The interesting and fun side of investing
The world of investments has been separated from other parts of our lives and assigned to people with academic qualifications. It is often treated as a matter too specialist for untrained people to look into. This is absolute rubbish – especially given that most people deal with far more complex issues such as health problems, relationships with family, getting one’s affairs in order and so on. Life is complex. Life is personal. Life has huge variables.
Interestingly, there is a big push in New Zealand to use large organisations to manage your money. Some are very good. Some not so good. The biggest risk for New Zealanders when it comes to entrusting their finances into the hands of someone else is to think “someone else is looking after this for me”. It’s beneficial that everyone take an active role in their finances in the same way they take care of their personal health. For your health, at a minimum you see a doctor and perhaps even specialists for medication, vitamins, diet and exercise. Investments requires this same thought and management – you should take an active interest in your financial wellbeing and your money in the same way you use health professionals you should use financial professionals. There is no need to know everything, but working on building your knowledge will help you understand what the professionals are recommending and allow you to agree or disagree on any particular recommendation.
So, how can you arm yourself with more financial information? One of the most important keys to learning is to be interested in a subject. And it’s easier to become interested in a subject by finding an interest that you can relate to. An excellent resource for this is IRG Yearbook. The yearbook offers financial information and includes the interesting background details which makes this often dry subject much more palatable.
Top interesting topics in IRG Yearbook:
Gentlemen
If you’re a gentleman who loves cars, have you ever thought about the financial position of Daimler Benz, BMW, or New Zealand companies like Turners Ltd, Colonial Motor Company? If you want to learn more about these vehicles and the companies, the IRG Yearbook will give you a one-page summary, which allows you to understand more.
Ladies
If you’re a lady who has an interest in fashion and cosmetics, you have probably seen the New Zealand brand, Trilogy. You probably know Louis Vuitton and Prada. If you go to the IRG Yearbook you get a one-page summary of these companies.
Technology
If you’re interested in technology, you might want to learn more about companies such as Facebook, Microsoft or New Zealand companies, Xero and Pushpay. As well as finding out which tech companies are the most successful, the one-page summaries in the IRG Yearbook will help you understand more about the ins and outs of these businesses.
Investors
For most investor matters, like dividend yield, capital growth and risks, the IRG Yearbook has many of these details in an easy-to-read format.
To find out more about investing or to become and active investor, take a look at www.sharechat.co.nz website. It’s a free service that allows you to see the company’s announcements as they happen or “After the Bell” (end of day summary).
If you want to read up on all things investing and discover how fun it can be to dive into all of the knowledge available, investing in an IRG Yearbook is another good option. You will be able to imbue yourself with fun facts such as, who owns the car brand Jaguar; who owns New Zealand’s largest listed honey business and so much more.
For further information on Share Chat or to get a copy of an IRG Yearbook, visit www.sharechat.co.nz or www.irg.co.nz today.
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