From bright fishing lures to bold financial claims, this episode reveals why some private offers look irresistible and how retail investors get pulled into high-risk waters without realising it. Tim and Nick shed light on wholesale certifications, liquidity traps, and explore how behavioural biases like greed and familiarity are exploited. Find out the questions every investor should ask before they sign and the simple due diligence habits that protect everyday investors.

(00:01:46) Identifying modern investment lures

(00:02:01) Moving up the risk curve without realising

(00:03:00) Regulator warnings and real-world examples

(00:03:19) Liquidity traps and investor misconceptions

(00:04:54) Behavioural biases in investing

(00:05:39) Return chasing and historical lessons

(00:06:22) Wholesale investor certifications

(00:08:53) Private equity risks and lack of recourse

(00:09:16) Due diligence essentials for private offers

(00:10:41) Recognising too good to be true offers

(00:10:54) Fiduciary standards like Cefex

(00:13:11) Ignoring environmental and insurance risk

(00:13:25) Boringly effective investing habits

Nick's book recommendation: Jerusalem by Simon Sebag Montefiore | Paper Plus

Music: No Telling When The Muttonbirds

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 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 visit our website, www.stewartgroup.co.nz

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

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