As interest rates fell this year to record lows, more Kiwis turned to investing in the sharemarket. “We’re close to that group having invested $1 billion through Sharesies,” Williams said. She said the three golden rules to investing in the sharemarket were having an emergency savings fund to buffer losses, using KiwiSaver and starting with the right frame of mind. The remaining 20 per cent is left for investing directly in companies and emerging industries like cannabis, and clean energy. Making small but regular contributions was more important than stockpiling lots of money to invest, Williams said.

Source: Stuff January 07, 2021 16:00 UTC