tips for first-time investors

tips for first-time investors
News from Stuff.co.nz:

RICHARD MEADOWS

Making your first foray into the investment game is tough going. It’s unknown territory and can be scary for those used to the safety of the bank.

But everyone has to start somewhere. For legendary investor Warren Buffett, it was at the tender age of 11, buying three shares in a company with his sister.

The Oracle of Omaha’s first stock trading was not wildly fruitful, but lessons learned in the early venture prepared him for a phenomenally successful investment career.

You might want to take a dabble too- but are you ready?

Let’s run through some preliminaries: First, before you invest your money anywhere else, get rid of any debts weighing you down.

”If someone comes in with $ 10,000 and a mortgage, I’d tend to advise them to pay off debt”, says Susanna Stuart, financial adviser at Stuart & Carlyon.

Second, make sure you’re milking Kiwisaver for all it’s worth. A $ 520 tax credit is nothing to be sneezed at, and any employer-matched returns on contributions are nigh unbeatable.

Third- Stuart recommends building a safety cushion that would cover two months’ expenses. You don’t want every cent tied up in investments when an emergency looms.

Made it through that lot? Anything left over is ripe for investment.

But it’s likely to be a prett…………… continues on Stuff.co.nz

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5 Things Every Income Investor Needs to Know Now
News from Jutia Group:

We’re just past the edge. The “tipping point” is here.

Don’t worry, it’s not dangerous. In fact, if you’re an income investor, then this might be the start of a very prosperous trend.

Between 2012 and 2030, every day roughly 10,000 Americans will turn 65. You might be among them. This marks a major shift that will play out for millions of people in the next years and decades. And I think that it could mean soaring popularity for income investing.

In fact, my colleague Amy Calistri outlined the case in a past article…

“Think about it. Some estimates have this group [baby boomers] controlling more than 80% of personal financial assets — that’s trillions of dollars. Much of that is tied up in housing and other non-liquid investments, but there are still loads of cash in traditional spots. According to the Investment Company Institute, there is $ 10.7 trillion in mutual funds alone.

As baby boomers wind down their working years, they’re going to do what retirees before them have done — shift from riskier s…………… continues on Jutia Group

… Read the full article