Shared Lunch

Are women really more cautious investors, or is something else going on?? And why are more young people looking beyond property to build wealth?

She's on the Money founder Victoria Devine joins Sharesies co-founder Brooke Roberts to discuss how investing is changing across Australia and New Zealand.

They look at why more women are entering the share market, what their preference for ETFs tells us about risk and diversification, and how rising barriers to home ownership are changing the way younger people think about wealth.

Plus, Victoria shares what she’s learned from ov...

Higher for longer. Interest rates, inflation, and borrowing costs are all under pressure. What may it mean for your investments and New Zealand's economic recovery?

Infometrics Chief Economist Brad Olsen joins Garth Bray to explain why he expects the Reserve Bank to raise the OCR again this year, with potentially more hikes to come in 2027.

Hear how the Iran war, higher oil prices and a weaker New Zealand dollar are putting pressure on inflation. Why are global bond yields rising? How does America's growing debt affect borrowing costs here? And can New Zealand's economic recovery...

SHARESIES · MARKET UPDATE · Week of 20 October 2026
Jacki Neumann, Head of Capital Markets

↑ WHAT'S UP — The ASX 200 gained 1% for the week while US markets fell, and the NZX 50 finished flat. US reporting season opened with the big banks: Goldman Sachs and Morgan Stanley beat forecasts, and results across the group suggest American consumers are in reasonable shape. Oil stayed high as conflict continued, with Brent crude ending the week around US$106 a barrel.

↓ WHAT’S DOWN — The S&P 500 fell 2% and the Nasdaq lost 4.5%, led by a sell-off in AI and chip stocks. The S&P 500 tech s...

In this bonus clip from our election conversation, Both Sides Now hosts Eve McCallum and Alex Martin discuss whether KiwiSaver should help young New Zealanders buy their first home, and where the limits on withdrawals should sit.

They also explore why property remains such a popular investment in New Zealand, whether younger generations are thinking differently about building wealth, and what could encourage more people to invest in shares and local businesses.

Hear the full Shared Lunch election conversation, What this election means for your portfolio, wherever you get your podcasts.

For more...

Capital gains tax, compulsory KiwiSaver, a land tax and a $30 billion super bill. Which election policies will shape your wealth?

Eve McCallum leans right. Alex Martin leans left. The two 27-year-olds host Both Sides Now, and they’re here to tell us which election issues matter to Gen Z investors, and how they each see the next 30 years.

Hear whether a capital gains tax arrives a decade too late, whether taxing gains beats cutting income tax, and why neither sees property as a sure thing for their generation. Why does Eve call compulsory KiwiSaver “National’s best...

↑ WHAT'S UP — The S&P 500 rose 1.2% for the week and the Nasdaq gained 0.6%, both hitting record highs early in the week. Chipmakers gave AI stocks an early lift: Marvell raised its long-term revenue outlook, and AMD said it will lift chip output next year. Closer to home, the ASX 200 edged up 0.4% and the NZX 50 gained 0.5%.

↓ WHAT’S DOWN — The University of Michigan's consumer sentiment survey fell, and Americans' view of current conditions hit its weakest since 1951. In Australia, Westpac's consumer sentiment index fell almost 5%. US telcos T-Mobile, AT&T and Verizon fell sharply as SpaceX agreed to buy a bloc...

Around 40 million Americans travel long-haul each year, but fewer than 1% choose New Zealand. Air New Zealand CEO Nikhil Ravishankar wants to change that.

In this Shared Lunch Quick Bite, Nikhil explains why New Zealand remains a bucket-list destination for many Americans, and how Air NZ plans to turn that interest into bookings.

From its new SkyNest sleeping pods to AI-powered marketing, hear how the airline is tackling the distance barrier and trying to attract more international visitors.

This is a highlight from our full Shared Lunch conversation with Air New Zealand CEO Nikhil...

Air NZ CEO Nikhil Ravishankar joins Shared Lunch one year into the top job. 

After six years of crises, including ongoing oil shocks, he’s upbeat about the next chapter as almost all aircraft are back flying.  

We learn how AI is making a huge impact on operations, what’s different about the airline’s strategy reset, and the vexed question of affordability for domestic passengers. 

Nikhil says 40 million Americans fly long-haul and for many NZ is on their bucket list, but fewer than 1%  come here. He’s determined to change that with Air NZ’s slee...

What do nitrogen explosives and dog food have in common?

