Market timing and why being a lemming is one of the worst things you can do with your Kiwisaver.
Transcript of Intro
So it's the same thing in terms of hysteria people when they see this
craziness of buying all this water or seeing the news and they start freaking
out. They start jumping on that bandwagon. The common thing in our
industry is you probably hear people trying to do market timing so I wonder
if you could talk a bit more about that? About some people may be talking
about changing their assets from growth to more of a conservative and why that's
a big mistake.
Beauty lies in the action of living your every day.
freedom is knowing it'll still be there tomorrow
Well I did get a phone call in respect of someone thinking about moving their
Kiwisaver from a growth arrangement to a more conservative arrangement and this
particular person was still in paid employment, they wouldn't be looking to
retire possibly for another 10 to 15 years and it would have been a huge
mistake. There's going to be and is volatility in the investment markets
because people can act irrationally it's the fear arrangement. The fear that
something terrible is going to happen so I better get in quick and cut my