A 5-minute podcast with Booster principal David Beattie.
Exploring the economic and financial news, questions and thoughts of the week.
19 June 2020
Episode 20: Lemon juice does NOT make you invisible!
“A little knowledge can be a dangerous thing” said Alexander Pope in 1709. This can be particularly true when it comes to KiwiSaver, when we run the risk of overestimating our knowledge and competence in our financial decision-making. David discusses this in today’s podcast and relates it to a true story about robbing a bank and lemon juice.
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12 June 2020
Episode 19: How much do you really need to save for your retirement?
Now you have seen your estimated KiwiSaver balance at age 65 in your Annual KiwiSaver Member Statement, how much do you actually need? You might be surprised at how little you might need and therefore feel less disillusioned with your Statement number.
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5 June 2020
Episode 18: What’s your retirement number?
Although Booster has included projected retirement balances and income in annual KiwiSaver Member Statements for the last three years, this year it’s compulsory for ALL Providers to include these numbers. Listen in for some thoughts on what these numbers mean for you and what to do with them.
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29 May 2020
Episode 17: Supporting local business with KiwiSaver
Now more than ever, small to medium sized NZ businesses need our support. As you get out and about over the long weekend, you can take pride in knowing that some of your Booster KiwiSaver money is doing just that.
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22 May 2020
Episode 16: Why one well-diversified fund is all you need
Properly understanding risk versus return and effective diversification are two key investment principles that are underestimated at your peril. For professional fund managers though, this is what they do and do so well that one fund is usually all most KiwiSaver members need.
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15 May 2020
Episode 15: How much is that takeaway coffee really costing you?
As we start enjoying more spending freedom in Level 2, having some knowledge about the power of compound interest, present value and opportunity cost could make a difference to your understanding of the true cost of some of your discretionary spending patterns.
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8 May 2020
Episode 14: Cause for optimism
Bad news always dominates news headlines and economists are out in force with some dire predictions. Rather than dwell on these, here are five good reasons to be optimistic about New Zealand’s post Covid future.
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1 May 2020
Episode 13: Go easy on those takeaways
The last few weeks have forced some spending changes on all of us, particularly on discretionary things like takeaways. Some thoughts and tips on how to take advantage of these and provide a way forward with more control over your financial situation.
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24 April 2020
Episode 12: Responsible companies make more money
Research has shown us that companies that take a responsible approach to the environment, their social impact and their governance (ESG) are more likely to perform better over time than those that don’t. That’s why we have integrated ESG considerations into our investment decision-making.
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23 April 2020
Episode 11: Being responsible with other people’s money
Through ten years of engagement with the passionate members of our Socially Responsible Investment fund options, we’ve learnt a lot about responsible investing and our role as the guardians of other people’s money. This has been invaluable in shaping our overall responsible approach across all our funds.
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22 April 2020
Episode 10: Will we pay more tax?
With the government needing to borrow more money to support us through lockdown, are we all going to have to pay more tax eventually?
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21 April 2020
Episode 9: Who’s funding this lockdown?
Where does the government suddenly get all this money to support wages and businesses through this lockdown and how can they afford it?
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20 April 2020
Episode 8: Budget to pay yourself first
Our Budget builder might be just what you need to help you take back some control in these uncertain times.
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17 April 2020
Episode 7: When I’m 65
When you start thinking about living to age 90 and 65 simply being the age at which you start getting NZ Super, your investment strategy might well be very different to one that just cashes everything up.
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16 April 2020
Episode 6: The value of advice
People’s natural human behavioural biases can often lead to poor switching decisions and this is where financial advisers can come into their own and show some of their real value.
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15 April 2020
Episode 5: Stories and analogies
Stories and analogies can help to reinforce and more clearly explain good investment advice. Here are some I have always remembered.
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14 April 2020
Episode 4: Of myths and misunderstandings
The top 5 misconceptions that some people may have about KiwiSaver, along with clarifications which may help allay some unnecessary fears and provide a basis for better decisions now and in the future.
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10 April 2020
Episode 3: Regret minimisation
So you think you might be in wrong fund. Trying to time getting in and out is fraught with impossible challenges that no-one has ever mastered. Here are some strategies that will help minimise any regrets.
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9 April 2020
Episode 2: The right fund
Being in the right fund now is generally about understanding when you are planning on withdrawing a big chunk of your KiwiSaver investment account money. This is also where good personal financial advice is so valuable.
Listen to the full podcast here
8 April 2020
Episode 1: Go for a walk
Instead of constantly looking at all the negative news on economies and markets, and forecasts from ‘experts’ who think they know what’s going to happen next, be kind to yourself, go for a walk and don’t worry so much. KiwiSaver is a long-term investment account and markets always recover.
