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Chapter 1: What is the main topic discussed in this episode?
Kia ora, welcome to Shared Lunch, brought to you by Sharesies. My name's Leighton Roberts. At the moment we've got pressure at the supermarket and the gas pump, mortgage stress and weak property markets. Yet equity markets are hitting record highs and tech is booming. If you're feeling uncertain, you're not alone.
So for some perspective, I'm joined by someone who spends a lot of time helping everyday people make sense of this.
Chapter 2: How does negative news influence our financial decisions?
It's Chartered Accountant and Keep the Change host, Luke Chemies. But before we get started, here's some important information. Investing involves risk. You might lose the money you start with. We recommend talking to a licensed financial advisor. We also recommend reading product disclosure documents before deciding to invest.
Everything you're about to see and hear is current at the time of recording. Welcome back Luke. Yes, stoked to be here again. It's great to have you here. And it's interesting times. We've got all this global instability happening on one hand.
And on the other hand, we're in the middle of some of the largest numbers we've ever seen at Sharesies with regards to investment coming in, which is quite sort of counter what we were thinking and forecasting and stuff. And then also this new tech and this optimism around that. So we've got markets up.
one minute down the next and we're just interested, you speak to businesses all the time, like what are you hearing out of the businesses and the people who are following you?
Yeah I mean I'm probably seeing the same things where I was pretty shocked that S&P 500 for instance is back to all time highs and people don't seem to be too phased about the volatility whether maybe I'm a little bit worried that we're getting a little bit complacent about just how, you know, maybe how bubbly it could be.
But it reminds me back end of 2025, a lot of commentary around are we in an AI bubble? But it rolls on. But then back to the New Zealand business side, as soon as that war kicked off overseas, we've definitely noticed a lot of confidence fall out of the business community. Business owners are struggling to see in the next three months, let alone 12 months, that
So, yeah, it's a bit sad to see the momentum that was there suddenly get evaporated.
Yeah, it just seems to move so fast. I was lucky enough to be in San Francisco two or three weeks ago. A company called Stripe, which does a huge amount of payments around the world, some maybe 1.7% or something of... of global GDP goes through it.
And one of their founders, John Collison, gave a session on the economy, which is really worth watching, but one of the things he called out is the difference between these other bubbles and the relationship between profit. and valuation.
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Chapter 3: What challenges do Kiwi businesses face in adopting technology?
I'm like, OK. So I think we probably need as a country a fair bit more education about that. We might be a little bit behind, but I mean, with the work that you guys are doing and other people leading from the front doing it, hopefully it becomes a bit more common.
Yeah, I certainly hope so. Like, it's definitely not a golden goose, right? Just like... Just like every person who starts a company or every company doesn't end up successful, nor will the shareholders of every company.
But as far as supporting education, getting buy-in to a vision as a company owner, whether you do that in any sort of incentive structure, but I think there's room in New Zealand for more of that.
There's definitely a theme of...
we're seeing in our business where maybe we're doing a bit more marketing about it but people are getting in touch to inquire about potentially buying into the business that they work for and they're having those conversations with their employer and you know as i said at the top you know aging demographic of business owners some of them are starting to think about getting out and retiring and who is the person coming through so i think that's going to be a like a critical infrastructure piece of
that we're going to have to provide.
My brother did that. He bought into it. He is a real estate agent. He ended up buying the company. He's now the sole owner of it, but did that over quite a few years. Funnily enough, I won't name names because I haven't asked them, but they actually advertised in the paper. He advertised for someone to come and join who would like to buy the company over time. And my brother was like maybe 18.
He was an 18-year-old builder when he applied for that job. And now he's 32 or whatever it is and owns the company, which is quite amusing. And the company is probably 50 or 60 years old, this business.
Pretty great foresight from the owner I think because these things don't, again for people to build equity over time to get to a right position financially and everything, it's quite a cool learning curve for staff if you've got good people.
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