The sharemarket is an area many students are curious about. It provides an opportunity to boost saving goals. If it is within your means, there’s no better time to start investing than NOW. This is a ‘Student Investing Starter Pack’ for those who want to delve into the world of investing.<\/strong><\/p>\n\n\n\n
It’s the year 2020.<\/p>\n\n\n\n
You’ve got some hard-earned cash stashed away in your bank’s online savings account, earning 0.1% interest. You’ll be lucky to buy even one avocado<\/em> with your interest at the end of the year, let alone your fav smashed avo’ on toast.<\/p>\n\n\n\n
Investing in shares and other financial instruments can boost your saving goals dramatically, and our ‘Student Investing Starter Pack’ aims to help YOU get started. Because even if you’ve been thinking about doing this for a long time, sometimes the hardest part is taking the first step.<\/p>\n\n\n\n
Now, the most important thing is to NEVER<\/strong> invest any amount you can’t afford to lose. Investing is a privilege, and if you can look after your day-to-day financial needs whilst having some spare money to make calculated risks on, you’re good to go \ud83d\ude42<\/p><\/blockquote>\n\n\n\n
Note: <\/strong>Any information provided in our ‘<\/strong><\/strong>Student Investing Starter Pack‘<\/strong><\/strong> is intended to be for general purposes only and should not be considered personalised financial advice or recommendations in any way. You should always make decisions based on your personal financial situation and fully assess the relevant risks of any investments.<\/em><\/p>\n\n\n\n
\n\n\n\n<\/div>\n\n\n\nStudent Investing Starter Pack<\/strong><\/strong><\/h2>\n\n\n\n
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Key Steps<\/strong><\/span><\/p>\n\n\n\n
- Choose an investment platform<\/li>
- Choose your shares<\/li>
- Track and manage progress<\/li>
- Sell your shares at the right time<\/li><\/ol>\n\n\n\n
<\/div>\n\n\n\n1. Choose an Investment Platform<\/h2>\n\n\n\n
The most important tool you’ll need for investing is the platform you invest with<\/strong>, so here is an outline of two main options for first-time investors in New Zealand. This is what you use to buy and sell shares, manage your portfolio, and review the progress of your investments.<\/p>\n\n\n\n
\nSharesies<\/a><\/h3>\n\n\n\n
<\/figure>\n\n\n\nSharesies<\/a> is the new Kiwi kid on the block with regards to the investment game, and boy does it look pretty. Their mission is to create the most financially empowered generation by making investing accessible for everyone in Aotearoa. So let’s go through their main features in the form of pros and cons.<\/p>\n\n\n\n
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