When markets wobble, should investors take action or stay the course?

In this episode, Tim and Rory unpack the difference between market signal and market noise. From breaking news and social media panic to global events like the GFC, Covid and market crashes, they explain why emotional reactions can derail long term financial success and what investors should focus on instead.

(00:00:26) Intro: Separating market facts from market noise

(00:01:24) Understanding the difference between signal and noise

(00:02:11) Why investor emotions can lead to poor decisions

(00:03:11) The risks of reacting to headlines and market volatility

(00:05:01) When to review your KiwiSaver and investment settings

(00:06:33) Why market downturns can benefit long term KiwiSaver investors

(00:07:55) The challenge of sticking to a financial plan during uncertainty

(00:09:01) Key takeaway: ignore the noise and focus on long term goals

• Rory O'Neill is a Financial Adviser as well as the Director and General Manager at Stewart Group, a Hawke's Bay and Wellington-based CEFEX-certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance & KiwiSaver solutions.

The Adviser Talk is available on all major streaming platforms, including Spotify and Apple Music.

The information provided, or any opinions expressed in this show, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visiting our website, www.stewartgroup.co.nz

Hosted on Acast. See acast.com/privacy for more information.

Why do some IPOs create wealth, while others destroy it? And what can investors learn from the difference?

In this episode, Tim and Nick take a closer look at both global and New Zealand IPO experiences, highlighting the contrast between stable, infrastructure backed investments and high growth, high risk ventures. The discussion reveals how timing, business fundamentals, and investor expectations all play a role in determining outcomes.

But the conversation goes beyond markets. It also tackles a deeper and often overlooked topic, society’s reaction to wealth and success. Why do we celebrate achievement in some areas, yet question or criticise it in others? And what does this mean for how we think about value creation over time?

Bringing together practical investing lessons with broader economic thinking, this episode encourages a shift away from short term thinking and headline driven decisions, towards a more patient, disciplined, and long term approach to building wealth.

Episode timestamps:

(00:00:29) Episode introduction and themes: IPO hype vs wealth creation and envy

(00:01:39) The first IPO in history and lessons for modern investors

(00:03:33) SpaceX valuation and balancing vision with financial reality

(00:03:49) How IPO pricing works and why early volatility occurs

(00:06:25) IPO performance reality: why most underperform the market

(00:09:11) Why investors chase high profile IPOs despite the evidence

(00:10:57) Key IPO insight: understanding who is selling and why

(00:11:07) Why companies go public: liquidity, profile, and raising capital

(00:13:33) Case study comparison: My Food Bag vs Port of Napier IPO

(00:16:23) Investor discipline: due diligence vs fear of missing out

(00:17:55) Portfolio fit and being cautious about IPO exposure

(00:19:24) Shift in discussion: wealth creation, success, and public perception

(00:20:26) What sparked the “envy” article after SpaceX IPO reaction

(00:21:33) Paper wealth vs realised wealth explained

(00:24:48) Envy, perception, and valuing success in society

(00:25:48) Wealth creation impact: how success benefits many people

(00:29:13) New Zealand perspective: focusing on growing the economic pie

(00:33:54) Capital flight and why success needs to be encouraged

(00:36:01) Judging wealth by long term impact, not headline figures

(00:36:59) Andrew Carnegie example and lasting legacy through philanthropy

(00:39:00) Key takeaway: long term thinking, stewardship, and positive mindset

The Adviser Talk is available on all major streaming platforms, including Spotify and Apple Music.

• Nick Stewart (Ngāi Tahu, Ngāti Huirapa, Ngāti Māmoe, Ngāti Waitaha) is a Financial Adviser and CEO at Stewart Group, a Hawke's Bay and Wellington-based CEFEX-certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance and KiwiSaver solutions.

The Adviser Talk is available on all major streaming platforms, including Spotify and Apple Music.

The information provided, or any opinions expressed in this show, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visiting our website, www.stewartgroup.co.nz

Hosted on Acast. See acast.com/privacy for more information.

When big employers leave a region, the ripple effects last generations.

In this episode, we explore what happens when those risks are not modelled, not discussed, and not planned for at council level.

A direct and local conversation on fiscal accountability, rising rates, and why households cannot absorb endless shocks.

Time stamps:

(00:00:01) Fiscal pressure and public demand for accountability

(00:00:20) Intro and episode overview, Hawke’s Bay fiscal concerns and council response

(00:01:52) Setting the scene, why this topic matters now

(00:02:01) Missing analysis in OIA response, why no modelling is serious

(00:02:19) Rising rates versus inflation, sustainability concerns for households

(00:05:25) Council debt and borrowing for operating costs

(00:09:24) Economic risk of large employer exits and “mini Detroit” analogy

(00:11:41) Household impact of rising rates and limited shock absorption

(00:12:03) Debt levels explained, reduced fiscal headroom

(00:14:22) Budget breakdown, debt servicing and interest burden

(00:15:31) Long term risks of borrowing to fund shortfalls

(00:15:52) Potential council amalgamation and structural change

(00:17:06) Market limits on borrowing and fiscal discipline

(00:17:21) Key questions ratepayers should ask council

The Adviser Talk is available on all major streaming platforms, including Spotify and Apple Music.

• Nick Stewart (Ngāi Tahu, Ngāti Huirapa, Ngāti Māmoe, Ngāti Waitaha) is a Financial Adviser and CEO at Stewart Group, a Hawke's Bay and Wellington-based CEFEX-certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance and KiwiSaver solutions.

The Adviser Talk is available on all major streaming platforms, including Spotify and Apple Music.

The information provided, or any opinions expressed in this show, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visiting our website, www.stewartgroup.co.nz

Hosted on Acast. See acast.com/privacy for more information.