Wealth Management

The Cricket World Cup, Outcome Bias and Outrageous Fortune

Given how unfathomable the game of cricket is for the uninitiated (and initiated) I am at pains to reference such a wonderfully convoluted activity; however, sometimes sport offers up such vivid examples of our behavioural biases in action that it proves irresistible subject matter.

Where there's a Will, but no way

Is your will drawn up? Do you have a power of attorney? Aside from ensuring your investments are right for you, your financial adviser should have a healthy interest in ensuring a few other things in your life are addressed.

Stay in your comfort zone

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!

GFC 10 years on: Time and Patience

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.

Why is it so hard to talk about money?

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.

Investment lessons from betting on the nags

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.

The top 10 excuses we make about bad money decisions

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.

Financial plan is like a voyage - so have navigator onboard

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 wine lover's guide to investing

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.

Busy investing is not smart investing

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!

Going green with your investments

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.

Which hat are you wearing?

Most of us have multiple roles — as business owners, professionals, workers, consumers, citizens, students, parents, and investors. So, our views of the world can differ according to whatever hat we're wearing at any one time.