All in Sharesight
How is my “Kernel S&P Kensho Moonshots Innovation Fund” performing? In a word. Poorly. It’s down 27% with no signs of stopping its slide. But I can’t complain; the fund manager themselves forewarned me. Now that I’ve invested in this specific fund for almost a year, I thought it an interesting exercise to see if the returns are living up to my high expectations. Hmmm, let’s just say, it’s not quite what I was hoping for.
I’m delighted to tell you that Christmas is imminent! At the time of publishing this blog post, it’s just 34 days away. Yes, indeed it is. You will no doubt have noticed the headlines telling us to shop early for Christmas and stock up due to a predicted lack of supply? Therefore, I have been doing a little bit of shopping for the readers of my blog. Jonny and I have come up with a plan to give away a bunch of goodies, all of which aim to help you in your journey to financial independence.
Because I like to make life difficult for myself, I thought I would write a blog post on the tax implications of using a FIF. A Foreign Investment Fund. Due to the proliferation of online investment providers like Hatch, Sharesies, InvestNow, Smartshares, Kernel, Betashares, Stake etc. I’m getting more and more emails from people who are concerned about the national and international tax implications of using these platforms.
Ok, so the question is, does investing in index funds or ETFs actually work? Given that last week, I wrote about the fact it has been five years since I started blogging, I thought I’d give you an update on how two of our investments have been tracking during that time. The blog, after all, was created so that I could teach myself about investing by actually putting some money in and then sharing what I have learnt with others. I figured it would save everyone else having to constantly reinvent the wheel!
Well well well, the time has finally come for this long term investor to divest herself of some shares. Say what?! I claim to be a ‘buy and hold’ investor, so what gives? Have I fallen on hard times you ask, or maybe Jonny and I have retired at last? Ah, thankfully, no and unfortunately, no not yet.
This is a blog post about all the investing “What if’s”. Have you ever wondered what would have happened if you bought shares in a company when you first heard about it, but you didn’t do it? And you find yourself years later saying “oh, I NEARLY bought that stock, but I didn’t…” Now you are wondering what even happened to the company share price and what WOULD have happened to your own net worth IF you had actually purchased some?
Whatever it is that you are embarking on that’s always the best place to start in my opinion. The beginning. Then just follow the path, in my case, the path to financial independence and eventually not being tied to a job to earn my income. It’s a long journey but it’s one worth starting. I’m often writing emails that cover the same points over and over again, so I thought that today I’d put that information into a blog post for all of the people wondering where to start and how to string all the bits of information you have learned about money into a cohesive order.
This week I read a question on the Kiwi Mustachian Facebook page from a woman by the name of Kimberly who was asking a particularly good question. I thought that such a question required more than a social media soundbite and that it might also be useful to other Happy Savers. This is an important question and it needs a detailed answer because in my view Kimberly is on the brink of making one of the most important investment decisions of her life and she needs to feel comfortable with what she is doing.
Before I started The Happy Saver I thought the only way to learn about money was to seek out a financial advisor, the supposed experts in the field, so I did go to a couple of financial advisors. As a result of these attempts I completely gave up on letting anyone else tell me what to do with my own money and decided that no one cared more about it than I did myself so I decided to take matters into my own hands and educate myself. I did it by actively taking an interest in my/our money and reading, listening, asking and deep-diving into all things personal finance related.
