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Speaker 1: The sheer market's taken a big hit. In fact, apparently

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Speaker 1: it's been the biggest hit since the beginning of the

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Speaker 1: COVID pandemic. Market was down three percent. This is the

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Speaker 1: inxetics here in New Zealand with more than two billion

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Speaker 1: dollars wipe off the value. Brooke Roberts is the Charesy's

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Speaker 1: co CEO with me tonight.

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Speaker 2: High Brook, Hey, how are you? Yeah? Good?

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Speaker 1: We've been told not to touch our key we Savers,

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Speaker 1: but I know that Cheesy's investors are a lot more

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Speaker 1: active than that. You know you've got you're involved in

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Speaker 1: your own portfolios. Are people touching them? Are they selling?

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Speaker 1: What are they doing?

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Speaker 2: Yes? In terms of Kei we Saver, we've seen people,

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Speaker 2: the majority of people keep to their strategy, so they're

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Speaker 2: not moving to more conservative funds, which we heard used

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Speaker 2: to happen on other brokers. They and they're looking at

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Speaker 2: their portfolio, which is great and on our Chesey's key

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Speaker 2: we Saver, it's really transparent. You can be really flexible

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Speaker 2: in terms of what you're invest in and invest in

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Speaker 2: from different funds, from different fund managers all in one,

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Speaker 2: which is pretty good. In terms of what we're seeing

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Speaker 2: on the outside of kesaver and investing side. So we've

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Speaker 2: seen an increase in engagement. People are low in and

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Speaker 2: checking their portfolio, but again taking a really balanced approach.

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Speaker 2: We've seen trading volumes go up about thirty percent week

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Speaker 2: on week past week, net records in terms of shares

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Speaker 2: being transferred into shares these from other brokers, net buying,

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Speaker 2: So people are being a bit more active in terms

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Speaker 2: of actively looking at their portfolio and buying and investments

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Speaker 2: into the share market.

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Speaker 1: Can you see what the you know, what your average

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Speaker 1: users account is worth and how much they've lost.

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Speaker 2: So yeah, we've got people from zero to ninety seven

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Speaker 2: years old on the platform. Will take really different approaches

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Speaker 2: to growing their health. So there's people that are actively investing,

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Speaker 2: and there's you know, active traders, and there's others that

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Speaker 2: are building their investments every paiday over time. So there's

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Speaker 2: a wide range of different returns that people experience through

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Speaker 2: the way that they behave too, because the number one

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Speaker 2: way that we create wealth is through managing our behaviors,

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Speaker 2: and especially in times like this.

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Speaker 1: Right, so you haven't seen any particular change in behavior,

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Speaker 1: you haven't seen any particular selling off or any particular

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Speaker 1: fallen in average account value.

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Speaker 2: So one thing we have started to see is a

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Speaker 2: bit more of rebalancing, so people are looking at different

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Speaker 2: markets in different eset classes. So in the top ten

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Speaker 2: buys we've seen today in gold ETF and Europe ESG,

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Speaker 2: extrage train of funds have started to pop in there,

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Speaker 2: but still the number one by is the US top

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Speaker 2: five hundred. And we're also seeing more orders for the

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Speaker 2: Australian Stock Exchange too coming through, So there's subtle differences

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Speaker 2: that in general people are sticking to their long term

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Speaker 2: investing strategy.

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Speaker 1: Okay, well this is the right thing to do, isn't

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Speaker 1: it unless you've got to get the money out tomorrow?

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Speaker 1: What's We've had market analysts telling us, you know, they're

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Speaker 1: surprised at how the scale of this, how widespread it is,

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Speaker 1: and then the selloff happening day after day. How much

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Speaker 1: longer do you think we're going to see markets taking

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Speaker 1: a hit like this?

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Speaker 2: Oh? Look, it's unprecedented times in terms of the shock

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Speaker 2: that has happened to the markets at the moment based

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Speaker 2: off the back of the tariffs and then the rippleistic

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Speaker 2: that's happening to economy. So look, I don't have a

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Speaker 2: crystal ball and can't tell you that. But what as

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Speaker 2: you mentioned earlier, You know, if you take five year

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Speaker 2: of you sm P five hundred, yet it might be

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Speaker 2: down in the last day, but it's up eighty percent

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Speaker 2: over the last five years. The A six two hundred

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Speaker 2: up thirty five percent of the last five years. So

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Speaker 2: when you take a longer term lens, there's you know,

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Speaker 2: it looks quite different to the day to day watching

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Speaker 2: the market.

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Speaker 1: Brook, Thank you for that, Brook Roberts Co, CEO at

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Speaker 1: Shares East.

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Speaker 2: For more from Heather Duplessy Alan Drive, listen live to

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Speaker 2: news Talks.

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Speaker 1: It'd be from four pm weekdays, or follow the podcast

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Speaker 1: on iHeartRadio