1. Staff Muscling up
Smart Investing

2. Diversify
Mix it up
Fixed Interest – different terms and maturity dates
Property – different areas, mix of residential and commercial
Shares – different industries, company size and geography

3. NZ v Overseas shares
NZ shares are comfortable, easy, cheaper brokerage, and more accessible information BUT it’s a small, narrow market, single economy
Overseas shares have greater national diversification, wider range of industries, and greater liquidity BUT there are possible currency risks, tax complexities, and less accessible information

4. When? When should you buy? When should you sell?
Decide on your best asset allocation balance
There is no time like the present if you are in for the long term
When should you sell?
Hang in there. Don’t bail out just because things turn against you now
If the investment is just wrong for you, wrong industry, wrong mix, wrong risk

5. What does Warren say?