1 00:00:00,080 --> 00:00:03,320 Speaker 1: We are being urged I note again to quote unquote 2 00:00:03,440 --> 00:00:06,440 Speaker 1: break up with property. We are urged this way once 3 00:00:06,480 --> 00:00:09,000 Speaker 1: every few years. It's a theme. It's based, not unreasonably 4 00:00:09,039 --> 00:00:11,320 Speaker 1: really on the idea that we could take our money 5 00:00:11,720 --> 00:00:14,120 Speaker 1: and make it work differently, if not more productively, than 6 00:00:14,160 --> 00:00:16,360 Speaker 1: it does in a house. Now. The latest iteration comes 7 00:00:16,360 --> 00:00:18,919 Speaker 1: from a blow at Craig's Investment who suggest if you 8 00:00:18,920 --> 00:00:20,680 Speaker 1: put one hundred dollars into a house in thirty years, 9 00:00:20,720 --> 00:00:22,400 Speaker 1: it's worth about six hundred bucks. But if you'd done 10 00:00:22,400 --> 00:00:24,560 Speaker 1: it with shares, it'd be worth about eleven hundred dollars. 11 00:00:24,960 --> 00:00:27,520 Speaker 1: Not just that, but the country would be better off. 12 00:00:27,560 --> 00:00:29,320 Speaker 1: Those dollars would have been out and about. They would 13 00:00:29,360 --> 00:00:32,600 Speaker 1: have been investing in staff, growing staff, creating jobs, opening markets, 14 00:00:32,600 --> 00:00:34,640 Speaker 1: making the world a better place. They may well be 15 00:00:34,680 --> 00:00:37,000 Speaker 1: true troublers. That's a long term view, and most of 16 00:00:37,040 --> 00:00:38,720 Speaker 1: us don't have long term views. The view most of 17 00:00:38,760 --> 00:00:41,080 Speaker 1: us have is what's happening to New Zealand shares so 18 00:00:41,159 --> 00:00:43,159 Speaker 1: far this year? Well, the answer is they've gone backwards. 19 00:00:43,640 --> 00:00:45,800 Speaker 1: Yet to date they're down one point four percent. Mind 20 00:00:45,800 --> 00:00:47,800 Speaker 1: you look at housing. It's hardly booming though, is it. 21 00:00:47,880 --> 00:00:50,800 Speaker 1: But if you want a glass half full. Shares in 22 00:00:50,800 --> 00:00:52,800 Speaker 1: New Zealand in the last five years are up almost 23 00:00:52,840 --> 00:00:55,840 Speaker 1: ten percent. Houses most certainly are not up ten percent 24 00:00:55,880 --> 00:00:58,080 Speaker 1: in that same period. It may change with time. Now 25 00:00:58,080 --> 00:00:59,600 Speaker 1: this is the interesting part. It may change with time. 26 00:00:59,600 --> 00:01:03,040 Speaker 1: See our children start a buying shares while they're still 27 00:01:03,040 --> 00:01:05,640 Speaker 1: at university. They're of the generation that believes also they're 28 00:01:05,640 --> 00:01:08,040 Speaker 1: never going to own a house, which isn't of course true. 29 00:01:08,360 --> 00:01:10,959 Speaker 1: They will, but they've also got a portfolio. But the 30 00:01:11,040 --> 00:01:14,360 Speaker 1: perception could be the key. If housing is perceived to 31 00:01:14,360 --> 00:01:19,199 Speaker 1: be unobtainable, what is obtainable, Well, maybe shares, but credibility 32 00:01:19,240 --> 00:01:21,160 Speaker 1: is an issue also. I mean, shares can be blue chip, 33 00:01:21,200 --> 00:01:24,240 Speaker 1: can't they Or they can be mean type stock if 34 00:01:24,280 --> 00:01:26,480 Speaker 1: you're following the Sydney Sweeney nonsense. At the moment, you 35 00:01:26,520 --> 00:01:29,640 Speaker 1: can invest or you can punt stock can be priced 36 00:01:29,680 --> 00:01:31,880 Speaker 1: to perfection, or it can be solid as a rock. 37 00:01:32,360 --> 00:01:34,560 Speaker 1: You can be in F and P Healthcare when COVID arrived, 38 00:01:34,800 --> 00:01:37,039 Speaker 1: or you can be in their New Zealand when COVID arrived. 39 00:01:37,440 --> 00:01:39,640 Speaker 1: It requires a lot, whereas a house is a roof 40 00:01:39,680 --> 00:01:41,000 Speaker 1: and a shelter and a thing you can show you 41 00:01:41,040 --> 00:01:43,240 Speaker 1: mates and have a barbecue at It's simple. Houses are 42 00:01:43,280 --> 00:01:45,720 Speaker 1: easy and they hardly ever lose money over time. To 43 00:01:45,760 --> 00:01:48,600 Speaker 1: get people to shift, especially when it comes to money, 44 00:01:48,640 --> 00:01:52,280 Speaker 1: the pitch has to be compelling. But in an uncertain, 45 00:01:52,560 --> 00:01:54,880 Speaker 1: crazy old world, which it is at the moment, is 46 00:01:54,880 --> 00:01:58,760 Speaker 1: a stock market really that compelling. For more from the 47 00:01:58,840 --> 00:02:01,840 Speaker 1: Mic Asking Breakfast, listen live to News Talks at B 48 00:02:02,000 --> 00:02:05,720 Speaker 1: from six am weekdays, or follow the podcast on iHeartRadio.