Latest / Best of Business / Brooke Roberts: Sharesies Co-CEO on the global impacts of Donald Trump's tariffs

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Brooke Roberts: Sharesies Co-CEO on the global impacts of Donald Trump's tariffs · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from News Talk sed B.
• 0:12
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• 0:16
  Speaker 2: The sheer market's taken a big hit. In fact, apparently
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  Speaker 2: it's been the biggest hit since the beginning of the
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  Speaker 2: COVID pandemic. Market was down three percent. This is the
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  Speaker 2: inzetics here in New Zealand, with more than two billion
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  Speaker 2: dollars wiped off the value. Brook Roberts is the Sharesy's
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  Speaker 2: co CEO with me tonight, Hi.
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  Speaker 1: Brook, Hey, how are you?
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  Speaker 3: Yeah?
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  Speaker 2: Good? We've been told not to touch our key we savers,
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  Speaker 2: but I know that Charesy's investors are a lot more
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  Speaker 2: active than that. You know, you've got your involved in
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  Speaker 2: your own portfolios. Are people touching them? Are they selling?
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  Speaker 2: What are they doing?
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  Speaker 1: Yes?
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  Speaker 3: In terms of Kei we Saver, we've seen people the
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  Speaker 3: majority of people keep to their strategy, so they're not
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  Speaker 3: moving to more conservative funds, which we heard used to
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  Speaker 3: happen on other brokers. They and they're looking at their portfolio,
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  Speaker 3: which is great. On our Sharesy's key we Saver, it's
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  Speaker 3: really transparent. You can be really flexible in terms of
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  Speaker 3: what you invest in and invest in from different funds,
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  Speaker 3: from different fund managers all in one, which is I'm
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  Speaker 3: pretty good in terms of what we're seeing on the
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  Speaker 3: outside of QUSA and investing side. So we've seen an
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  Speaker 3: increase in engagement where people are logging in and checking
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  Speaker 3: their portfolio, but again taking a really balanced approach. We've
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  Speaker 3: seen trading volumes go out about thirty percent week on
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  Speaker 3: week last week, net records in terms of shares being
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  Speaker 3: transferred into shares these from other brokers net buying, So
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  Speaker 3: people are being a bit more active in terms of
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  Speaker 3: actively looking at their portfolio and buying and investments into
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  Speaker 3: sha market.
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  Speaker 2: Can you see what the you know, what your average
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  Speaker 2: users account is worth and how much they've lost.
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  Speaker 3: So yeah, we've got people from zero to ninety seven
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  Speaker 3: years old on the platform. Will take really different approaches
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  Speaker 3: to growing their wealth. So there's people that are actively investing,
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  Speaker 3: and there's you know, active traders, and there's others that
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  Speaker 3: are building their investments every paiday over time. So there's
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  Speaker 3: a wider range of different returns of experience through the
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  Speaker 3: way that they behave too, because the number one way
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  Speaker 3: that we create wealth is through managing our behaviors, and
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  Speaker 3: especially in times.
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  Speaker 2: Like this right, So you haven't seen any particular change
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  Speaker 2: in behavior. You haven't seen any particular selling off or
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  Speaker 2: any particular fallen in average account value.
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  Speaker 3: So one thing we have started to see is a
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  Speaker 3: bit more of rebalancing, So people are looking at different
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  Speaker 3: markets in different ethic classes. So in the top ten
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  Speaker 3: buys we've seen today in gold ETF and europe esgut exchange,
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  Speaker 3: train of funds have started to pop in there, but
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  Speaker 3: still the number one by is the US top five hundred,
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  Speaker 3: and we're also seeing more orders for the Australian Stock
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  Speaker 3: Exchange too coming through. So there's subtle differences that in
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  Speaker 3: general people are sticking to their long term investing strategy.
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  Speaker 2: Okay, well this is the right thing to do, isn't it,
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  Speaker 2: unless you've got to get the money out tomorrow?
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  Speaker 3: What's that?
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  Speaker 2: We've had market analysts telling us, you know, they're surprised
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  Speaker 2: at how the scale of this, how widespread it, and
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  Speaker 2: then the selloff happening day after day. How much longer
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  Speaker 2: do you think we're going to see markets taking a
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  Speaker 2: hit like this?
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  Speaker 1: Oh?
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  Speaker 3: Look, it's unprecedent in times in terms of the shock
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  Speaker 3: that has happened to the markets at the moment based
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  Speaker 3: off the back of the tariffs and then the rippleistic
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  Speaker 3: that it's happening to economy. So look, I don't have
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  Speaker 3: a crystal ball and can't tell you that. But what
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  Speaker 3: as you mentioned earlier, you know, take five year of
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  Speaker 3: you SMP five hundred. Yet it might be down in
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  Speaker 3: the last day, but it's up eighty percent over the
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  Speaker 3: last five years. The A six two hundred up thirty
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  Speaker 3: five percent of the last five years. So when you
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  Speaker 3: take a longer term lens, there's you know, it looks
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  Speaker 3: quite different to the day to day watching the market.
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  Speaker 2: Brook, Thank you for that. Brook Roberts, co CEO at
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  Speaker 2: chares Is For.
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