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Investment Failures

New Zealand Superannuation – A Core Cost to Pay

The growing cost of New Zealand Superannuation is an issue that the Retirement Commissioner and media have raised as a concern. This week, current Prime Minister Bill English addressed the issue, with proposed changes to entitlement age, and increasing the residency length requirement for immigrants.

The current government proposes legislative changes to be introduced in March next year. This is after the election. What has been proposed is therefore a policy, and may not necessarily become law.

Asset Rich, Cash Poor – A dilemma with solutions

Many elderly people are asset rich, but cash poor. They live off their National Super, and over the years, they will have drawn down on their investments. This then leaves them with what was probably their largest asset, a lifestyle asset, being their home.

Living on very limited means makes paying for rates, insurance, and meeting repair and maintenance costs extremely difficult for them. Of course, this means that expensive trips are simply out of the question.

Lending Money to Friends and Family

07 Feb 2017

Should we lend money to friends or family is a question that we are sometimes asked. While it is nice to help people, lending money on an informal basis can be a recipe for disaster. If there is a problem, friendships or family relationships can be irreparably harmed.

Currency – to hedge or not to hedge?

As New Zealand is a small export orientated country, most of our exports are not sold in New Zealand dollars. The New Zealand dollar tends to fluctuate considerably. There is little that New Zealand can do to protect our currency from fluctuating significantly. When there is a global hiccup, there is a flight to the so-called safety of the US dollar. With BRIXIT, the GBP fell considerably lowering farmers’ returns for lamb.

Couples – Talk to your partner about money management

We should all know that communication is one of the keys to maintaining a relationship with your partner. Often one of the difficult areas to communicate effectively is about money. It is not difficult to understand why this is the case. Everyone’s perspectives and priorities are different.

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