The answer isn't simple. Consider the opportunity cost: if you don't invest your weekly auto deposit, it's like saving gold coins without earning interest. Unlike some other apps, NZ users lack access to high-yield intermediary funds. Therefore, investing in stocks, even at historical highs, might be a better long-term strategy.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
