Hannah McQueen has been running enable.me for more than 15 years, and in that time has seen a huge change in the number of people who own shares. The sharesies/hatch/DIY investor revolution means many people have a portfolio when previously it was only those who had significant wealth, or a personal passion, who did. 

The problem is there are more and more people randomly selecting shares, rather than investing strategically, or in a diversified way. FMA research shows a decent number of people invest due to FOMO or because someone said it was a good idea, without doing any research themselves – and our observations echo that. 

As a learning mechanism, or a bit of fun – great – but for most people the margin for error to land them where they need to be for retirement is too small to invest too much that way. 

It’s not a dig at investment platforms – just a warning that there are risks to directing too much of your investment funds in a scattergun approach. I liken it to picking the route before you’ve identified the destination – who knows where you’ll end up. 

LISTEN ABOVE

Hannah McQueen has been running <a href="https://www.enable.me/">enable.me</a> for more than 15 years, and in that time has seen a huge change in the number of people who own shares. The sharesies/hatch/DIY investor revolution means many people have a portfolio when previously it was only those who had significant wealth, or a personal passion, who did. 
The problem is there are more and more people randomly selecting shares, rather than investing strategically, or in a diversified way. FMA research shows a decent number of people invest due to FOMO or because someone said it was a good idea, without doing any research themselves – and our observations echo that. 
As a learning mechanism, or a bit of fun – great – but for most people the margin for error to land them where they need to be for retirement is too small to invest too much that way. 
It’s not a dig at investment platforms – just a warning that there are risks to directing too much of your investment funds in a scattergun approach. I liken it to picking the route before you’ve identified the destination – who knows where you’ll end up. 
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.