Put your money where your mouth is


Welcome to 2019! We hope your summer holiday was fun, and you are as invigorated by last year's launch as we are. Our launch events in Wellington and Auckland last year were all about testing the waters. Now, we’re ready to go for 2019!  

Keep reading to find out about:

  • Our launch workshops last year, including what we discussed, how they went and what options are available to you.

  • The valuable information brought to us by guest speakers Zoe Wallis and Amanda Morrall (including a great way to start investing, if you're new to all this!).

  • Our plan for the next few months, and our long-term vision for Closing the Gap.

Launch Workshops


These workshops were all about figuring out why we invest. Before we start the journey into investment options (ie, the 'how'), it’s important to understand why we should care about investing in the first place. Sure, you're curious about investing, we know that we should, but how and why do we make investing a priority, overcome taboos about money and understand the impact of the gender investment gap on you.

And how did that all go? Success! Our Wellington workshop attendance was over capacity with 40 women and 4 guys (proud of you lads!) with Auckland not far behind (we've learnt our lesson and will schedule future Auckland workshops later to avoid the traffic).

For those of you who were able to make it, now is the perfect time to reflect on what we learned at the workshops. Have you taken those first steps to conquer your investing fears? Are you closer to your future vision now than you were in 2018? We are excited to engage with you as you build your wealth in 2019. Help us to close the gender investment gap by starting investing conversations with your friends and welcoming them into our community.

Very Important People


We were lucky enough to have some fabulous guest speakers at our launch events.

In Wellington, Zoe Wallis spoke to us about the economic downsides of Aotearoa’s tendency to invest in construction instead of innovation, when she believe the share market has, on average, performed just as well as the NZ property market over the past 10 years.

If you want to get started right now, Zoe suggested considering whether any of the following options might be right for you:

  • Invest as little as $5 in one of the many index fund options (for example, Sharesies or InvestNow).

  • Invest in the shares of a particular company (intermediate and advanced investors only!).

  • Check out your KiwiSaver and ensure it’s in the right fund for your age and stage of life. To help you with this decision, check out sorted.org.nz to determine what you risk profile is.

Key takeaway from Zoe: Don’t invest more than you’re prepared to lose.

Up in Auckland, Amanda Morrall reminded us not to panic or procrastinate in her discussion on mindfulness and money. Her top tips for taking action are:

  • Kill your credit card: Get yourself into maximum saving mode by reducing debt and staying out of it.

  • Contribution rate increases: Consider upping your KiwiSaver contribution rate, or top it up with voluntary contributions.

  • KiwiSaver fees: Read your statement and find out what you pay in fees, to make sure you’re getting value for money.

  • Shop around and compare all services: Phone, power, internet, insurance, even mortgage rates when it's renewal time. You could cut hundreds off your bill.

  • Salary review and/or reset: Research pay equity first and negotiate what you want. Remember to consider tax implications and KiwiSaver.

  • Planning for kids: Consider doubling up on your retirement savings contribution before you take a break from the workforce. No kids? Save more for retirement anyway.

  • Don't keep up with the Jones: Your net happiness doesn't increase with consumption or beyond a point of comfortable income.  

Key take away from Amanda: Spend less, save more.  This will maximise your long-term ability to benefit from your investments.

Closing the Gap, Our Next Steps

We asked, you answered, we listened.  That means 2019 is all about you! So what does that look like?  You can look forward to:

  • More workshops to get women together and share their ideas about investing

  • More expert speakers telling you their stories

  • More day-to-day engagement and digital content from us to help support you on your investing journey

  • More people in the Closing the Gap community (step 1: tell your friends!) 

We love hearing from our Closing the Gap community, so please get in touch via your preferred mode of communication to show your support or make a request. We can only deliver what you want if you tell us what you need!

To hear the latest from us, make sure you follow us on Facebook and Instagram, and sign up to our mailing list at closingthegap.co.nz

Please remember!

The law (this one specifically, if you're interested) prohibits us from giving you "financial advice".  Any content in this blog post, or any other communication with you is general in nature, and is not intended to be taken as financial advice, for your particular circumstances.  If you would like help making decisions about what to do with your money, you should get in touch with a qualified financial adviser who can determine the best path for you.  If you have any questions or concerns, please don't hesitate to get in touch with us at team@closingthegap.co.nz.