‘Canny View’ is a highly acclaimed weekly column (every Saturday) in the local newspaper, Hawke's Bay Today. The articles are designed and authored by our Financial Advisers to communicate with the readers about the principles of good investment — working with markets, understanding risk and return, broadly diversifying and focusing on elements within the investor’s control — including portfolio structure, fees, taxes, and discipline.
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Over the course of our lives, there are many uncomfortable questions and conversations to be had. Those dealing with money are perhaps the most persistent and difficult. The repercussions of not talking about our finances can be severe, with negative consequences to our health, wealth and happiness.
"Resilience" tends to be defined as flourishing despite adversity or bouncing back quickly from difficult situations. Financial resilience is often considered as simply ensuring an emergency cash fund is available to cover against unforeseen expenses.
A good adviser doesn't give advice unless it's aimed at improving someone's situation. Ignoring advice will generally come with a self-inflicted penalty. Somewhere down the track, not taking action will be to the detriment of that person or their family.
The Tarzino Trophy Daffodil Raceday on September 1 launches Group 1 racing for the season, bringing the big guns of New Zealand racing to Hastings, to battle at one of the country's stellar racing events.
A power of attorney (POA) can be a difficult topic on several levels, especially for those who don't or won't understand it because they don't think anyone should act on their behalf. Or in the case of an offspring, have their eyes on a financial prize when the elder departs.
Human beings have an astounding facility for self-deception when it comes to their own money. People who make bad money decisions can often rationalise them. Here are 10 common excuses.
Canadian retirement expert, author and founder of the Retirement Lifestyle Center Barry LaValley was in Hawke's Bay this week, talking to clients of the Hastings-based Stewart Group, and addressing about 60 people at a public meeting on retirement issues in Hastings.
Retirement ought to be a happy time. You can set your own schedule, take long holidays, and start spending all the money you've been saving.
Two colleagues went on holiday separately. One had a great time. The other had a miserable experience. Their respective stories provide valuable lessons, not just about taking a vacation, but about investment.
Reece was a fit, healthy young guy with a busy life and a young family. He had an active, physical job as a builder and was a keen sportsman - a yachtsman, cyclist and runner who had recently completed his first marathon. At 38, life was good. Until…
Thousands of bank accounts are frozen. It is now a legal requirement for banks, some investment managers, managed trusts and certain brokers to identify their customers who are foreign tax residents and send their financial information to Inland Revenue.
As part of our financial planning process, when clients have to make important decisions, we like to “stress test” their plan. One of the tools that we may use is a Monte Carlo simulation.
Embarking on a financial plan is like sailing around the world. The voyage won't always go to plan and there will be rough seas, but those who are prepared, flexible, patient and well advised greatly increase the odds of reaching their destinations.
The Financial Markets Authority released its annual survey into the public’s attitude to financial markets. The survey highlights that the least understood investment types are those associated with high risk and 80% of respondents aged 18-29 have a KiwiSaver investment.
It's on TV; it's on the radio, it's in the newspapers and online. It seems everyone is buying it, making money from it or renovating it. The data providers have been pushing down the timing on their price indices from monthly to weekly to daily updates.
Belgium, France, England, or Croatia? Which football team are you betting on this World Cup? If you are a stock investor and an avid football fan, the soccer field can be a good place for a few investment lessons.
Stewart Group has donated a Te Mata Coleraine Vertical of 32 vintages (1982–2016) from their private collection, all due to be auctioned at this year's Hawke's Bay Wine Auction pre-tasting event in October.
When KiwiSaver was established on July 1, 2007, the scepticism it had faced turned out to be unfounded. In a little over a year, more than one million people had signed up.
Private health insurance helps with the cost of many non-urgent procedures and provides prompt access to private hospitals for the treatment.
What if organisations could automate tax classification and verification work that currently takes thousands of man-hours to complete? Or process millions of transaction records within seconds?
Just as winemakers don't have any say over the weather, investment managers can't control the markets. Savouring a vintage wine is one of life's great pleasures. But often overlooked in the joy of consumption is the carefully calibrated journey from grape to glass. Similar levels of care are critical to good investment outcomes.
The global fashion industry is fickle by nature, pushing and then pulling trends to keep hapless consumers forever turning over their wardrobes. Some people in the financial services industry work the same way.
A big part of the financial services industry has a vested interest in convincing you that the key to a successful investment experience is staying busy. Where you stand in the debate about staying "busy" by thinking like a trader often depends on whether you see investment as the means to an end or as an end in itself!
Have you ever asked your financial adviser a raft of questions like ... "In the advice you are giving me today are there any benefits you are going to receive?" It's is worth asking!
Globalisation has made it easier for people to invest money outside their tax residence jurisdiction. This has provided opportunities for offshore tax evasion.
According to a global sustainable investment group that covers Australia, New Zealand and other developed nations, assets managed under "responsible investment" strategies increased by 25 per cent between 2014-16 to US$22.89 trillion.
Providing our kids with a strong financial foundation starts early and at home. To become a positive financial mentor for children means understanding how to approach the conversations.
When you haven't got much capital of your own, the road to financial security can seem long, hard and complex. But the truth is that wealth building is relatively simple. All it takes is time and the price of a cup of coffee.
“Quite a lot of (FSLAB) is similar to what we experienced across the ditch,” Mancell told a group of NZ advisers last week. “You should be cautious about the legislation coming your way.”
Have you ever made yourself suffer through a bad movie because, having paid for the cinema ticket, you felt you had to get your money's worth? Some people treat investment the same way.
Our financial advisers are invited to the local radio station 'Radio Kidnappers' and they talk about the trending topics in the financial industry. You can hear the latest ones here.