Most investing mistakes don't look like mistakes when you're making them.

Chris Walsh from MoneyHub joins us to break down the most common investing traps New Zealanders fall into, and the simple strategies that actually work long term.

We get into why dollar cost averaging beats trying to time the market, what "invest in what you know" actually means (and how it gets misused), why borrowing to invest is riskier than most people realise, and what financial foundations you need in place before you start investing at all.

Plus: why 86% of active fund managers underperform the index, and what that means for the rest of us trying to grow our money.

If you've ever wondered whether you're investing smart or just getting lucky, this one's for you.

In this episode:

Why dollar cost averaging works, and how to do it
The problem with picking single stocks
What "invest in what you know" gets wrong
Should you borrow to invest? The risks explained
Time in the market vs timing the market
What financial foundations to have before you start investing
KiwiSaver: are you leaving free money on the table?
How to course correct if you've made investing mistakes

This episode of Making Cents is proudly supported by Odoo. Go to https://www.odoo.com/r/hpl now and try it for free, for 15 days.

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Production and video editing by Lana Byrne

Audio engineering by Tash Chittock

Filmed by Fanaticals