Tim Wilson

Investor confidence here, local New Zealand.

Investor confidence is going in the direction that you thought it might be.

This is, well, that's what a closed waterway does basically for your confidence.

This is the ASB confidence survey for Q1, Jan, Feb and March, which includes, of course, the first month of Epic Fury.

It looks at whether we think the New Zealand market is a wise investment choice.

Not many of us thought so.

Confidence fell to 6% down from 11 in Q4 of last year.

6% thought the return on their investment would get better in Q1.

So 6% weren't paying attention or they didn't have a clue.

The youngins, the most confident among us, under 30s, net confidence went up.

from 16 to 21.

That's ironic, isn't it?

Anything else you ask them, they're miserable as all heck.

But on the investment, they think they're backing something good.

Anyway, confidence dropped in all the other age groups.

Similar situation with KiwiSaver.

It went up from 16 to 23 for the under 30s, but down in all other age groups.

In terms of what we think are the best investments, the top choice is still, you got it, KiwiSaver and our house.

Both were still only picked by 16% of us, which continues the trend of lower confidence in our own house turning a profit.

You only have to look at the housing market to understand that.