[Weekly Wrap] Has GFC put investors off?
The most common concern is around KiwiSaver. We regularly hear that young people are missing out on potential returns because they are invested in conservative funds, rather than the aggressive or growth funds that their time until retirement theoretically allows them.
Often this is put down to ignorance or apathy. Young people, we're told, don't put the time and effort into finding out where there money is, or where it should be.
But in a story we published today, it has been suggested that many young people are choosing to avoid riskier investments on purpose. Not because they want to use their money in the near-term for an investment such as a first home, but because they've been spooked by their experience of the global financial crisis.
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