23rd Jan 2019
“Why Diversified Funds need to be on the investment supermarket shopping list”
Everyone knows the proverb “don’t put all your eggs into one basket”. My mother’s interpretation, when growing up through the depression and war years, was don’t put all your savings into one bank.
The proverb, could have saved many New Zealanders from losing their savings in the 1987 Share Market Crash. Much of that outcome (which was significantly worse in New Zealand compared to other countries) was around lack of regulation, transparency and greed …