March 2021: Journey to Financial Freedom update

Journey To Financial  Freedom Update

Welcome to Passive Income NZ, my Journey to Financial Independence. Every month I share how I am tracking towards financial freedom by providing you with an update of where my portfolio is at and how far I am from financial freedom, and how my spending is tracking. My definition of financial freedom is not really the same as everyone definition. It’s not to stop working; …

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Besides house, contents, and car, what other kind of insurance should you take into consideration? My Experience with Insurance

My Experience With Insurance (1)

We all know about the importance of home, contents, and car insurance- but what other insurance should you consider? As I’ve been getting older- I’ve been looking into whether I need more insurance. Sometimes while walking to work, I can feel my hips hurting and wonder what I would do if I cannot work anymore- should I get insurance for that? I’ve now had a …

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Thematic Investments: Reviewing Kernels New funds

A Review of kernels new thematic funds from S&P Kensho Moonshots Innovation and Electric Vehicle Innovation

If you haven’t heard, Kernel has introduced two new funds. Both these new funds are thematic funds. Thematic funds are the opposite of diversified funds like Vanguard International Shares Select Exclusions Index Fund or AMP’s All Country Global Shares Index Fund. Both of which have thousands of companies in them both diversified in terms of country and industry. Thematic funds have a theme and are more …

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How to Invest For Your Child’s Future in New Zealand

How To Invest For Your Child's Future In New Zealand

You are a responsible parent; you want your children to have the best possible start in life. They should be eating well, doing well in school, and keeping up with their regular dental check-ups.You can also invest in their future. If you invest in your children’s future by setting up an investment account for them, you will also have the ability to provide for them …

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Financial Independence, In Theory, is simple- Right?

Financial Independence, In Theory, Is Simple- Right?

The idea behind becoming Financial Independence (FI), or financial independence retire early (FIRE), has always been simplified down to this. Work out how much you need, or want to spend in a year. Then multiply that by 25 to get the size of the diversified investment portfolio you need. In theory, this will allow you to use the 4% “safe withdrawal rate” to draw down …

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End of Year wrap up 2020

End of year wrap up passive income nz

2020 has come to an end. And what a year it has been. March tested our risk tolerance with a historic drop in world share markets of around 25%. Early in March, I had a look at past viral outbreaks and their effects on the share markets. There was a suggestion going around that pandemics and epidemics effects on the market are fast-moving and often …

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Saving a Little Early is Better than Saving a Lot Later

Saving A Little Early Is Better Than Saving A Lot Later

At the beginning of each year, a lot of people make resolutions. You might think it’s silly, but there is some basis for it. Even though it is just the start of another year, the New Year is a way to trick our brains. It’s an anchor in time. Anchoring is a cognitive bias where you depend too heavily on an initial habit or behaviour, …

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Smartshares Exchange Traded Funds: Understanding the Unit Price

SmartShares ETFs Unit Price why are they different to Vanguards or iShares

I’ve recently had a few email questions regarding Smartshares and their unit price, so I thought I would try to answer them here so that you can also get your head around how the Smartshare funds work. Again, I am not an expert- I’ve tried to answer these questions both from what I know, doing research, and just reaching out to the providers themselves. Generally, …

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