\u201cIn Term 2, they invest in a managed fund. This introduces the idea of risk. In Term 3, they can invest in New Zealand equities. This introduces the idea of companies. In Term 4, they are able to invest in assets from around the world. Exchange rates suddenly matter.\u201d<\/p>\n
Seymour indicated there would be regular tests of students\u2019 knowledge, which would establish whether they could progress to more risky investments.<\/p>\n
He suggested any returns could be placed in a student\u2019s KiwiSaver, a credit on their student loan or be given to them in cash.<\/p>\n
He proposed the initiative, which would cost about $30 million, could be funded from the roughly $600m KiwiSaver annual subsidy.<\/p>\n
Seymour acknowledged some may be surprised to see Act supporting a policy giving teenagers money, but he argued the benefits would be realised.<\/p>\n
\u201cIt\u2019s also not a handout, but an investment in young Kiwis to grow their own wealth. <\/p>\n
\u201cIn the long run, it will get our country out of its financial funk more powerfully than any policy of remotely comparable cost.\u201d<\/p>\n
Seymour said the idea wasn\u2019t Act policy and he was hoping for feedback on how it could be fine-tuned.<\/p>\n
Adam Pearse is the Deputy Political Editor and part of the NZ Herald\u2019s Press Gallery team based at Parliament in Wellington. He has worked for NZME since 2018, reporting for the Northern Advocate in Whang\u0101rei and the Herald in Auckland.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cIn Term 2, they invest in a managed fund. This introduces the idea of risk. In Term 3,…\n","protected":false},"author":2,"featured_media":393394,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[7804,7615,4619,37632,6284,24392,4568,14768,44192,2884,13800,9641,15472,13489,12027,63004,111,43,139,69,4762,36356,36200,13194,16797,9631,3767,165,2846,61,379],"class_list":{"0":"post-393393","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-zealand","8":"tag-7804","9":"tag-7615","10":"tag-act","11":"tag-assessing","12":"tag-david","13":"tag-each","14":"tag-earnings","15":"tag-every","16":"tag-floating","17":"tag-floats","18":"tag-giving","19":"tag-idea","20":"tag-invest","21":"tag-leader","22":"tag-learn","23":"tag-letting","24":"tag-new-zealand","25":"tag-news","26":"tag-newzealand","27":"tag-nz","28":"tag-party","29":"tag-pocket","30":"tag-potentially","31":"tag-progress","32":"tag-seymour","33":"tag-student","34":"tag-students","35":"tag-their","36":"tag-them","37":"tag-to","38":"tag-year"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/393393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=393393"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/393393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/393394"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=393393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=393393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=393393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}