For those that fondly remember investment returns of 8%, don't forget that they also came with mortgage rates of 12-15% or more for borrowers.
We paid 16% in mortgage interest back yonder days, and the term deposits were around 12%
When all is going well shares are ok but now with Covid so many blue chip companies are going under daily as well as smaller ones. So much for my Air NZ shares now too. I could paper a feature wall with various lost shares over the years. Keeping them for the great, great grand kids to admire.
It feels unsafe to have cash in a NZ bank any more. Remember the Cyprus banks Bail in? At least depositors there were guaranteed up to a 100k and that was Euros. If that should happen here you would get nothing. It’s frightening.