Stephen McFarlane with NZ Funds Private Wealth writes an excellent article on the level of financial literacy of the average KiwiSaver investor in light of the number of transfers into conservative funds when the market dropped in March. The article highlights the danger of investment decision making based on fear instead of knowledge, and the need for investors to take a long term approach.
Click the following link for access to the blog article:
https://nzfundsblog.blogspot.com/2020/10/transfers-highlight-low-financial.html
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