NZ Everyday Investor 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?
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