20% Construction.
It's lower risk than shares and funds because it's a loan based on the collateral of a home.
Squirrel have a reserve fund to cover non payment.
Very short waiting times for investment currently but slightly longer to sell. It used to be the other way round.
Although in theory your investment is for up to 7 years, in practice it's often much lower, a few months to a couple of years.
The interest isn't fixed so it tends to go up and down with the prevailing rates.
So you're getting the rates of a 5 year term deposit without the same lock in. I could just invest in TDs but I like the idea of giving people an alternative to banks for their home loans.
Also Dave Tyrer at Squirrel is a sound dude. Active on Reddit to answer all your questions.
Who do you use for your FIF?
Is the tax easy enough to do yourself, or is an account / tax shop needed.
Hatch, no accountant needed if you keep total investment (the money you put in plus any dividends received) to below $50k.
I invested in Alphabet and Berkshire since they traditionally didn't pay dividends which was a good way to always stay below the $50k threshold. Alphabet have started paying dividends of late but I'm still a little way off 50k so all good.
Personally I'm investing for the long-term in hopes to retire…. maybe, we will see.
Started my investing journey in Sharesies for stocks and EFTS.
Due to the current US markets and AI, I have started with Kernel EFT: World ex US, to spread out my eggs (I have VOO/S&P500).
I am currently not on the home owner lander and I don't know if it is worth being a first home buyer in current NZ market.
Good on you.
Investing in US market using IBKR, Investnow.
Investnow due to low fees
IBKR due to almost real time buying and selling of ETF and shares.
Invested in MAG7, Cybersecurity, Gold ETF, URA, NVO
I moved my kiwisaver from milford to investnow and moved into milford and many other funds just to reduce risk of US securities to more broader + us seurities,
will push extra money in mortage with kiwisaver on 10 . i am also using ikea to put in well designed furniture in my house as per customization possibilities on there website . and plan to put in chicken run and glass house at home , last year we saved a lot of money growing our own vegetables ,
Is having Kiwisaver at 10% contribution any extra benefit? (Sincere question, asking in case I'm missing something)
Assuming 3 things:
- At 3.5% you still reach the $1042.86 deposited to get the max government bonus
- Your employer only offers to match up to the 3.5% minimum
- You use 6.5% of your pay to invest in similar funds.
Your money is locked in till 65. and the types of funds you choose. and no ability to choose individual stocks but otherwise its good because you are forced to save
if you think about it there is no extra benefit as such , its just easier to save with kiwisaver , with investnow with 30 + schemes with about 10 decent etf high performing low cost or actively managed 1 % + charge schemes you can mix match them you can use ai to understand the schemes use shorted org nz for more information . like underlying etfs and performance of those
In investnow you set the percentages and the funds every thing is done automatically you dont have to actively move money around funds .
my partner quit her work and is full time mom i put 1100 nzd in her saver just bare minimum
benefit you can do hardship withdrawal, which is not that easy if you do have hardship its there , i will be moving 15k to oz super buy house there as first home buyer , I will do this rather then buying 2nd home in nz which is not easy.
but can get a house in place like kalgoolie or alice springs which is mostly positively geared use au government saver scheme for the house .along with other federal schemes , i will still do 1100 nzd for nz kiwi saver . as i will move there just for work i will come back to nz after some years . its very hard to save money in nz with wages , i saved some money when i ran a business .
I have this superpower - whatever stock I invest in, goes down!
I've invested in a few ETFs on Sharsies (mainly AI infrastructure and semiconductors) hurting quite badly at the moment though :(
But if you can stomach it, hopefully it's be good in the long run?!
Yes I was up 30% YTD , over the course of two weeks , its down 2%. World is in shit at the moment thanks to that stupid orange man at the keyboard
Look at the upside. You can invest more right now as the market is down. That can bring down your average quite a bit.
Yup i've added a bit more in the last couple weeks, buying the dip, of the dip, of the dippity dip
I didn't mention this earlier .. but if you are in the crypto game and you really love volatility, there are companies out there where you can put some or all of your KiwiSaver into crypto ETF's. I've also done this and doubled my KiwiSaver net worth in 1 year, thanks Bitcoin.
I'm investing in enjoying my life - flying to Vietnam tomorrow thanks to @beatthatflight !!