Bit of an old post to reincarnate here, but while it's here thought I'd answer your question re: better options.
Broadly diversified investments in the stockmarket - NZX50-tracker, or such.
Narrowly diversified investments in the stockmarket - Specific investments in 4-10 stocks NZX, perhaps including property stocks
Diversified Peer to Peer Lending - Harmoney claims a 12% return after fees and defaults.
Deposit on a property worth $250-$500k
All seem to be better options to me. The P2P lending is a new concept and as yet unproven in New Zealand, but it's been going well for me for the last few months; only have $10k in there so far.
Broadly diversified investments in the stockmarket - NZX50-tracker, or such.
Narrowly diversified investments in the stockmarket - Specific investments in 4-10 stocks NZX, perhaps including property stocks
Diversified Peer to Peer Lending - Harmoney claims a 12% return after fees and defaults.
Deposit on a property worth $250-$500k
All seem to be better options to me. The P2P lending is a new concept and as yet unproven in New Zealand, but it's been going well for me for the last few months; only have $10k in there so far.
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