One guide that all New Zealand investors should read

For years now one of the most sensible, reliable and accessible commentators on investing in NZ has been Mary Holm. She runs seminars, advises government agencies and working groups, writes a great column for the NZ Herald and is generally just New Zealand’s favourite financially savvy auntie.

New Zealanders are not always the best with financial literacy. We are often more scared than we should be of the sharemarket, we are famously not scared enough of piling ridiculous share of our wealth into investment property. We naively invested huge sums into dodgy finance companies and then the government had to bail us out to the tune of more than $1Bn!  We don’t tend to teach financial literacy at schools, except a few courses run mostly by banks, and many of us learned only the basics (or perhaps just bad habits) from our parents.

Thankfully the Reserve Bank is here to save the day.  As part of their focus on financial education they commissioned Mary Holm to write a simple booklet to make the complicated topics of saving, investing, and risk simple for everyday New Zealanders. It’s my favourite kind of book, it’s only 60 pages long, has small pages and has lots of pictures, tables and graphs to explain stuff.

Its available FREE to everybody on the interwebz right here on the RBNZ site:

https://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Factsheets%20and%20Guides/guide-upside-downside-a-guide-to-risk-for-savers-and-investors.pdf

Or, if you prefer the crisp feel of a page beneath your fingers. I have limited edition paper copy of the book that I can send out to one lucky winner. Just comment below with your saving and investing questions and I’ll randomly select one lucky winner to send the booklet to.

What’s not to love. A free book which was already free anyway.

6 thoughts on “One guide that all New Zealand investors should read”

  1. Thanks Richard. I agree with your sentiments on Mary Holm there. She’s the one person who I keep referring back to, especially her website where all manner of questions are answered. Her book Get Rich Slowly is also a great book, even though it’s out of print it’s a NZ classic personal finance book. I also enjoy her radio NZ slot every 2nd Thursday at 2pm with Jesse Mulligan. These podcasts can be accessed on her site as well.

    Wouldn’t it be great if we could do a fundraiser for Kiwi Mustachians and get Mary in to do some presentations. I’ve been along to one of her talks and she’s got just as much ‘attitude’ in real life as what comes through on her Herald column 🙂

  2. I would love to own a printed copy, I spend far too much time looking at a computer for work so much prefer paper books when I get home!
    I am reading everything I can get a hold of to try and make sense of our finances, Mary is definitely one of my favourites always having a wealth of useful information. My question is deciding when to stop paying down investment properties and start diversifying into other investments.

    1. Great question. I guess my perspective is around job security. There are far too many people with negative yielding investment properties. If it was me I’d want to see investment properties paid down to the point where they are positive yeilding and the rent covers the mortgage, rates, maintenance and a few weeks a year with no tenants that way no matter what happens with work you know your investments are secure and are not going to be a big liability and you can be confident to invest elsewhere.

  3. Thanks for sharing Richard, great to know!

    My question is – how to engage an teenage/young adult brain and open their eyes and interest into the advantages of saving and being financially savvy from a young age?

    Thanks 🙂

  4. Hey Kirsten,
    Thanks for commenting.
    I think in some ways younger people are really receptive to a frugality message. Millenials are growing up in a generation which is increasingly post consumerist and environmentalist so the idea of becoming a wage slave for 40-50 years so you can fill your life with more and more things doesn’t necessarily have the appeal that it once did. I like to direct people to Mr Money Moustache’s blog and this excellent speech he did to prove that saving and investing is actually pretty cool:
    https://www.mrmoneymustache.com/2016/10/10/how-to-be-happy-rich-and-save-the-world/

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