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Wonderful story, well done justakiwi, thanks for sharing. All the best for your next goals.
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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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Thanks for all the kind comments guys
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Why do you feel the need to pump crypto at ever possible opportunity? It always feels like you must be earning a commission or something, for "spreading the word."
I'm not even remotely interested in crypto. It's the very last thing I would ever choose to invest in. It's a ridiculous invention/concept, and trading in it is nothing more than gambling in my opinion.
I'm not greedy. I'm more than happy with my progress and returns. As I'm sure you are with yours.
Originally Posted by Crypto Crude
hey real nice returns there for traditional investments... and sorry to be a party pooper,
but ive done 800% return on the entire portfolio in half a year in crypto....
I have made heaps of mistakes and easily underperformed the market...
If you want to make money, and not hold judgement about how the money is made... if you want to follow the money flows and the most popular asset class right now, and of all time then definately check out crypto...
100%
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Unlike you, money and being rich, isn't the focus of my life. I don't want or need a million dollars. I don't want to give up my job. And just so you know, living in my caravan is a lifestyle choice, not something I do "because I'm poor." Your world view is vastly different from mine.
Out of curiosity, how old are you and what do you do for a job?
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Originally Posted by justakiwi
Unlike you, money and being rich, isn't the focus of my life. .............
Out of curiosity, how old are you and what do you do for a job?
I never said it was the focus of my life.
My age and what I do is none of your business.
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Originally Posted by justakiwi
Unlike you, money and being rich, isn't the focus of my life. .............
Out of curiosity, how old are you and what do you do for a job?
I never said it was the focus of my life.
My age and what I do is none of your business.
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Originally Posted by justakiwi
Unlike you, money and being rich, isn't the focus of my life. I don't want or need a million dollars. I don't want to give up my job. And just so you know, living in my caravan is a lifestyle choice, not something I do "because I'm poor." Your world view is vastly different from mine.
Out of curiosity, how old are you and what do you do for a job?
You'll find each person in the forum has their own spin. Just like myself those that have followed my postings are around the issue of NZ's unfair taxation between different asset classes (shares vs rental properties / CGT / FIF etc). In Crypto Crude's case, he likes cryptocurrencies. I would not take his advice if you do enough online research on the risks of buying .coins in any way ; worse than a casino IMO. What I find that is consistent is there's no shortage of people like Crypto Crude making claims that you'll be a millionaire if you put this amount of $ in it ; no different to receiving stock tips from someone online, with claims of making big BIG returns.
I didn't get rich by taking such gambles. My investments made me well off enough the old fashion way ; by how Warren Buffet views investing. Yes he's boring, yes he's old, but like I said before i'm not one to gamble.
I will say this, in forming a balanced portfolio - I do find in industry and standard spew by financial advisers is that they over diversify. There is no distinction between one investing with a lot of $ and one that is doing weekly or monthly contributions. The former being that they are not required to take huge risks while the latter should be in a less diversified way. After all, when you buy shares in a company you are a PART OWNER of the company and therefore, need to view it from increasing shareholder value, and not how it's been pitched in NZ as, getting a return on capital in a way of "how much dividends am I going to be paid".
BTW, i'm not offended if anyone asks me what I do for a living or how old I am.
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