PMG | THINKBOOK
INVESTING
Investor Stories
WE SPOKE WITH FOUR PMG INVESTORS TO FIND OUT ABOUT THEIR INVESTMENT JOURNEY TO DATE AND THEIR THOUGHTS TO THE NEXT GENERATION ON PLANNING FOR THE FUTURE.
4 MEET PAUL What do you wish you knew back when you made your first investment?
“I started off making investments maybe 20 years ago, in my early 20s, which involved forestry shares and shares in a number of businesses. The decisions weren’t completely uninformed but I could have done more research. “I would have put more importance on getting the right advice [from someone like a financial advisor]. It comes down to having a better understanding of what your desired outcome is and your reasons for investing, rather than the short-term performance requirement.”
4
What age would you recommend alternative investments to KiwiSaver?
4
Why is commercial property an important part of your investment portfolio?
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“There are so many different options out there with different profile risks and returns, and so many different opportunities to invest in at an earlier age. Rather than saving sums of money in banks, I feel it’s a lot more prudent to seek early advice and invest sooner. As soon as you start saving, I would start looking at the options.”
“The commercial component is to do with income and building a liquid asset base. Like most people, I’ve got a mortgage and a house, some other Kiwi-type investments, and a few other things that aren’t very liquid, so having a liquid asset is important so I can move the money around if I need to.”
