Why is it important to consider investing for my kids?
Compounding returns! It’s a kid’s best friend, so the earlier you start investing on their behalf, the better off they’ll be when they need it. Any parent who took advantage of the $1000 KiwiSaver kickstart on behalf of their kids (which the government removed in 2015) and then regularly contributed over the years will know that. From birth, $1000 invested with $5 a week regular contribution over 18 years could be worth more than $9000 before tax and fees (nearly $6000 after factoring in 2% annual inflation), assuming a 4.5% annual rate of return. Compounding returns is when returns are earned on both the principal amount and any accumulated investment earnings generated by that principal amount. It is an important concept in investing and can help your money grow faster over time.
Where do I begin?
Diese Geschichte stammt aus der August 14, 2023-Ausgabe von New Zealand Woman's Weekly.
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Diese Geschichte stammt aus der August 14, 2023-Ausgabe von New Zealand Woman's Weekly.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Sweet SUCCESS
Delicious twists on traditional favourites
Calzone CRAVING
Anything you can put on top of a pizza can go inside these air fryer Italian turnovers
Kai & kindness - ‘OUR RECIPE FOR A GOOD LIFE'
The foodie and her brother have dished up a cookbook full of comfort
Kia Ora Dame! 'I HAD A BIGGER PURPOSE'
It could have taken a toll on her, but Naida's phone greeting started a legacy
Dame Hinewehi's healing haka - 'IT'S GOING TO CHANGE LIVES'
Beating a world record is personal for the music therapy founder
Unbreakable Mamie - 'I'M READY TO FAMOUS!' BE
The TV star and model is excited about what the future holds
Below Deck detective - CAPTAIN LEE'S SEA CHANGE
The superyacht hero's family tragedy has led him to navigate scary waters
Swings & roundabouts - OWEN'S BIG KID PROJECT
Playtime's a whole lot more fun thanks to the radio host
Haunted by tragedy - KATE'S SHOCK LOSS
The star is still dealing with the death of her dad when she was aged four
Top-secret royal plan - BRINGING HARRY HOME
Disillusioned with life in the US, the prince is reaching out to friends in the UK