Join Tim Ewen, risk insurance manager, and Rory O'Neill, Financial Adviser, Director and General Manager of Stewart Group, as they delve into the pressing issue of the Reserve Bank's recent OCR cut and its implications for financial planning in New Zealand.

In this episode, Tim and Rory share their insights on how the OCR cut is impacting interest rates, the importance of diversifying investments, and the challenges faced by young Kiwis in the current economic climate.

The conversation covers the reasons behind the OCR cut, its contribution to national inflation, and the broader economic implications. Tim and Rory also explore the significance of setting long-term financial goals, the need for an emergency fund, and the benefits of consulting a financial advisor.

Tune in to gain a deeper understanding of how the Reserve Bank's decisions affect your finances and what you can do to navigate your financial journey responsibly.

Read the full 'Navigating New Zealand’s Economic Crossroads' article HERE

Time Stamps:

Introduction and Overview

• 00:00:59 - Introduction and overview of the podcast episode

OCR Cut and Interest Rates

• 00:01:22 - Discussion on the ongoing downward trajectory in the official cash rate (OCR) and its impact on struggling Kiwis
• 00:01:57 - The obsession with interest rates and their impact on mortgages, term deposits, and property investments

Investment Strategies and Diversification

• 00:03:17 - Questioning past investment strategies in property and their relevance today
• 00:03:44 - The dangers of relying solely on property for wealth generation and the importance of diversification

Unemployment and Economic Challenges

• 00:07:13 - Addressing the rising unemployment rate and its implications
• 00:07:39 - The impact of rising unemployment on businesses and the economy

Challenges for Young Kiwis

• 00:08:44 - Challenges young Kiwis face in home ownership and their tendency to leave the country
• 00:09:20 - The lack of opportunities for young people in New Zealand and their decision to move overseas

Financial Planning Advice

• 00:12:15 - Financial planning advice for different types of listeners

The Adviser Talk is available on all popular streaming platforms, including Spotify and Apple Podcasts. 

Rory O'Neill is a Financial Adviser as well as the Director and General Manager 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 & 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

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