Episode 45 ⋅ 31 January 2023
How Do I Know If My Investments Are "Safe"?
Are you worried about what happens to your hard earned assets if your investment platform goes bust? Well, you're not alone! In this episode of the podcast we debunk a few myths that come with investing as well as the regulations that help protect Kiwi investors.
Where and how you decide to invest your money can be a big decision for many. So, it's important to consider all the factors that could affect the safety (or security) of your investments – including those in the fine print.
In this episode we cover:
- A few common investing myths when it comes to the security of your money. e.g., Can I trust that my money is safer with an older investment platform (since they've been around longer) vs a younger company?
- Whether the investment or KiwiSaver provider you are invested with “steals” your money as the share markets go up and down
- How to find out if an investment platform/company is legitimate (inc. some handy resources from the FMA!)
Great resources mentioned on the podcast are:
49. 5 Timeless Money Lessons
48. How Might A Change In Gov. Policy Affect Me Financially?
49. 5 Timeless Money Lessons
You need an emergency fund!
Budgeting: how to pay yourself first
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