Adam Hall left the explosives industry to run EBOS, one of Australia and New Zealand's largest healthcare distributors, with A$13.5b annual revenue across medicines, a pharmacy network, and pet brands like Black Hawk and VitaPet.

Adam explains his expectations for GLP-1 growth, how the COVID pet boom is shaping demand, and why he believes in-store care is the future of pharmacy.

Hear why Adam says the company’s profit line doesn’t tell the full story, and how he’s approaching the deals...

SHARESIES · MARKET UPDATE · Week of 28 September 2026
Jacki Neumann, Head of Capital Markets

↑ WHAT'S UP — The S&P 500 rose 1.2% for the week and the Nasdaq gained 2.1%, hitting a record high. Meta jumped almost 13% after its AI agent, Muse, topped US App Store downloads. Microsoft added 4.5% on reports of Copilot discounts for business customers. 

↓ WHAT’S DOWN — The ASX 200 fell 0.8%, its fourth straight weekly loss, and closed at its lowest since mid-June. It’s down around 4.5% for September, with utilities the weakest sector last week at around −5.2%. Oracle fell over 7% after invoking force majeure on its New Mexico data c...

Lodestone Energy is raising between $75 and $100 million through an IPO. In this conversation, Managing Director Gary Holden explains Lodestone’s business, their ambitions, and their reasons for listing to GM of Sharesies Business, Susannah Batley.

Lodestone builds and operates solar farms of 25 to 35 megawatts and sells the electricity directly to customers, placing it alongside New Zealand's four established gentailers. Holden describes the company’s standard site specifications and why they chose that scale.

We cover how revenue is contracted, including the arrangement with early customer The Warehouse Group, and the plan to move from six farm...

With markets expecting the RBA to lift Australia’s cash rate, Victoria Devine breaks down what another rise could mean for households, savers and investors.

Victoria joins Sharesies co-founder Brooke Roberts to explain the potential impact on mortgage repayments, including what a 0.25 percentage point rise could mean for someone with a $600,000 mortgage.

Plus, why she says mortgage holders shouldn’t treat their home loan as “set and forget”, particularly when household budgets are already under pressure.

For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch

Shared Lunch is brought...

In the age of DIY investing and open information, where does legitimate, licensed financial advice come in? Erin Avery, General Manager of WealthTech at Sharesies, and Rick Parry, financial adviser and director at My Net Worth, explain the role of human advice in our automated future.

Has the role of an adviser changed with wider access information and tools? Why is New Zealand’s regulator actually encouraging advisors to engage with AI? How do you decide whose advice is worth listening to, especially when the market gets volatile?

For more places to follow Shared Lunch—chec...

SHARESIES · MARKET UPDATE · Week of 21 September 2026
Jacki Neumann, Head of Capital Markets

↑ WHAT'S UP — New Zealand was the standout, with the NZX 50 up 1.2% after Q2 GDP beat expectations at 0.2% for the quarter, lifting annual growth to a two-year high of 2.6%. The Nasdaq also edged up 0.7%, even as the broader US market drifted.

↓ WHAT'S DOWN — The S&P 500 slipped 0.1% and the ASX 200 dipped 0.1%, with hawkish central banks and elevated oil keeping a lid on equities. Tech sentiment took a knock from an AI safety essay by Anthropic CEO Dario Amodei, which called for a slowdown in model s...

Around 70% of Turners Automotive Group staff are also shareholders in the company.

In this bonus clip from a recent episode, CEO Todd Hunter explains how Turners’ employee share scheme works, why the company subsidises shares for participating staff, and what happens when employees can see their stake in the business grow alongside the company.

Plus, why he believes more listed companies should give their people the opportunity to become owners.

For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch

Shared Lunch is brought to you by Sharesies Aust...

Why do so many capable women believe they're "bad with money"?

Jessica Brady, a financial adviser who built and sold her own firm, and Caitlin Judd, entrepreneur and business coach, join us from their Grow and Let Go book tour to explain what they had to unlearn to get here.

How do the beliefs we form early on follow us into our investing decisions? What happens when a sudden windfall arrives before you've really thought about what you want? Why does ownership matter more than ever? 

Plus, what Jess did with the money w...

SHARESIES · MARKET UPDATE · Week of 14 September 2026
Jacki Neumann, Head of Capital Markets

↑ WHAT'S UP — Oil was the big climber, with Brent crude rising as high as US$108 a barrel on Thursday — its highest since May — before settling around US$105 after fresh US–Iran strikes. Oracle was a bright spot, jumping 7% after hours on strong results as revenue rose 30% and cloud infrastructure revenue surged over 120%.

