Welcome To The NZInvestor
NZX and ASX stock analysis from the perspective of an NZ investor
Welcome to my Substack. In this first post I’ll tell you a little about my investing background. If you’d like to know a little bit more about me, this Substack and why I created it, you can do so in the About section.
My Investing Story
I first started investing in 2013 when I bought a house. While technically not an investment, but a home, I had calculated that I would be financially better off doing so. I then calculated that I could actually afford to buy a new house every 1/2 years if I saved my A$$ off and retire in 15-30 years on the income. While that was a naive view (I might discuss why in a later article or address that in the comments below if anyone is interested in the subject), it started me down the path of financial planning.
After a short amount of time (a couple of months or so), property prices went up and I was able to buy another house using the money accrued in the first (I bought very wisely). As I continued to save money, property prices went up more significantly and I could no longer save deposits within a year or two.
Renting was a horrific business due to terrible tenants, but I persisted. As property prices increased, I realised that I could leverage my properties to invest in the share market as I saved for increasingly larger deposits for my next property. This was my first foray into investing in stocks and I did NOT know what I was doing.
Not long later landlords were progressively painted as evil by the media, general public and politics. As someone with a lot of business sense, I decided that it was safer to get out of the property rental industry. I bought a large house as a fixed position in the property market in which to park money (and collect rent from borders) and put all my investing effort into listed stocks.
After a lot of learning and some success, I found my way into angel investing. This is a completely different type of investing and a lot more complicated than investing via the stock market. I had to learn an entire new set of skills, especially around law and contract negotiation.
I am now in the process of shifting my attentions back towards the stock market as a means of achieving a reliable income above the rate of inflation in the next year so that I can retire - a feat that should have been attained last year, but hopefully will come this year at age 41.