From a taxation perspective, if a Kiwi working full-time wants to invest passively in the stock market, would it be disadvantageous to invest in dividend-paying stocks or ETFs overseas due to the need to pay taxes in two countries? Would it be more beneficial to invest the same amount in domestic (NZ-based) stocks and ETFs?
The W8-BEN legal paperwork most NZ brokers like Sharesies and Hatch make users sign every year manages the double taxation issue. The FIF tax is the largest hindrance to investing abroad, locally registered funds (e.g. Smartshares, Kernel...) allow you to get international exposure while avoiding FIF tax rules. Hope this helps!
just started to invest , got my strategies but i dont know what stock to get you seem to know wayyyy more than me , gona follow your boat and see you got a lot to prove so i reckon you right 😀
Despite what the name of the book suggests, one of the best beginner stock investing books I've read is Girls That Invest by Simran Kaur. Great place to start!
There's been a bit of this recently - the macroeconomic situation is pretty uncertain with high inflation and interest rates. Let's hope later this year we have more certainty on where things are headed.
