Whether you’ve sold your company, inherited a large sum of money or properties, or won the lottery, coming into wealth in New Zealand can come with a lot of emotional, mental, and financial baggage. You might be elated one moment, despondent the next, terrified you’ll lose it all, excited for what the future holds, worried … Read more
I was reading Dale Carnegie’s How to Stop Worrying and Start Living, a great companion to his more widely read How to Win Friends and Influence People. Here are a few quotes from the book that resonated with me. It’s amazing how, originally published in 1948, so much of what he wrote still rings true … Read more
This data is from the SPIVA New Zealand Scorecard. Produced by the S&P Dow Jones Indices, the SPIVA Scorecard compares actively managed funds to their indexed benchmarks. The data is overwhelming clear. For the average retail investor, you have a strong chance of not picking the lucky fund manager and even if you do, over … Read more
Hi Spencer It was great to work with you on our retirement / investment planning. Your straightforward and friendly approach made the whole process interesting and fun – and not as daunting as I’m sure it could have been. We look forward to receiving your recommended booklist and an updated version of the Statement of … Read more
Congratulations! You just won a multi-million dollar prize in the NZ Lotto. Now what? Step one: Do Nothing. Sign the ticket. Put it somewhere safe. Take a picture of it for your records. Contact the Lotto NZ Customer Service to claim your prize. Don’t tell anyone. Maybe your immediate family, but as soon as you … Read more
There is a cultural meme in New Zealand that you “made it” or succeeded when you buy a home. But so often Kiwis buy more house than they can afford. An excessive amount of their income now goes to servicing a property that might increase in value or might not. But every week, every fortnight, … Read more
Start with this free, 16 page PDF called If You Can: How Anyone Can Get Rich Slowly If you’re going to read only one book, make it The Simple Path to Wealth – J.L. Collins Absolute Beginners to money and Paying off Debt Investing Philosophy Advanced and after you become financially independent If you want … Read more
JL Collins, author of the Simple Path to Wealth, presents: A Guided Meditation for When the Stock Market is Dropping. Breath. In. Out. In. And out. Name the fear. Fear is the mindkiller. Fear is the little-death that brings total obliteration to my investments. I will face my fear. I will permit it to pass … Read more
What if the market drops? What if I miss the rally? Relax. You don’t need to get this exactly right. Little, automatic, diversified investments, at a low-cost, in a simple portfolio will perform well over time. You don’t need to be the best investor or even a great investor. You just need to avoid being … Read more