this post was submitted on 19 Nov 2023
6 points (100.0% liked)
Aotearoa / New Zealand
1651 readers
3 users here now
Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general
- For politics , please use [email protected]
- Shitposts, circlejerks, memes, and non-NZ topics belong in [email protected]
- If you need help using Lemmy.nz, go to [email protected]
- NZ regional and special interest communities
Rules:
FAQ ~ NZ Community List ~ Join Matrix chatroom
Banner image by Bernard Spragg
Got an idea for next month's banner?
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm in my late 30s - I'm putting 8% into Kiwisaver (I know traditional advice is to not do extra here, but I like that it comes out of my pay before I even see it), and putting money into Investnow funds (mix of ETFs, some managed funds, and some term deposits) - though that has slowed down a bit while we concentrate on putting the usual savings money into overdue house maintenance.
I have a small amount of personal money in Sharesies, but I treat that more like gambling (luckily, cos it's way down at the moment). I wouldn't put any serious investing there.
Your second paragraph feels like a personal attack lol
Ha, sorry about that - I meant more that I don't know enough to pick individual shares well, so I just chuck some play money in there from time to time, and if I lose it then it's no biggie. For proper investing, for me ETFs are safer because of the spread, and I don't need to go deep diving into the financials and risk of individual companies.
I think it is what you make of it.....lucky it doesn't allow leveraged investing....
I remember signing up and putting a couple Hundy down at like 4 in the morning after a night on the beers, bit my finest moment.
Leveraging is definitely a whole other beast, glad there's no temptation there