Here are six money lessons that the pandemic has made clear. Emergency savings are importantYou’ve probably heard countless times that it’s important to have some money somewhere to call on if you hit a financial emergency. Investing is for the long-termIncreasing numbers of people have jumped into investing in shares in recent years, or have built up more exposure to share markets through their KiwiSaver accounts. If you’d had all your money invested in Air New Zealand, you’d still be looking at a portfolio worth half what it was last year. But if you were invested in Fisher & Paykel Healthcare, for example, you’d have seen share prices almost double over that time.

Source: Stuff October 22, 2020 16:02 UTC