I don’t believe the phrase “don’t put money in the share market that you can’t afford to lose”

I don’t believe the phrase “don’t put money in the share market that you can’t afford to lose”

Ruth
ETFs, Index Funds, Money Education, Shares

I think this well-worn phrase, “Don’t put money in the share market that you can’t afford to lose”, contributes to our over-reliance on housing as the only way to grow your wealth in New Zealand. That’s a great shame in my mind because people have turned their back on our strong share market. When I hear prominent Kiwi’s in the New Zealand investing space I want them to educate and inform me. I want them to show me that investing in something other than housing is a viable option for growing the wealth of my family over time. I don’t want them to confirm any biases that I might hold about the share market being risky and akin to a casino. Because it’s not. Yet when they repeat the phrase “don’t put money in the share market that you can’t afford to lose”, that’s exactly what they are telling myself and others.

Reimagining my budgets with PocketSmith

Reimagining my budgets with PocketSmith

Ruth
Budgeting, PocketSmith, Reviews

It’s no secret that I’m a fan of budgeting in some way, shape or form and knowing where your money is coming from and going to honestly helps you get ahead faster. There is no doubt in my mind about this. And from time to time I give my budgets an overhaul and this week I made a cup of coffee and took about an hour to look over every corner of my budgets in PocketSmith. The prompt to do this was because PocketSmith have launched a brand spanking new Dashboard with heaps of new customisable features and once I started having a look around, I was like a kid in a candy store.

The Bitcoin experiment is over!

The Bitcoin experiment is over!

Ruth
Cryptocurrency, Investment, SmartShares, ETFs, Index Funds

If you have been following my blog for a while you might remember that back in 2017, three long years ago when the world was more normal, Jonny bought some Bitcoin. Actually, “some” Bitcoin is a bit misleading because to be more precise he bought “a bit” of a Bitcoin. He had been following its evolution for a couple of years and had been wanting to buy Bitcoin for a long time, in fact, he would have done as much, if I didn’t always scoff at the idea as being far too speculative. So three years on, how did his Bitcoin perform…

Should you combine finances with your spouse?

Should you combine finances with your spouse?

Ruth
Personal Finance, Banks, Debt, Investment, Saving, Money Education

I have the privilege to speak to so many people about “money stuff” and a very common scenario is that of a couple who have been together for a long time yet they still keep their money completely separate from each other. If you are committed to him or her being “the one”, you trust each other and have combined everything else in your life (your wardrobe, the bathroom cabinet, your home, your children, your pets), then why not your money?

What should I do with my Bonus Bonds?

What should I do with my Bonus Bonds?

Ruth
Bonds, ETFs, Financial Advisors, Hatch, Index Funds, Investment, Kernel, KiwiSaver, Saving, Shares, Sharesies, Simplicity, SmartShares

This week I’ve received even more emails about Bonus Bonds with people asking what investment options are out there for the money that will be released from the scheme when it winds up shortly and also asking what they could do with the ongoing monthly payments that people had previously been making into the scheme. They don’t want to stop this regular savings habit, but they have no idea where to put it.

US shares now available on Sharesies

US shares now available on Sharesies

Ruth
Sharesies, Shares, Index Funds, ETFs, Hatch, Investment, Kernel, Money Education, Simplicity, SuperLife, SmartShares

You may have noticed that Sharesies now offer you access to the American share market. So now we are faced with yet another choice for our investment dollar. And don’t get me wrong, the choice is great but it can add a layer of confusion too for first-time investors. So, while Sharesies and others like them have filled a gaping hole in the market - providing easy and affordable access to the share market - they have created another void and that is the education of investors.

Frugal Hack: Buying Glasses Online

Frugal Hack: Buying Glasses Online

Ruth
Saving

I refuse to spend $903 on a single pair of glasses. But I can manage $326 for three pairs. This is a blog post about wearing glasses and as I sit down to write this even I’m unsure if those people who come to my blog for my thoughts on investment and good money management are going to hang around long enough to see the point of me writing it? So, this post won’t be for everyone, but it is for everyone who either wears glasses or knows someone who does.

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