Would-be first home buyers giving up, and turning to shares
Canstar Consumer Pulse Report 2022:
– Fewer potential first home buyers
– They think it will take longer to save a deposit
– Fewer stay with family while saving, and fewer expect family help with buying
– Meanwhile, share investing grows, especially among younger people
Some shocking results in survey on New Zealanders’ finances
Canstar Consumer Pulse Report 2022:
– More than half spend more than they earn — especially young
– 2/3 don’t have enough rainy day money
– Nearly ¼ don’t save anything
– Only 45% are debt-free, excluding mortgages
How you might change your habits.
What to do about the 2 big investment worries — inflation and wobbly sharemarkets
– Short term — who knows?
– Take the long-term view
– What we can learn from this
Why comparing returns on rental property and shares is tricky
– A recent example…
– … But borrowing (aka gearing or leveraging) changes comparisons
– The worst that can happen with an investment
– How geared rental property can go wrong
– What about your own home?
– Update from last time on my single shareholding
Dividend reinvestment — how to grow your shareholdings painlessly:
– Mercury Energy has just started a plan — why I signed up
– Other companies that offer them, and a couple that don’t
– Why take part? Costs, convenience, dollar cost averaging
– When not to: Use dividends for income, concentration of shareholdings
Why EVERYONE should be in KiwiSaver, and how to do KiwiSaver best
– Why it’s very hard to beat
– Not contributing?
– Works well for over 65s
– Check “Getting a KS WOF” here. Get it right and then you can leave it alone for years
– Default funds now very attractive
– KiwiSaver for children
Did you pass the test?
– What happens when share market wobbles
– Younger investors more prone to making bad moves
– Don’t try to time markets, research shows
– House prices wobble too — and returns not always as good
– Conclusion — if you move, stay moved!
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!