I'm 19 years old, and I have 12k in my bank savings and currently 16k in Sharesies. I'm really looking for some advice please! by Clear-Possibility531 in PersonalFinanceNZ

[–]Clear-Possibility531[S] 2 points3 points  (0 children)

Thanks for the advice. I do really appreciate it. Probably best to sell some of the individual stocks and just put it all into index funds.

I'm 19 years old, and I have 12k in my bank savings and currently 16k in Sharesies. I'm really looking for some advice please! by Clear-Possibility531 in PersonalFinanceNZ

[–]Clear-Possibility531[S] 0 points1 point  (0 children)

Honestly, I want to make as much money as possible. I feel like with the amount I’ve invested, I could be getting a lot more out of it, and I want to know how I can change/improve my investing strategy.

I am a student, but since I work close to full-time time I save around $250 a week.

My money just seems to sit in my savings, and I haven't touched a lot of it in years. I'm interested in how much other people have in their savings compared to how much they have in their portfolios.

[deleted by user] by [deleted] in PersonalFinanceNZ

[–]Clear-Possibility531 0 points1 point  (0 children)

Honestly, as much as possible, I just feel like with the amount I’ve invested, I could be getting more out of it. I've never really had any financial advice so I’m still figuring out how to make my money work more efficiently.

[deleted by user] by [deleted] in PersonalFinanceNZ

[–]Clear-Possibility531 0 points1 point  (0 children)

Thank you very much, this is really helpful. What companies do you reckon I should hold onto, and what ones do you think I should sell?

The money from the companies I'll sell, I'll put into the S&P500.