↓ WHAT'S DOWN — Equities fell broadly, with the ASX 200 down around 3% — dragged by an 8.6% slide in tech and a 3.9% fall in materials — while the NZX 50 lost 2.8% and US indices slipped, the S&P 500 off 0.8% and...

A record quarter, then a fuel shock that changed the mood almost overnight.

Turners CEO Todd Hunter explains how the US-Iran conflict and higher fuel prices have knocked consumer confidence—and what that sudden shift means for one of New Zealand’s biggest used-car businesses.

Todd reveals why New Zealand’s former best-selling vehicle has become one of the hardest to sell, and how Turners is still growing group profit despite tighter margins in auto retail.

Find out how Turners has evolved from its auction-house roots into a much broader used-car, finance and insura...

SHARESIES · MARKET MOVEMENTS · Jacki Neumann, Head of Capital Markets at Sharesies

Note: Filmed Monday 7 September

↑ WHAT'S UP

The NZX 50 gained 1.5%, while US indices held their ground with the S&P 500 up 0.1% and the Nasdaq up 0.4%. Dell was the tech sector’s star, jumping almost 16% on record AI server orders of US$61 billion and a US$25 billion lift to full-year revenue guidance.

↓ WHAT'S DOWN

The ASX 200 fell 1%, dragged partly by a string of index heavyweights trading ex-dividend, including CSL, Brambles, and BlueScope, while Corporate Travel Management plunged over 80% as trading resumed...

Are New Zealand homes becoming riskier to insure as extreme weather becomes more frequent?

In this clip Tower CEO Paul Johnston explains what the insurer is seeing in its own storm data, and why the cost of weather events has been trending higher. He unpacks how Tower is responding with increasingly granular risk-based pricing and why two homes just one street apart can have very different risk profiles.

This clip is a bonus from our previous episode 'How Tower is pricing a riskier New Zealand'

For more places to follow Shared Lunch—check ou...

Insurance is getting more expensive and more sophisticated, as climate change, extreme weather and rising costs reshape how insurers price risk.

Tower CEO Paul Johnstone explains why the price of risk in New Zealand has materially changed over the past 15 years, and how Tower is using up to a billion data points to price individual properties based on their exposure to hazards like floods, earthquakes, landslides and sea surge.

He also discusses what rising weather-related losses mean for the insurance industry — and why he still believes insurance is a good business to be in. 

P...

SHARESIES · MARKET MOVEMENTS · Jacki Neumann, Head of Capital Markets at Sharesies

Note: Filmed Monday 31 August

↑ WHAT'S UP — US indices edged higher, with the S&P 500 up 0.5% and the Nasdaq up 0.9%, while the ASX 200 added 0.4%, propelled by results including Qantas’ 4.8% jump on a $2.06 billion underlying profit, Coles rising 5%, and NEXTDC beating guidance with revenue up 16% on surging AI infrastructure demand.

↓ WHAT'S DOWN — The NZX 50 fell 1.5% in its worst week since May, snapping three weeks of gains. DroneShield sank 11% despite a 74% revenue jump as it swung to a $32.2 million loss, Air New Zealand posted a $336 million full...

Is New Zealand too conservative with how we reward our top executives, and could that be hurting our public markets?

In this clip from Shared Lunch, Gentrack CEO Gary Miles responds to his headline-making position as the NZX’s highest-paid CEO, and tackles the bigger question of executive pay in New Zealand. Could too much scrutiny of remuneration make it harder for public companies to attract top talent? And is there a risk it pushes more businesses into private ownership?

This clip is a bonus from our previous episode ‘Gentrack chases global power’

For mor...

Gentrack is the NZX-listed software company running the systems behind power companies and airports worldwide, as the energy transition creates challenges in pricing, metering and managing power. 

CEO Gary Miles traces Gentrack’s five-year climb from around $100 million in revenue to about $230 million — and the share price wobble that followed the rollout of its new G2 technology stack. Gary explains where that dip came from, their drive to expand into 40 countries, and why he ended up in the headlines as the NZX's highest-paid CEO.

Plus, why Gentrack bought a Wellington pricing startup that had just one c...

