As risky as houses

By Linda Sanders In Money

Print Share
QUESTION: The sharemarket seems volatile and risky. Shouldn’t we just invest in housing instead? ANSWER: This came from a budding investor toying with the idea of starting a share portfolio. A generation – or maybe two – of New Zealanders have grown up with the idea that shares are too risky. The 1987 crash and its aftermath affected New Zealand’s economy and investors more severely than most other countries’ and a huge number swore off investing in shares. In addition, something about the Kiwi psyche seems uncomfortable with entrepreneurism. ...

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