Peer to Peer Lending review – Squirrel

Squirrel (also known as Squirrel Money) is an Auckland based Peer to Peer (P2P) Lending platform which launched in late 2016. Squirrel was the second P2P Lending platform I joined back in March 2017, and is still going strong as one of the largest investments in my portfolio.

Today Squirrel has a community of 854 investors, investing an average of $17,600 each, funding an active loan book of $15 million. Following on from my reviews of Harmoney and Lending Crowd, this article will be looking at the Squirrel platform and its returns, risks, fees, and features. Could Squirrel be New Zealand’s best Peer to Peer Lending platform?

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What I learnt – ‘Investing for Contractors’ Panel with Darcy Ungaro

I’ve recently begun listening to investing and finance related podcasts, one of them being NZ Everyday Investor, hosted by Darcy Ungaro. Last week Darcy facilitated a panel event in Wellington to discuss “financial empowerment and investing as a contractor”, featuring a smart group of panelists:

Whether you consider yourself a Contractor, Self-Employed, or an Independent Earners, this community makes up 15-20% of the New Zealand workforce. I have always been curious about contracting, having worked alongside them since the early days of my career. I wondered how could investing for contractors differ from investing for employees?

Given my curiosity, my friend and I registered for the event via Eventbrite, and we went off to the Urban Hub offices on Lambton Quay for an evening of learning and free food! In this article I’ll cover what I learnt at this panel event along with some of my thoughts.

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Smartshares vs Simplicity vs AMP vs Kernel – NZ Share Index Fund shootout

Index funds that invest in New Zealand shares are a fantastic investment to choose when beginning to invest, or for existing investors to use in their portfolios. They are easy to access and provide instant diversification in our familiar home market, with reasonable fees, and potentially come with tax advantages.

The hard part is deciding which NZ Share Index Fund to invest in – for example, What’s the difference between the Smartshares NZ Top 50 ETF, and NZ Mid Cap ETF?? To make things even harder, there are sometimes multiple ways to buy the same fund – for example, the Smartshares NZ Top 50 ETF can be bought from Smartshares directly, as well as InvestNow, Sharesies, ASB Securities, and SuperLife.

This article will take a look at the various NZ Share Index fund options, the different channels you can buy these funds through, their fees, and other considerations. Which one should you invest in?


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What happens to your money if InvestNow or Sharesies go bust?

When thinking about investing your hard earned money, it is understandable (and a good thing!) to question whether the investment provider you want to use such as InvestNow and Sharesies is safe. Common concerns include:

  • What happens if the service I use goes out of business?
  • Is this service safe and trustworthy?
  • Could this service run away with my money?

Thankfully local investment providers have measures that help keep your money safe, many of which are required by strict New Zealand regulations. This article will provide an overview of how New Zealand investment providers look after your money, looking at a few scenarios including what happens if a Fund Platform or Fund Manager goes bust, and how you would get access to your money if the worst was to occur.


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What I’ve been investing in – October 2019

What I’ve been investing in is a monthly series covering what investments I’ve made during the month, and any investing related news that I’ve found interesting. In October 2019, Extinction Rebellion protestors blocked the streets of Wellington’s CBD, fire ripped through the SkyCity Convention Centre, and Diwali was celebrated on the 27th. In terms of investments, this month seems to have a bit of a KiwiSaver theme!

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What I learnt – Foxplan ‘Grow Your Wealth’ Investment Workshop

I first heard about Wellington based financial planning firm FoxPlan a few years ago when a couple of their advisers tried to add me on LinkedIn. I ignored them, like with most strangers trying to add me, but fast forward to this year I came across a FoxPlan workshop on event website Eventbrite. I decided to register to see what FoxPlan were all about, and for this event I brought four of my friends along with me – not the most conventional place for a social gathering!

It was going to be a long evening, with the workshop running from 5pm to 8pm in their Courtenay Place office. It was hosted by FoxPlan founders John and Sally Killick, along with Financial Adviser Dieter. In this article I’ll cover what I learnt in this workshop along with my thoughts.

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No Sharesies, No worries! A guide to investment services in Australia

Whether it be the ANZACs, the great sporting rivalries, or just fighting over who invested the lamington, New Zealand certainly has close ties with our neighbour, Australia. We are close enough that a massive number of brands and companies like Bunnings, Harvey Norman, Ryman Healthcare, and Xero have a strong Trans-Tasman presence. Unfortunately, this isn’t the case when it comes to investing services – you won’t find your favourite platforms like Sharesies, InvestNow, Hatch, or Simplicity across the ditch. Crikey!

In this article Money King NZ will be taking a trip to Australia, providing an overview of some of the popular investing services from across the ditch. Whether you’re one of the 20,000 Kiwis moving there every year, one of the 650,000+ Kiwis already living there, a keen Aussie wanting to start investing, or just curious, this article is for you. No Sharesies, No worries!

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InvestNow vs Sharesies – Ultimate Fund Platform showdown and review

Pak’nSave vs Countdown. Cadbury vs Whittakers. Air New Zealand vs Jetstar. There are heaps of great rivalries around NZ and the world, and InvestNow vs Sharesies is one of them when it comes to the NZ investing scene.

Both platforms continue to cause confusion as many investors struggle to decide which to use – the choice as not as easy as deciding between Cadbury and Whittakers! They are both fund platforms providing investors easy and cheap access to a large range of funds, but digging deeper uncovers many differences. So here’s a comprehensive look at both platforms to help you decide which is best for you.

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What I learnt – NZ Shareholders’ Association ‘Money 101’ Seminar

Last week was World Investor Week, and the Wellington branch of the New Zealand Shareholders’ Association put on a free investing seminar. The theme was use it or lose it – use your money wisely or you’ll end up frittering it away! The speaker was Baubre Murray, a Chartered Accountant, and experienced investor, who presented to a packed out room in the NZX offices on Wellington’s waterfront.

I wasn’t planning to go to this event, but after I saw this advertised on my Facebook News Feed, I felt hungry for more free food and thirsty for more investing knowledge. And as a result you get a bonus Money King NZ article this week, in which I’ll be covering the key points of the seminar, so hopefully you learn something new!

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What taxes do you need to pay on your investments in New Zealand?

Tax might be the biggest expense you’ll pay over your lifetime. And you wouldn’t be alone if you said that tax is the most confusing (and perhaps the most boring!) expense you pay, particularly when it comes to tax on your investments.

I’ve gone down the rabbit hole and combined my knowledge of tax with research from various sources, and the result is this article, a general overview of how different types of investments are taxed in New Zealand. In many cases, it’s not as daunting as it appears to be!

Before reading any further, it’s important to understand that the content of this article is very generic, and geared towards individuals who are New Zealand tax residents. Tax is really complicated, this article doesn’t cover every rule and scenario, and the information here may apply differently from person to person, depending on their personal circumstances.

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