SHARESIES · MARKET MOVEMENTS · 24 AUGUST 2026
Jacki Neumann, Head of Capital Markets at Sharesies

Note: Filmed Monday 24 August

↑ WHAT’S UP — The materials sector outperformed the broader ASX, rising 5.6%: BHP's underlying profit jumped 30%, with copper overtaking iron ore as its biggest earnings contributor for the first time, while Evolution Mining rallied over 16%. Healthcare climbed more than 9% driven by CSL and Cochlear, and the NZX 50 bucked the global trend to add 0.9%.

↓ WHAT'S DOWN

US stocks fell under the weight of bond yields, with the S&P 500 down 1.4% and the Nasdaq 2%. The ASX 200 slipped 0.6%, with local...

Debt is everywhere, from mortgages to paying for lunch. But when is it useful, and when does it become a problem?

In this bonus clip from Shared Lunch, Luke Kemeys of Keep the Change breaks down the good and bad sides of debt. He explains why borrowing can be a powerful tool for building wealth, how everyday debt can quietly eat into your cash flow, and why keeping some cash aside matters when life doesn’t go to plan.

Plus, Luke looks at the relationship between debt and investing—and why understanding how your money is s...

Why are we more comfortable talking about our voting preferences than our KiwiSaver balances?

Luke Kemeys of Keep the Change tells us why money is New Zealand's last taboo — and the opportunity cost of that silence. So why do so many Kiwi avoid even sharing their finances with family? What’s the downside of our cultural love of holding cash? Is a culture of Tall Poppies holding back our economy?

Luke shares his own history of credit card debt and the backlash to branding himself as a millionaire, and how normalising wealth conversations could make the...

SHARESIES · MARKET MOVEMENTS · 17 AUGUST 2026
Jacki Neumann, Head of Capital Markets at Sharesies

Note: Filmed Monday 17 August

↑ WHAT’S UP — US markets saw slight gains, with the S&P 500 up 0.4% and the Nasdaq up 0.2%, while the NZX 50 added 0.2%. Super Micro jumped 19% on an earnings beat and upbeat guidance, and Commonwealth Bank posted a record annual cash profit of $10.98 billion, up 7%.

↓ WHAT'S DOWN — The ASX 200 fell 1.6%, dragged by financials: Westpac lost almost 6% after a 20% drop in mortgage applications, while Suncorp's and IAG's profits fell 44% and 25% respectively. In the US, solid numbers didn't prevent declines, with RocketL...

AI can scan thousands of stocks and decades of data in minutes—but should it be trusted to make the final call?

In this bonus clip from Shared Lunch, Mike Taylor and Kent Williams of Pie Funds explain how they’re using AI to automate their day-to-day work. They unpack how the technology can speed up investment research, why they stop short of letting AI make trading decisions, and what the rise of the “T-shaped” portfolio manager could mean for the next generation of investors.

This clip is a bonus from our previous episode 'Infrastructure: funding...

Airports and ports, pipelines and power lines. Infrastructure is all around us — and demand for it could be entering one of its biggest booms in generations.

In this episode, Mike Taylor and Kent Williams of Pie Funds unpack what’s driving that demand, from the rapid buildout of AI and data centres to growing pressure on power grids and the electrification of everyday life.

How does Pie decide which infrastructure assets to invest in? Can power supply keep up with rising demand? Will the enormous sums being spent on AI deliver a return? And why is o...

SHARESIES · MARKET MOVEMENTS · 11 AUGUST 2026
Jacki Neumann, Head of Capital Markets at Sharesies

Note: Filmed Monday 10 August

↑ WHAT’S UP — The S&P 500 hit a new record close to finish the week up 3.6%, the Nasdaq up 5.2% in its best week since May, and the ASX 200 climbing 3.2% to its own new record. Strong corporate earnings helped power the rally: Palantir jumped 29.5% after 93% revenue growth, AMD posted record quarterly revenue of US$11.5 billion, and SpaceX surged around 23% on its first public results.

↓ WHAT’S DOWN — ResMed shares fell after a mixed underlying result. Oil was choppy, fallin...

Christchurch has quietly become one of New Zealand's strongest economic success stories. Independent economist Tony Alexander shares how affordable housing, a booming tourism sector, and major infrastructure projects, are all driving momentum.

Plus why Auckland still holds the key to New Zealand's overall economic performance, and how projects like the City Rail Link could help shape its future.

For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch

Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is...

House prices have fallen four months in a row, and investors are on the sidelines. Is property still Aotearoa's favourite wealth-builder?

