Today I managed to catch my first ever King Fish.

after fishing for nearly 28 years I finally caught one and what a beauty.

Using very light gear I managed to catch a 6kilo kingie and what a
fight it was. I thought I was going to loose it when I got it up by the
boat and I was trying to get it into the net, it was almost too big for
the net.

I got it in though and what a way to end the year, catching a kingie
has been a long term goal so landing that baby was a lot of fun.

So tonight out on the barrier on our 42 acre bay we will have king fish steaks and probably a bottle of Tattinger.

I am looking forward to 2009 being a great year for investing and the platform from which new levels of wealth can be attained.

Investing in 2009 will be hard however Professional Investment Services
provides you with everything you need from a professional financial
planner. Professional Investment services has a significant advantage
over most other financial planners and that it the fact that it follows
the principles and practices of the parent company in Australia. This
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Professional Investment Services are looking forward to helping you achieve your goals in 2009.

Professional Investment Services powered by Financial Gain is part of the PIS group and has been a member since 1999

National property values have dipped again this month – but the
slide may be bottoming out, according to figures from Quotable Value.

The headlines about property are starting to be a lot more positive and opportunities are popping up everywhere.

Today I have been offered 3 cash-flow positive properties with yields ranging from 12% up to 18%.

The
risk on these properties are buy and hold is negligible as interest
rates are as low as 7.2% variable and 7.4% fixed for 5 years.

Obviously property prices will recover eventually and so being able to hold on to these until prices recover is a no brainer.

The
average sale price dropped from $379,290 to $375,408 last month but
this is not a great indicator of the market and an average like that
can be easily scewed.

It’s also the first time since August last
year that the annual change in property values has not dropped further
than in the previous month .

The economic climate – with interest
rates falling at the same time as banks tightened lending criteria -
will have a major impact on whether the market would pick up and is
part of my decision making process while looking at these properties.

One
of the properties will be very hard to get finance for and so it would
have to remain a buy and hold option whilst the other two are easily
funded however they are nearly twice the price.

It is deals
like this that Hot Property Investments finds on a regular basis and
requires joint venture partners to assist with the acquisition of.

Some information thanks to the Herald.

PROPERTY VALUES

* 7.4 per cent – annual decline in Auckland house prices November-November.
* 7.7 per cent – decline October-October.
* First time since August 2007 that the annual decline has been less than the previous month.
* $375,408 – average national sale price.
* $494,136 – average Auckland sale price.

Remember to visit my financial planning business at www.nzpis.co.nz if you require great and unbiased financial planning advice