Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's strategies to stabilise your investments while the market is down. Hosted by Frances Cook, this episode is in partnership with the FMA.
Here's something that makes my investor heart happy – for the first time, there are more people invested in shares than term deposits, and most New Zealanders over 18 have at least one investment.
That's information from the Financial Markets Authority's 2022 Investor Confidence research, and it means more people are taking the opportunity to build their wealth and financial security.
Wonderful.
There is a fly in the ointment though.
Now that the market is falling and showing an unpleasant amount of red on the books, many of these new investors are feeling stomach-churning worry any time they log in to check on their money.
It's one thing to know that the market goes down from time to time, but it's entirely different when you actually experience it. Especially if it's the first time you've been through it.
For the latest podcast, I talked to Tammy Peyper, Investor Capability Manager for the FMA.
For the interview, listen to the podcast here.
- If you have a question about this podcast, or a question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here, Instagram here, and Twitter here.
- Listen to the full interview on the Cooking the Books podcast. You can subscribe on iHeartRadio, Apple Podcasts, or Spotify