A while back I asked you to send me in any questions that you are looking for an answer to and I received well over 100 responses. So, I’ve hand-picked just four to answer today and I'll come back to the others in the future. On with the questions!
All in Money Education
Time in the market is your money’s best friend.
I interviewed a bloke for an upcoming episode of my podcast and he had a lot to say about investing in individual shares and why he used to buy them, but now no longer does. He took the advice of a good friend when she told him, back in the 1980s, just buy into today’s equivalent of an index fund and let time in the market be your money’s best friend. Low and behold, she was correct.
Book Review: Rich Enough? A Laid-Back Guide for Every Kiwi
Mary Holm has been on my radar for a long time, she was possibly the first woman I heard speak with authority on how to handle money and has continued to be a great role model. The front page of her new book says she is “New Zealand’s Most Trusted Money Expert”. I bet the publishers angst over that bold claim, but I think it’s true.
Ask Away - Your Money Questions...
Every single day I receive emails from YOU about anything and everything that is playing on your mind in regards to money and I absolutely love responding to them. This week I thought that I would just give you a snippet of the queries I get because to me they are one of the main reasons I blog, to interact with other people who are thinking about PF.
Thanks John C. Bogle for Making Investing Simple
When I realised that in order to become an investor I didn’t have to learn how to pick stocks it was like the clouds had parted and the sun had finally come out. And I have American John C. Bogle to thank for that. Last week he passed away at the age of 89 but he leaves a huge legacy behind and I know that in years to come many will still be learning from him, just like I did.
Book Review: The Barefoot Investor for Families
Once WE as adults become better with money then it’s natural that we want to enlighten our kids, grandkids, nieces and nephews so this book is a must read in my view because it guides you through the steps of how to do it WITHOUT annoying the hell out of the child.
His only question was "does it have payWave"?
My 16 year old nephew needed a bank account, so I said I would help him out if he wanted me to. An aunt who loves anything personal finance related could not bear leaving a 16 year old in charge because I knew that absolutely NOTHING would happen. So I devised him his very own “master banking plan”.
Sharesies for Kids
I don’t subscribe to the view of “leaving my daughter to it”; that when she is old enough she can earn her own money and save for herself and she will miraculously become wealthy. In my view starting young, learning how money works and investing over a long period of time is the way to get ahead.
Why am I a passive investor?
A conversation I had a month or so ago is still buzzing round in my head. I was asked about my preference towards passive investing versus active investing. So, I’ve spent a lot of time over the last couple of weeks thinking this through so I can get it clear in my head.