The FMA has put together some tips on how you can look after your hard-earned savings and protect your wealth in 2022, the Year of the Tiger.
Check your investments and insurance policies
It’s important to check what fund you’re in because it could mean a difference of thousands of dollars at retirement.
Insurance helps provide peace of mind if the unexpected were to happen but it’s important to review it regularly.
If you’re investing, watch out for scams
Scammers are active in the community and are increasingly using more sophisticated techniques to trick New Zealanders out of their money.
Protect yourself – and remember to stay calm
Share markets rise and fall, which is a normal part of investing. The next market event could happen at any time, and it might take a few years for markets to recover from a downturn. History shows us that markets can and do come back – but it might take time. Read more about share market volatility.
Before that happens, there’s a few things you can do to make sure you and your investments are best positioned to weather any potential ups and downs.
For more information, visit the FMA’s website: