So if you're new to all of this you may have noticed me and a lot of other finance bloggers talking about FIRE. But what is it and why do I want to achieve it? FIRE stands for Financial Independence Retire Early, it is the concept of building up enough in investments that you are paid a passive income through dividends or returns thus enabling yourself to live without working.
Emotion - it's a savvy investors worst enemy, let it seep into your decision making and you're going to end up hurt. Emotion and misplaced faith in a company are what lost me 100% of my investment. So far my worst investment yet. It was about a year into my dabbling in the stock market, so far I had purchased only large NZX50 companies such as Summerset, Air New Zealand, and Chorus. They all turned out to be solid investments and reasonably safe.
Brace yourselves this isn't one of my shorter pieces, but it's a must-read. Investing, it can be pretty daunting for first timers there is a lot to sift through and a lot to learn. So I thought I'd cover some of the basics for when you've got some spare moolah to throw around. If you're not sure how to find some spare cash start here and here.