59. How to Invest for Your Family

06/20/23 • 71 min

Recently, Kernel hosted an event in collaboration with Lighthouse Financial, Haigh Lyon, and Edwards & Co. all about the exciting world of investing for your family. And one of the panellists in this event actually happens to be our very own co-host, Cat!
Tune into this special episode as Cat adds her unique insights on how parents can set their families up for success. We were also lucky to have James Blair, the Wealth Director at Lighthouse Financial, and Shaun McGivern, the Principal Lawyer at Haigh Lyon, sharing their expert insights too.

Specifically, we speak about:

Why investing in a will is incredibly important for your children and loved ones, especially if something unexpected happens
Ways for parents to encourage great money habits for their kids through using investing accounts and rewarding good money behaviours
The importance of transparency with finances when it comes to your kids during good times and bad
Why using simple money habits such as starting early and consistently can really go a long way when it comes to creating wealth for your family
A few ideas and scenarios that you can think about when it comes to protecting and managing your wealth

Learn more from our partners:

Lighthouse Financial: https://lighthousefinancial.co.nz/contact-us/
Haigh Lyon Lawyers: https://haighlyon.co.nz/contact
Edwards and Co: https://edwardsandco.nz/products/olive

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Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.
Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz

Specifically, we speak about:

Why investing in a will is incredibly important for your children and loved ones, especially if something unexpected happens
Ways for parents to encourage great money habits for their kids through using investing accounts and rewarding good money behaviours
The importance of transparency with finances when it comes to your kids during good times and bad
Why using simple money habits such as starting early and consistently can really go a long way when it comes to creating wealth for your family
A few ideas and scenarios that you can think about when it comes to protecting and managing your wealth

Learn more from our partners:

Lighthouse Financial: https://lighthousefinancial.co.nz/contact-us/
Haigh Lyon Lawyers: https://haighlyon.co.nz/contact
Edwards and Co: https://edwardsandco.nz/products/olive

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Previous Episode

58. Which Personal Insurances Do I Need?

On today’s podcast, we're back at it again with Insurance Specialist & Financial Adviser, Carley Ellis to dive into the financial side of all things unfortunate.
If you haven't listened to part one, stop right now and go back to our previous episode. It's one not to miss. Plus this podcast will probably make a little more sense after listening to the first one.
Specifically, we cover:

The different types of insurance that are available for you to consider and which cover specific events
Why thinking from the insurer's point of view can help you better understand how the insurance system works
Which lifestyle factors (e.g. smoking) and events are considered in insurance premiums and how much more this can cost you if you're getting insurance
The green and red flags you should watch out for when partnering up with a financial advisor for insurance
Things to consider when you are moving to a different financial advisor

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Next Episode

60. Savings Accounts vs Cash Funds

As Kiwis, we’re savers at heart. Generally speaking, we tend to rely on savings accounts to grow your short-term money. But are there investment funds that might also be suitable for getting you to the same goals?

*Cash Funds enter the room*

The funds that Cat reckons are getting a glow-up in 2023.

So what are these types of funds, why use them and how do they compare to savings accounts? We cover all this and more in this episode.

Specifically, we chat about:

Differences in cash availability, fees, estimated returns and more, when looking at on-call accounts, notice-saver accounts, term deposits, and cash funds
The relationship between the Official Cash Rate (OCR), interest rates and cash funds
Whether conservative, cash and defensive funds are the same thing
Why tax matters when deciding between cash funds & savings accounts

Check out the resources mentioned during the episode:

Interest.co.nz - interest rate comparison
FMA - asset allocation within funds

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.