‘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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Digital innovation has democratised access to financial information to the point where anyone with a smartphone, a few apps and real-time news and data feeds can be like a pro trader. But who wants to do that? And do you need to?
Finance journalists tend to write lots of articles about industries or sectors because these stories fit a current narrative. In the tech stock boom, it was the information revolution. In the mining boom, it was the rise of China.
Building a strong financial foundation in your 20s begins with having the right tools. A budget is one thing you'll need, especially if you're focused on building an emergency fund, saving for retirement or paying off debt. Life insurance is something else you ought to add to your toolbox. But does life insurance for young adults make sense?
Although financial markets are awash with randomness and uncertainty, there are obvious, vital and, often simple, cues that as investors we seemingly choose to ignore or disregard. This results in poor choices and often disappointing outcomes.
If someone cold called offering the opportunity to double your money with a great opportunity in the burgeoning North Korean share market, most people would hang up the phone without question. Temper those claims a little and the cold caller might hook a fish.
So, renting a home always equals throwing money down the drain, and buying a home is key to building equity … right? Nope. That rule is as outdated as a horse and carriage. In fact, more people are deciding to keep on renting — indefinitely. Why? People have different financial goals.
Purchasing life insurance is one of the most important financial decisions people will make in their lives. There are approximately four million life insurance policies in force in New Zealand, with consumers paying $2.54 billion in annual premiums.
Those of you in your 30s know it's the decade when a lot of significant things happen. Along the way, there are some smart money moves you can make now that "Future You" will seriously thank you for.
We'd all love for the market to go on a tear forever, reaching record highs and blowing minds; but the truth is, downturns are a reality, particularly if you are a long-term investor.
The new year is a time of reflection; a ready-made reminder to us all that we should perhaps take stock of what's happened and what will come next. It is a good time to ask a very simple but profound question: What could possibly go wrong over the course of the coming year?
One old adage about investment is that you buy a bunch of reliable stocks, stick them in your bottom drawer and forget about them. That ignores one pesky fact: nothing stays the same.
Men and women are different when it comes to money. Not the most outrageous statement. It's something financial advisers who sit across the desk from the sexes on a daily basis have no problem telling you.
We know that this time of year can be a little overwhelming. Not only are you trying to wrap this year up on a high note, but you're also setting your goals and intentions for next year. Fortunately, this article is designed to help you do that.
Go back to the 1995 film, Clueless. After a driving lesson goes terribly wrong, the valley kids are almost squashed by a tractor-trailer, harassed by a motorcycle gang, and given the finger for driving too slowly by old people. If only they had remained in their comfort zone and taken their lesson on quiet residential streets rather than a 12-lane highway!
Depending on luck is simply not a sustainable investment strategy. Evidence-based, goal-based investment may not sound as exciting but is also a lot less work.
New Zealand's house prices have been ranked the most overvalued in the developed world behind only Hong Kong. The Kiwi housing market was also deemed to be the fifth most at-risk among OECD nations, according to an Oxford Economics report.
I hear young people complaining on a regular basis that it’s impossible for them to save money. The list holding them back is a long one – student loans, minimum pay, rent, coffee, and the desire to enjoy their youth.
After going blind in one eye, an Invercargill farmer's trauma claim was declined because her medical condition didn't meet her policy's criteria. Blindness in both eyes is covered in her policy whatever the cause, but blindness in one eye is only covered if it is caused by an injury, not a medical event.
People rarely take this approach with their finances. Often, financial matters are treated like an overstuffed, messy closet that needs to be dealt with but remains closed and put off for another time
Timing the market is tough, as is basing an investment strategy on economic or market forecasts. But we can do ourselves a favour, both materially and emotionally, by accepting that volatility is a normal part of investing and by sticking to a well-thought-out investment plan agreed upon in less stressful times.
Despite recent market volatility KiwiSavers should be happy with their investment. Now is not the time to be cutting and running or you will miss the benefits of long term investing. Even default funds are doing better.
Volatility is back. Just as many people were starting to think markets only ever move in one direction, the pendulum has swung back the other way. Anxiety is a completely natural response to these events. Acting on those emotions, though, can end up doing us more harm than good.
This a story on why it’s always important to be aware of what you’re sharing online or with anyone who may call you fishing for information.
World economic data remained encouraging throughout Q3. Global equities, particularly developed markets performed strongly. Emerging markets were punished, while Australia made small gains. And another reason to be wary of what you share online.
A couple that decides to form a long-term relationship does more than create a legal and spiritual bond. At the same time, the personal and financial goals probably shift and become more complex.
Recent statistics indicate that many New Zealanders are cancelling their insurance policies due to affordability; only a few years before they are most likely to make a claim.
There's been a lot of noise in TV & print media finance reports in the past one month. But have you ever wondered that if there are so many sellers out there, who is buying?
A "one of a kind" collection of a vertical lot collection of 32 vintages of the globally acclaimed Te Mata Estate Coleraine, donated by the Hastings-based Stewart family, went under the hammer at a pre-tasting event ahead of the annual Hawke's Bay Wine Auction next month.
In almost every area of life – whether it's marriage, the workplace, or taking care of our health – we are often our own worst enemies. The realm of personal finance is no different. What's the biggest threat to achieving financial independence? Unfortunately, it's your own brain.
To re-evaluate what really matters in life and to discuss the psychology or mindsets that got us to where we are today, there's no better explanation than the story of the Mexican Fisherman.
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.