Each week BusinessDesk and the NZ Herald’s Cooking the Books podcast tackles a different money problem. Today, it’s why investors are turning away from meme stocks, to more traditional investing methods. Hosted by Frances Cook.
It’s been a wild few years on the sharemarket. When interest rates were so low, other types of investments didn’t seem too interesting, so investors flooded to shares.
That led to a sugar rush on the market, sky-rocketing values, and trends like meme stocks taking over social media.
Well as anyone can tell you after a binge on junk food, sometimes you’re left craving a salad, and it seems that’s what investors are feeling now.