Independent economist Tony Alexander gives us an overview of the latest data, where 49% of agents are seeing fewer investors, even as first home buyers finally get a break. Find out how the rising cost of debt changes the maths, why older landlords are selling early, and why Tony warns rates could go higher and stay there longer than most forecasters expect.

Plus, Auckland's townhouse oversupply, a rise in building consents, and what the looming...

SHARESIES · MARKET MOVEMENTS · 3 AUGUST 2026
Jacki Neumann, Head of Capital Markets at Sharesies

Note: Filmed Monday 3 August

↑ WHAT’S UP — Equity markets snapped back, with the S&P 500 up around 1%, the Nasdaq up 1.6%, and the ASX 200 gaining 2.3% to break a falling streak. Rio Tinto shared strong results, while Microsoft and Amazon rose on Azure and AWS cloud growth.

↓ WHAT’S DOWN — The 30-year US Treasury yield jumped to its highest level since 2007 as investors demanded more compensation to hold amid lingering inflation doubts. Meta's earnings fell short on legal and AI infrastructure costs and Apple's re...

What actually makes a bank a bank?

New Zealand is overhauling the way our banking system is regulated, meaning that more organisations may soon be able to call themselves a "bank", while new deposit insurance gives you peace of mind. 

University of Auckland finance expert Chanelle Duley explains why more competition isn't always straightforward, what to look for when you choose where to put your money, and how regulation and technology could reshape banking over the next decade.

This is a bonus clip recorded for our episode: Blurring the lines of banking

Who qualifies as a bank? The rules are about to change, and we’ve got questions for Lecturer in Economics Dr. Chanelle Duley and two challengers to the “big four” banks: SBS Bank Group’s Mark McLean and General Capital’s Brent King.

So, will a new definition of “bank” enable these smaller players to rival the Australian-owned market leaders? What do new rules mean for your money’s safety? Find out what the new $100,000 deposit compensation scheme protects, why more competition could finally win you a better rate on your deposits, and whether a smaller, nimbler lender is riskie...

SHARESIES · MARKET MOVEMENTS · 28 JULY 2026
Jacki Neumann, Head of Capital Markets at Sharesies

Note: Filmed Tuesday 28 July

↑ WHAT’S UP — Renewed Middle East conflict drove Brent crude oil up nearly 14% for the week and back above US$100 a barrel, lifting ASX energy names like Santos and Woodside. The NZX 50 gained around 0.6% even while overseas markets fell.

↓ WHAT’S DOWN — Alphabet fell 7% despite solid results and Tesla around 14%, dragging the Nasdaq down 2.1% and the S&P 500 down 0.6%. The weakness rippled into the ASX tech sector, down 6.6%, and the ASX 200 falling 0.3% for a third straight week.

...

It might feel like the world is changing faster than ever, but is it really? Futurist Mark McCrindle explains why today's AI revolution isn't the first period of massive disruption, what history can teach us about navigating change, and why distinctly human skills will matter more than ever. Plus, his advice for every generation—from Boomers to Gen Alpha—as we prepare for the decades ahead.

This bite is from our episode: Aussie futurist on the 2050 economy

Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in N...

A higher salary or a share of equity: which would you choose? In this conversation, Sharesies Business's Susannah Batley and Andrew Morrow, fresh from PartsTrader's $650m acquisition, argue that ownership, not wages alone, are the pathway to real wealth. 

So, what does new research say about how Kiwi workers really want to get paid? How do employees actually make money from company shares, and how did that work for PartsTrader?? Find out about the trade-offs of becoming a shareholder, from concentration risk to tax rules, and the structures that are safest for employees.

Plus, why A...

SHARESIES · MARKET MOVEMENTS · 22 JULY 2026
Jacki Neumann, Head of Capital Markets at Sharesies

Note: Filmed Tuesday 21 July

↑ WHAT’S UP — As US–Iran tensions re-escalated, Brent crude oil spiked more than 13% for the week. US banks posted strong results on record ECM and trading revenue off the back of the SpaceX IPO and AI infrastructure fundraising.

↓ WHAT’S DOWN — A tech-led sell-off pulled the S&P 500 down 1.5% and the Nasdaq 2.9%. The Philadelphia Semiconductor Index tumbled almost 10%, closing more than 20% below its June peak. Materials and tech led an ASX pullback.

! BIGGEST SURPRISES — June...