Financial Literacy: Are We Heading The Wrong Way? Ep 274

I thought we were doing so well when it came to growing money-smarts in NZ, so when I read the report Money and You: Investing in Volatile Times, I was really surprised to see we’ve taken a step backwards. This year, relative to last year, less NZ’ers understand the relationship between risk and return, how different types of investments have different risk profiles, and how current investment themes or trends may affect performance.

Perhaps the growth in money smarts I thought I was witnessing over the last 2 years

especially, was more a symptom of an exuberant market place, rather than progress made by everyday investors? I’m not happy with this explanation.

Richard Klipin, is the chief executive of the FSC (Financial Services Council of NZ), a non-profit member organisation with a vision to grow the financial confidence and wellbeing of New Zealanders.

I suspect somewhere between the vector of direct observation, and the data, lies an image of reality. Looks can indeed be deceiving, so every now and then, looking at the data is important. The good thing about how we've potentially taken a step back in this space though, is that you and I have a bit more learning to do together!

Hey! Can we have a little chat?

If you're picking up what I'm putting down, help me build the Everyday Investor community!

1 - Spread the word! Write a review anywhere you can, share posts on social media, vote for Pedro!

Share this Spotify link to your best friend now.

2 - Use the following referral/affiliate links. There are costs bringing this podcast to you for free - every little bit received here goes straight towards costs - in some cases with these codes, I've waived any benefit so you can get a better deal.

Hatch: $10 for you, and $10 for me, if you sign up and deposit $100NZD.

Sharesies: $10 for you, and $10 for me, if you sign up for the first time.

Easy Crypto: One of NZ's most trusted places to buy/sell your digital assets. 

Sharesight: Get 5 months free when you sign up to an annual (paid) subscription.

CMC Markets: You and I both get $150 if you sign up using this link. *Note CFD's are incredibly high risk investment options(read more here)

3 - When you're reviewing your insurance plan or KiwiSaver, obtaining a mortgage or in need of financial advice, use Ungaro & Co Financial Services, the main partner of this podcast.

Want to learn more about working with Darcy Ungaro, book in a free 15-min phone call - click on this link.

Enough of the sales pitch, what else?

1 - You're my inspiration! Most topics are inspired by YOUR questions or suggestions. So, what do want to hear? Ask me anything, suggest a topic!

2 - Subscribe to YouTube to get earlier access, participate in live-recordings, and gain additional perspectives from Darcy Ungaro.

3 - Sign up to the NZ Everyday Investor Newsletter! It's a newsletter, not a sales pitch: Sign up to our newsletter here

Disclaimer: Please act independent from any content provided in these episodes - it's not financial advice, because there's no accounting for your individual circumstances. Better be safe than sorry here - Do your own research, and take on board a broad range of opinions. Ideally, engage a financial adviser and pay for advice!