Hey! Welcome back to Maori Millionaire. We are on a mission to empower Maori to become financially independent. Join us today to start your journey as well. Today, I will be sharing some of the different investment options that are available in New Zealand. I aim to break each of these down. None of the information I provide is intended to be advice, but rather information for you to make your own informed decision.
1. Term Deposit
A term deposit is one of the easiest ways to make money. But, you will likely make less interest on it than the rate of inflation. In saying this, I had all of my money in term deposits for many years whilst I learnt how to invest and grew my savings up. There are different banks which provide the option to have a term deposit, and the different banks offer different entry level deposits. Some require a minimum deposit of $1,000 whilst some are $5,000.
2. Kiwi Saver
Kiwi Saver would have to be one of the most popular investing resources for New Zealanders. This is because it is easy to use. There are also many benefits to using it. One, is that your employer is required to add 3% of your wages in to the account so long as you are too. Also, the government will add $1 for every $2 you put in, up to a maximum of $1,000 deposited by you.
Over 500,000 New Zealander's are using sharesies now. Anyone can use sharesies, including you. Sign up using this link: https://sharesies.com/r/3H4KNX and you will receive $5 for just signing up. Shares are an easy way to invest, if done correctly. I like to invest in managed funds as these are managed by a professional and it is diversified so it will mitigate risk of over populating my portfolio.
Property is an awesome way to invest as it is always increasing in value. Every 7 years or so a market crash occurs, but the values of property always recover. There will always be a need for property and so there will always be a demand for your services. Property is harder and more expensive to enter however, it can provide higher and more consistent returns.
5. Peer to peer lending
Peer to peer lending is when you let a third party use your money for someone to borrow. This money will be lent to someone and they will be charged interest. You will be paid a percentage of the interest which is how you make money.