Archive for January, 2009
Fantastic Drop »
The Reserve Bank yesterday reduced the official cash rate (OCR) by 150 basis points to 3.5%. Kiwibank was the first bank to reduce its rates with Westpac following closely behind. At the end of day all the other major banks had followed suite and made reductions to rates across the board, some passing on up to 100 basis points or more. All the [...]
2 days till rates come down again »
In two days time the reserve bank will meet again and it seems the entire world agrees that they will reduce the Official Cash rate yet again. Professional Investment Services (powered by Financial Gain) agree with this sentiment and would like to add that we believe the rate will come down by as much as 1%. Already it has been evident that the [...]
Home Affordability »
It seems homes are the most affordable they have been in four years but they are still unaffordable for many and tightening lending criteria by banks isn't helping. This is the conclusion of the December Home Loan Affordability report from financial information website www.interest.co.nz, released as banks slash mortgage rates further. To own [...]
PIS in 2009 »
As many of you know I own Professional Investment Services (powered by Financial Gain). With 2008 being a particularly tough year for many businesses in the Lending, Property and Sharemarkets it was particularly tough for Professional Investment Services (powered by Financial Gain). Towards the end of the year it was apparent that PIS would have [...]
Lower rates on the way »
Lower interest rates are on their way. Yes interest rates are already at very low levels, however with news from the states that they have now reduced their interest rates to the lowest levels in 30 years this would indicate that we will see another significant decrease in rates at the next reserve bank meeting. Professional Investment Services [...]
Excitement Galore »
After nearly 3 weeks away on the Barrier I have returned to Auckland to find that 2009 has certainly started with a hiss and ....well maybe a meow rather than a roar. Being back at Professional Investment Services after so long away I spent most of today on the telephone or in meetings and more often than not the conversation turned to how bad [...]
Professional Investment Services »
In 2009 Professional Investment Services (powered by Financial Gain) will emerge as a more streamlined and efficient business. We are starting this process by moving offices away from the CBD and also outsourcing some of our services. Our monthly monitoring service will now be conducted by the Australian office as well as the loan [...]
