United States-born Becca Ebels thinks long and hard about her impact on our planet. She invests in global funds but thinks locally and sustainably.
“I started to look at my finances more seriously once I had got a visa to stay here.” Her flatmates introduced Becca to RaboDirect and she was impressed by the high interest rates available in New Zealand. “I’d been living in Japan before here and received interest rates of 0.01%.”
Becca who works as a contractor transfers the bulk of her income by automatic payment to RaboDirect once a month and spends on her credit card. “Just before my credit card is due (for payment) I withdraw money from my savings account to cover it.”
Attitudes towards investing
Despite being risk averse, Becca has started investing in term deposits and managed funds through RaboDirect – using the tools on the site to compare funds.
Preferred asset classes
“Through RaboDirect I have a couple of term deposits and three mutual funds – in the AMP Capital Hedged Global fund, Fisher International Growth Fund and the Tyndall Income fund.
She also has a Kiwisaver, but only contributes the bare minimum because she doesn’t get employer contributions.
Becca has 20% of her assets in funds, 40% in term deposits with RaboDirect, and 40% in cash, readily available.
Becca’s views on the current economy
The global financial crisis had an impact on Becca’s lifestyle and her investing outlook. “About a year after the start of the financial crisis I quit my job and moved to an organic farm. It highlighted the how precarious the current model of growth based on consumption is, and I wanted to see what living sustainability felt like and learn some new skills,” she says. “But I’d still call myself an optimist.”
Outlook for the next few months
Becca’s personal financial outlook for the next few months is good and she believes stocks are more likely to go up in value in the short term thanks to the Christmas spending rush.
“Past that I look at the States and the problems there. I worry about the US debt and the debt to China. If China called that in it would be the end of the dollar.”