Supporting Money Week

John Hawkins of the NZSA

"Record low interest rates mean that leaving money sitting in bank accounts will simply not grow the nest egg you need in retirement,” says New Zealand Shareholders Association chairman John Hawkins. The secret, he says, is to have a diverse range of investments. “Selecting the correct portfolio has always been important, but is even more so in the current environment.”

The NZSA is again facilitating seminars during Money Week to help people gain the knowledge and confidence necessary to address their financial future.

Each form of saving or investing has its advantages and disadvantages. Many people are very exposed to housing, but this is a cyclical market which has slumps from time to time, just like any other, says John.

“However, there are other ways to gain exposure to the property market and a diverse range of different sectors. By investing in stocks and bonds instead of just sticking to very conservative fixed interest products, you spread the risk and grow wealth or enjoy passive income.”

The NZSA Money Week seminars will empower people to make appropriate choices.

"It is also important to realise you are not alone," says John. "NZSA is an independent, nationwide organisation set up to help retail investors. The association is known for its advocacy and public lobbying, but this is only the tip of the iceberg.

“We are very active at company, regulatory and government levels, encouraging best practice and providing input which has steadily improved the quality of the investing environment. Our purpose is to give our members the information, tools and environment to be successful,” says John.

As one of six branches across the country, Bay of Plenty offers a local programme to complement broader offerings available from the national organisation. For many, a key attraction is the chance to network with like-minded investors and benefit from their collective experience and knowledge.

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