37yr old here, based in New Zealand, started investing July 2024, dropped $10k NZD into S&P 500 Vanguard ETF (VOO) and got around 12 shares, currently up $441.13 (7.07%).
I also pay money into a saving scheme that we call Kiwisaver, it's basically employers invest a % into your kiwisaver every pay, I put in a % every pay and govt adds $1k per year into it. So far I've just hit 100k of savings. This investment is designed to assist with buying a first home, I rent currently, or of course you can pull it out at retirement.
I've not lived quite a healthy life, so my expectations of living long I'm fairly aware of, i'd say I will reach retirement (65) but will most likely flake out by max 80 haha. I'm ok with that.
Anyways, my plan was to through $500 a week at the investment and just build it up after the next 20-30 years and hopefully by the time I CBF working any more, I can cruise on that + pension until the hangman comes for me.
I guess I want to ensure that is enough, I don't expect to be rich or living lavishly in retirement, but I want to be comfortable, I guess the question around that is "what is comfortable cost wise in your country and more importantly in those particular years and things change as we go through time.
However should I be doing more around different investment types? I know NZ has big issues with tax around stocks that pay dividends, but I don't know enough to even start researching the right paths to actually learn and start doing it.
Any advice/wisdom?
Submitted November 14, 2024 at 11:43PM by bickboikiwi https://ift.tt/mzFDWKR
