Shared Lunch

Are women really more cautious investors, or is something else going on?? And why are more young people looking beyond property to build wealth? She's on the Money founder Victoria Devine joins Sharesies co-founder Brooke Roberts to discuss how investing is changing across Australia and New Zealand. They look at why more women are entering the share market, what their preference for ETFs tells us about risk and diversification, and how rising barriers to home ownership are changing the way younger people think about wealth. Plus, Victoria shares what she’s learned from overcoming $40,000 in consumer debt. Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. Information is current at the time it’s provided. Any advice provided is general advice only and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. See omnystudio.com/listener for privacy information.

Higher for longer. Interest rates, inflation, and borrowing costs are all under pressure. What may it mean for your investments and New Zealand's economic recovery? Infometrics Chief Economist Brad Olsen joins Garth Bray to explain why he expects the Reserve Bank to raise the OCR again this year, with potentially more hikes to come in 2027. Hear how the Iran war, higher oil prices and a weaker New Zealand dollar are putting pressure on inflation. Why are global bond yields rising? How does America's growing debt affect borrowing costs here? And can New Zealand's economic recovery withstand another round of rate hikes? With the election approaching, Brad also looks at the major parties' spending plans, why coalition negotiations could throw their budgets off course, and whether businesses really slow down investment while waiting for a new government. For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.See omnystudio.com/listener for privacy information.

SHARESIES · MARKET UPDATE · Week of 20 October 2026Jacki Neumann, Head of Capital Markets ↑ WHAT'S UP — The ASX 200 gained 1% for the week while US markets fell, and the NZX 50 finished flat. US reporting season opened with the big banks: Goldman Sachs and Morgan Stanley beat forecasts, and results across the group suggest American consumers are in reasonable shape. Oil stayed high as conflict continued, with Brent crude ending the week around US$106 a barrel. ↓ WHAT’S DOWN — The S&P 500 fell 2% and the Nasdaq lost 4.5%, led by a sell-off in AI and chip stocks. The S&P 500 tech sector dropped 6.4% and the Philadelphia Semiconductor Index lost 11.4%, with CoreWeave plummeting 25% on concerns about credit risk, and Micron, SK Hynix and Samsung slid on rising competition and oversupply fears. Among the banks, JPMorgan missed on profit and revenue, and Wells Fargo’s revenue fell short. ! BIGGEST SURPRISES — US headline inflation rose above expectations to 3.7% in September, driven by fuel and energy costs. The 10-year Treasury yield jumped to 5.33%, then fell back to around 5.1% as AI stocks dropped and investors moved to safer assets. In Australia, employment fell by around 39,000 in September when economists expected a rise of 20,000. Unemployment rose to 4.7%, the highest level since late 2021.  ◎ WHAT TO WATCH — SpaceX, Netflix and General Motors report on Tuesday (US time), followed by Tesla, Meta and IBM on Wednesday. Also on Wednesday, RBA Deputy Governor Andrew Hauser speaks, and Transurban, Fletcher Building and Vulcan Steel hold their AGMs. BHP, the ASX, IAG and Auckland Airport meet on Thursday, and BHP, Woodside, Fortescue and Santos will also release quarterly updates during the week. ◈ BIGGER PICTURE — The financing of AI growth is still under scrutiny. The CEOs of Intel and Broadcom told a conference in Singapore that the cost of growth could become a bottleneck, while CoreWeave’s CEO pointed to setbacks for competitors trying to raise money through IPOs and debt. At the state level, central banks are leaning towards tighter policy: markets see about a 15% chance of a Fed hike in October, and RBNZ Chief Economist Conway said the October decision is “wide open” between a pause and a 25 basis point hike. CBA CEO Matt Comyn warned that growth is slowing and inflation remains too high, while Glencore’s secondary listing on the ASX, partly to reach domestic super funds, shows global companies still want access to Australian capital. Disclaimer: Sharesies Market Movements is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. This video is general market commentary and educational in nature. It is not financial advice and does not take into account your personal objectives, financial situation or needs. Information is current at the time of recording and may be subject to change. We do not provide recommendations and nothing in this video should be taken as a recommendation to buy or sell any financial product. Investing involves risk. You might lose the money you start with. Past performance is not indicative of future performance. If you require personal financial advice, you should consider speaking with a qualified financial adviser. Our disclosure documents and terms and conditions, including a Target Market Determination and IDPS Guide for Sharesies Australian customers, are available on our relevant Australian or NZ website.See omnystudio.com/listener for privacy information.

In this bonus clip from our election conversation, Both Sides Now hosts Eve McCallum and Alex Martin discuss whether KiwiSaver should help young New Zealanders buy their first home, and where the limits on withdrawals should sit. They also explore why property remains such a popular investment in New Zealand, whether younger generations are thinking differently about building wealth, and what could encourage more people to invest in shares and local businesses. Hear the full Shared Lunch election conversation, What this election means for your portfolio, wherever you get your podcasts.For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.See omnystudio.com/listener for privacy information.

Capital gains tax, compulsory KiwiSaver, a land tax and a $30 billion super bill. Which election policies will shape your wealth? Eve McCallum leans right. Alex Martin leans left. The two 27-year-olds host Both Sides Now, and they’re here to tell us which election issues matter to Gen Z investors, and how they each see the next 30 years. Hear whether a capital gains tax arrives a decade too late, whether taxing gains beats cutting income tax, and why neither sees property as a sure thing for their generation. Why does Eve call compulsory KiwiSaver “National’s best policy”? Should we raise the retirement age? We weigh fast-track consents against the trade-offs, and look at the Opportunity Party’s land tax and ACT’s plan to stop taxing KiwiSaver earnings. Plus, why both guests want financial education in schools, and what they found in their partners’ KiwiSaver funds. For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.See omnystudio.com/listener for privacy information.