Business
Author, economist, investment banker and lawyer, Jim Rickards is my special guest todayInvesting in a post-pandemic world – that’s our topic. I’ve arranged to chat with Jim as he wrote a new book recently: The New Great Depression /winners and losers in a post pandemic world.2020 confirmed what I’ve been sensing for over 3 yrs now in relation to what’s coming for the everyday investor - change is coming. Specifically though, I’m talking about a different type of change –transformation. If you also believe that transformation is coming, the good news is that we can take position in it – there is something we can do. While many investors will still follow the old rules, old strategies and old tools to build wealth (btw way I myself believe this is likely still the wisest thing to do), I think, especially for my generation and younger, we need to ask a challenging question around how we’re going to build wealth in the new world: Whatever strategy you have, will it be durable, in a world of transformation to come?With equity markets even our monetary system, I think there’s a growing chance we’re either in the eye of the storm or in the calm before the storm – either way, things may soon get shaken, so perhaps investors do need thinking about how to prepare._________________________________________________________________The NZ Everyday Investor is brought to you in partnership with Hatch. Hatch, let's you become a shareholder in the world's biggest companies and funds. We're talking about Apple and Zoom, Vanguard and Blackrock.So, if you're listening in right now and have thought about investing in the US share markets, well, Hatch has given us a special offer just for you... they'll give you a $20 NZD top-up when you make an initial deposit into your Hatch account of $100NZD or more. Just go to https://hatch.as/NZEverydayInvestor to grab your top up. __________________________________________________________________The NZ Everyday Investor would also like to acknowledge the support of kōura.Most people fixate on just fees or historical returns when trying to choose a KiwiSaver fund. But professionals know there’s the third, arguably more essential component to consider - asset allocation. kōura's digital advice tools will build you a KiwiSaver portfolio that has the perfect asset allocation just for you. Of course you could also just choose your own KiwiSaver portfolio with them too. Give them a try and see what your ideal KiwiSaver asset allocation looks like for you.__________________________________________________________________Like what you’ve heard?You can really help with the success of the NZ Everyday Investor by doing the following:1- Tell your friends!2- Write a review on Facebook, or your favourite podcast player3- Help support the mission of our show on Patreon by contributing here4- To catch the live episodes, please ensure you have subscribed to us on Youtube: 5- Sign up to our newsletter hereNZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person!Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage an authorised financial adviser to provide guidance around your specific goals and objectives._____________________________________________________________________________