Posted on

What would you do with 50 Million Dollars?

What will I do with the 50 Million lottery Windfall…

Written by R. A. Stewart

That is if I win the thing and I am more likely to get struck by lightning on a fine day than win that thing, especially since I don’t buy a ticket; well, since the pool reached over 50 million dollars for the first time and this particular draw was terminating, which by law, it had to be once it reached 50 million, guess what I did? I bought a ticket for the first time in years., just to give me an interest. 

What would I do if I had won the jackpot?

First of all I would put 50 grand into my nephews and nieces who belong to the kiwisaver retirement scheme. When one is purchasing their first home they are able to access part of their kiwisaver for a deposit on a home. 

They can also access their kiwisaver for a bond if renting but this is only applicable to under thirty year olds.

My nephews and nieces are Toni, Nicholas, Shanae, David, Nick, Kyle, Simon, Hannah, Adam, Cori, Daniel, and Maria.

I would extend this to the next generation down.

Those who are not in kiwisaver would be setup in kiwisaver and receive $10,000 a year for five years to make sure they received the government tax credits each year. After five years they should have enough sense to realise that they need to contribute at least $1040 to receive the full government money.

Anyone who refuses to join kiwisaver under these circumstances don’t deserve to be the recipient of such generosity and sadly there are some who are so thick they will not even bother.

For every one I would buy Frances Cook and Mary Holm’s books on personal finance. I own a copy of their books and highly recommend them. I would also pay for some family members to get financial advice from a financial advisor.

I would also purchase houses and cars for family members who need them.

The rest of the money will be invested and the returns on that investment will be used to do whatever I want to do with the money.

There are plenty of charitable organisations near where I live which could do with the money so I would turn my attention to them and give some of it away.

The Miner’s Hall restoration project needs a million or so to complete the project which they are undertaking.

I have not even given any thought to any overseas travel yet. This would be well down on my priorities, well until I have taken care of family members.

Which kind of reminds me; you had better not fall out with family members because they might be the ones who win the next big power ball draw.

About this article: You may use this article as content for your blog/website, or ebook. 

Check out my other articles on www.robertastewart.com

Posted on

Which shares should I buy in 2022?

Which are the best stocks to take a punt on in 2022?

Here are my tips:

Written by R. A. Stewart

2022 is nearly here and those of you who like to have a dabble on the sharemarket through using those micro investment apps such as Robinhood in the US or Sharesies in New Zealand giving some thought to which shares are most likely to outperform the market. 

It is hard for the ordinary man in the street to pick a stock that is likely to do well for the simple fact is that the same information you are using to base your predictions on is available to everyone else. Still there is no harm in trying. There is a certain amount of satisfaction in making your own selections as there is from selecting your own horses to back in the Melbourne Cup without relying on the newspaper tipsters.

Without further ado, here are my tips:

Fonterra

Despite being blamed for climate change, this is my number one company for 2022 because there is always a demand for dairy products, and with Christopher Luxon being appointed as National Party leader, it has become more likely that National could steal the next general election due in 2023. This current government, led by Jacinda Ardern, has anti-farming policies which is really just biting the hand which feeds us since farming brings in so much export earnings.

Spark

Spark is my second tip. This is more than just a phone company. They also have contracts to televise certain sporting events. 

Genesis

Genesis is an energy company. We all use power so I see no reason why this will not remain a steady stock. Trustpower and Meridian Energy are other power companies worth investing in.

Fletcher Building

A great New Zealand company. New Zealand is in a building boom due to the need for more houses. Problem for Fletcher though is that the demand for timber is outstripping supply.

Ryman Healthcare

The retirement industry is big business and so those companies which provide services to the elderly should flourish in the next decade and Ryan is one of these.

Companies to avoid:

With so much uncertainty in the tourism industry, any company involved in tourism and hospitality is best avoided as are most retail companies as the internet is affecting sales, though one exception could be Wrightsons which is a farming retailer.

Media and TV stations also have challenging times ahead as viewers get their information online.

Sharesies

Sharesies makes it possible for anyone to get into buying and selling shares. It is an online share market platform where you have the option of purchasing shares in individual companies or in various funds (managed/mutual funds). You can even start with $5. This is a no brainer because it gives investors young and not so young the chance to improve their financial literacy. There is certainly no substitute for experience when it comes to learning and this is applicable to everything else, not just investing.

Join sharesies here: https://sharesies.nz/r/377DFM

Note: This article is of the opinion of the writer and does not represent financial advice.