Money and couples — Part 2: Survey results, and how to do it well
NZ survey:
– Young are worse
– All income groups
– Causes of money problems
Research on successful relationships:
– Debt
– Equal access
– Talking to one another
– Large purchases
Money and couples — Part 1: Economic Harm
– What it is and why it’s called that
– Who is affected (maybe half of NZ women)
– Examples
– What’s happening to reduce economic harm
– Where to get help: Good Shepherd NZ website
KiwiSaver default funds suddenly become attractive for many.
Changes could make you want to switch to these funds:
– Different providers
– Guidance to investors at life milestones
– Lower fees — as low as 0.2 per cent
– No fossil fuels or illegal weapons
– Change of risk level, from conservative to balanced
Warning to those who should stay in conservative
Don’t let providers talk you into a bad move!
Buy now pay later — good or bad?
– What is it, and how does it work?
– Some examples
– Who uses it most, and what are they buying?
– Growth in use
– Problems, and consumer protection issues
– How to use it well
Beware of the hype around IPOs (initial public offerings):
– What are they?
– Current examples
– Recent research on the 32 NZ IPOs since 2013
– Average performance: Good in first year, appalling long term
– The good ones
– The bad ones
– Conclusion: Don’t ignore IPOs. But take care
Doing KiwiSaver badly
– Not joining. Employees and non-employees.
– Not contributing.
– Switching too often or unwisely — good and bad switches
– Over 65s not using KS.
– Providers doing KS badly — not cutting fees much.
– Good news: Money in KiwiSaver doubled in 4 years.
– World Investor Week — info for new investors on FMA website.
Where are we on ethical investing?
– Different names for it, and different approaches
– NZ report from Responsible Investment Association of Australasia
– How ethical investing is growing
– NZ v Australia
– Which issues do people most care about?
– Greenwash and what is being done about it
– Watch your risk level
– 2 good websites: Mindful Money and Responsible Returns
Managing your mortgage
– Survey: Half people with mortgages are ahead on their repayments
– Penalties on repaying fixed loans early
– Why being ahead is good news: retirement savings, security, goal setting, easy “investment”
– But is this best thing to do with spare money?
– The future: rising interest rates, what to do if you can’t meet payments
– Best strategy: fixed or floating? Several terms?
Active vs Passive share funds:
– Listener’s letter suggests an active NZ fund beats the index
– Why this could be misleading – wrong index, chosen time period etc
– Research on 15 NZ active share funds
– Conclusion: passive is a better choice
Going through our Lucky 13 Money Quiz
– Questions and answers to online quiz for Money Week
– Discussion on the harder ones
– The one question few people got right — about house prices