Cooking The Books

Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's why the sharemarket is acting strangely, and how to adapt your investing to that. Hosted by Frances Cook.There’s a weird split at the moment for those of us watching the business news. On the one hand, businesses and economies around the world are getting absolutely hammered by the fallout of Covid-19. Even in New Zealand, which has far more freedom than most other countries, unemployment is expected to rise by the end of the year. Yet when you look at the sharemarket, it’s strangely positive. After a screaming downward spiral in March, it’s now bounced up to almost where it was before, even though we’re far from done with this pandemic. Now first of all, there are reasons for this, and secondly, those reasons might impact your KiwiSaver or investing decisions. I’m the last one to tell you not to invest in the sharemarket. In fact, I’m still investing myself, through all of this craziness. But there are ways and