NZ Everyday Investor US Bank Failures / News of the Money-World Ep 62
New to the story around SVG, Silvergate, and Signature, then check out this article!
Worrying about a bank run is not advisable, especially considering how well positioned they are now. New Zealand banks fared well in 2008 and from what I hear, they sound super profitable. As an investor, continual market awareness is a small price to pay for insurance against uncertain times though. If you have faith that in the long term, a traditional approach to investing is a prudent strategy (and that’s a pretty safe bet btw!) this really should cause you no concern whatsoever. Having said that, many local commentators often remain silent on a risk we all quietly worry about. There’s a blind spot everyday investors have as a result: No one talks about the risk of systemic failure of the banking system. It’s not a profitable concern for one’s own career in this field, but I believe we should be framing a diversification discussion using old and new, alternative forms of decentralised money. Read more here
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News of the Money-World! An informative, quirky, and curious look into current financial events that may affect you, the everyday investor.
News of the Money-World is a joint podcast venture between Ungaro & Co Financial Advisers, and kōura Wealth Limited.
kōura Wealth Limited (kōura) is the issuer and manager of the kōura KiwiSaver Scheme. The PDS is available on the website http://www.kourawealth.co.nz.
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