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Emotional decisions cost New Zealand investors at least 1% each year

16 February, 2023 | 

Originally published: Scoop, 16 February 2023

More than half of wealth managers believe clients lose 1% or more a year.

New research* from behavioural finance experts Oxford Risk shows New Zealand investors are losing money every year because they let their emotions drive decision making.

Its study with wealth managers in New Zealand who collectively manage assets of around $144.5 billion, found that more than half (56%) believe the average investors loses 1% or more of their investable wealth each year due to emotional decision making. One in 12 (8%) wealth managers estimate losses could be 2% or more a year. None of the wealth managers interviewed believe investors do not suffer any losses from emotional decision making.

* Independent research company Pureprofile interviewed 50 wealth managers in New Zealand responsible for $144.4 billion assets under management during January 2023.

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