From Passive Income NZ …
It’s a common thought that investing in the stock market is reserved for rich people, who spend their weekend on yachts and drive nice cars. A lot of people think it is out of reach, and often too daunting to us regular car driving people.
I think index funds are the number one investment vehicle you can use to gain your financial independence. They provide you with diversification, and low fees. They are passive and the whole process can be automated. That is why I recommend you to also invest in Index Funds.
Yes the S&P 500 is an American Index tracking their biggest 500 companies. We don’t have 500 large companies to follow in NZ. So we have the NZX-50, which tracks the largest 50 NZ companies.