Cooking The Books

Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's why you shouldn't overreact to your KiwiSaver taking a dive. Hosted by Frances Cook.It’s satisfying watching your KiwiSaver climb higher every day. You can even get it attached to your bank accounts, so that you can keep an eye on it as part of your daily banking.You watch your nest egg increase in value, secure in the knowledge you’re planning for your retirement and looking after your future.Except watching it so closely can be a terrible idea. Especially if the recent sharemarket jitters have made you nervous.The sharemarket has hit a rocky patch. In the beginning of February the S&P500 had its worst day since the end of 2016, finishing the week down 3.9 percent.When the U.S. sneezes the rest of us catch a cold, so not only is the U.S. sharemarket continuing to jump around, but so is New Zealand’s.If you think you don’t invest in shares, think again. Most KiwiSaver funds have at l