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Member
What a lovely heart warming update to your original post, thank you for sharing it!
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Well done, indeed! Now set a target for the next x years and keep that enquiring mind doing its good work!
Cheers, m.
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Well done justakiwi. Great to see that you have taken advice and done your homework resulting in such a great performance. Congratulations.
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Thanks for all the positive comments people!
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I thought I’d share a little update for anyone who is interested. It has now been just over two years since I got back to investing with the help of Sharesies. I set myself a goal of having $10,000 invested by the time I turn 65. I will be 61 in August and my portfolio has just hit $20,000. My minimalist caravan lifestyle has made a huge difference and has allowed me to save and invest more money over the past two years, than I ever could have in the past. My total return (capital gain plus dividends) for the past two years was $4450 or 26.27% per annum. My portfolio is small - one ETF, five NZ companies and one unlisted company. As I have said before, I totally understand and appreciate that my progress to date means very little in terms of future progress, but I am very happy and more than a little chuffed with what I’ve achieved in two years. It is a really good feeling to be actively doing something with the money I earn, rather than simply watching it lose value sitting in bank accounts, which is what I did before.
Thank you to everyone who has helped me both in the forums and behind the scenes. You have taught me so much, and helped me gain the confidence to make decisions and stand by them. As much as aspects of this place make me crazy at times, I couldn’t have achieved what I have, without the knowledge, guidance and support many ST members have given me.
Looking forward to seeing what the next two years brings
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Originally Posted by justakiwi
...My minimalist caravan lifestyle has made a huge difference and has allowed me to save and invest more money over the past two years, than I ever could have in the past....
The foundation truth of building wealth, spend less than you earn.
Originally Posted by justakiwi
....My total return (capital gain plus dividends) for the past two years was $4450 or 26.27% per annum.
Neat Keep up the good work.
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IF the returns are maintained you will double your investment in 3 years
https://www.calculator.net/investmen...it=0&x=54&y=17
$50,000 by age 65
https://www.calculator.net/investmen...tit=0&x=45&y=6
Worth aiming for?
Last edited by kiora; 23-06-2021 at 12:32 PM.
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Originally Posted by Snow Leopard
The foundation truth of building wealth, spend less than you earn.
Neat Keep up the good work.
Precisely - 'learn to live beneath your means'. A fungus aphorism.
Last edited by fungus pudding; 23-06-2021 at 01:26 PM.
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My congratulations as well justakiwi. It is an inspiration to see someone wanting to learn, getting stuck in and doing exactly that and also being resilient enough to participate in a forum that isn't always as supportive as it could be. That shows some strength of character and you should be very pleased with your progress. I look forward to your next post. Good motivation for us all in so many ways.
Originally Posted by justakiwi
I thought I’d share a little update for anyone who is interested. It has now been just over two years since I got back to investing with the help of Sharesies. I set myself a goal of having $10,000 invested by the time I turn 65. I will be 61 in August and my portfolio has just hit $20,000. My minimalist caravan lifestyle has made a huge difference and has allowed me to save and invest more money over the past two years, than I ever could have in the past. My total return (capital gain plus dividends) for the past two years was $4450 or 26.27% per annum. My portfolio is small - one ETF, five NZ companies and one unlisted company. As I have said before, I totally understand and appreciate that my progress to date means very little in terms of future progress, but I am very happy and more than a little chuffed with what I’ve achieved in two years. It is a really good feeling to be actively doing something with the money I earn, rather than simply watching it lose value sitting in bank accounts, which is what I did before.
Thank you to everyone who has helped me both in the forums and behind the scenes. You have taught me so much, and helped me gain the confidence to make decisions and stand by them. As much as aspects of this place make me crazy at times, I couldn’t have achieved what I have, without the knowledge, guidance and support many ST members have given me.
Looking forward to seeing what the next two years brings
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Last edited by justakiwi; 01-07-2021 at 02:31 PM.
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