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@pauline56 Again it’s all about context. $100K might be a lot to you, but if someone already also has 900k in cash, then it’s only 10% of the portfolio. $5M in cash would mean it’s 2% of their portfolio. Furthermore flexibility needs to be taken into account. You may 100% need that $100K in 12...

@pauline56 OP roughly has a 70-75% chance (I.e more likely than not) that the money allocated to s&p500 will return better than TD. It’s just a risk/reward OP is willing to take at the chance that the stock market may not flop. And if it does he doesn’t care.

@pauline56 We don’t know how much OP already has on TD. Could be 1-1.5M. If so then 100K in S&P is hardly a risk. Worse that could happen is what it drops to $30K? Don’t think that’s life changing for OP. Best that could happen, it gains more than the TD rate? We also don’t know if OP will be...

@the_family_monastery Don’t know why you’re downvoted OP. So many people default to “short term - definitely not shares” without looking at context of the situation. It’s a bandwagon thing where people don’t think critically and just copy others. In your situation yeah it can make sense to...

@garrettholliman2001 That’s a very good point! That’s why I liked Mary Holm’s book as it’s specifically for New Zealanders. Though I feel like majority of the concepts from the other books are still relevant for an NZ investor. Are there any specific parts you think as New Zealanders we should...

The Simple Path to Wealth - J. L. Collins The Psychology of Money - Morgan Housel Rich Enough? - Mary Holm If anyone has any favourite books to share feel free..