{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5ef2973a4809863ba4dc98f3/6a0ed471a9d3d2ec14966964?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Nick on Investor Behaviour and Those Still Living in the Cave","description":"<p>Why do so many investors stick with strategies that feel right, even when the evidence says otherwise? In this episode of Adviser Talk, Tim and Nick use Plato’s allegory of the cave to explain why chasing hot funds, star managers, and market timing is so hard to let go of. They unpack the latest New Zealand SPIVA data, explore how psychology and media keep investors stuck in the shadows, and explain what stepping into the light really looks like in practice.</p><p><br></p><p>(00:00:22) Why investors trust familiar stories over evidence and data</p><p> (00:01:38) Why this topic matters and why history is relevant</p><p> (00:02:07) Plato’s cave explained and how it maps to investor behaviour</p><p> (00:05:10) What SPIVA is and what the New Zealand data really shows</p><p> (00:06:44) Active vs passive in NZ markets, home turf still underperforms</p><p> (00:08:40) Human nature, pattern seeking and why investors believe they can win</p><p> (00:09:46) Why trying to beat the market is not investing</p><p> (00:10:09) Media influence, clickbait and fear driven financial decisions</p><p> (00:11:52) What to look for in a financial adviser, fiduciary duty and independence</p><p> (00:13:23) Investing is about behaviour, not intelligence</p><p><br></p><ul><li>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.</li><li>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</li></ul><p><br></p><p>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</p><p><br></p>","author_name":"by Stewart Group"}