Archive for April, 2009
Good News Thursday »
"We expect to keep the OCR at or below the current level through until the latter part of 2010. The OCR could still move modestly lower over the coming quarters." - Alan Bollard "Dwelling consent numbers fell in seasonally adjusted terms in March, with the number issued last month 30.4 percent lower than a year earlier. Statistics New Zealand [...]
Banks Profit While Others Suffer. »
The following article is produced from the NZX site. Remember this is just my opinion and not that of Professional Investment Services (powered by Financial Gain), I am just one of the many people who make up the group (see more here at our main site www.nzpis.com ) The article talks about the profit made by the BNZ and NAB yet other commentary [...]
Why our Market is Different to the USA »
Why the Market is Different to the USA We have no real oversupply of properties here, as there is in the USA. We did not have a large sub prime mortgage sector and our mortgage rates were higher. The lowering of mortgage rates here is having a proportionally more positive effect in this country. Another difference is that we do not have a [...]
Big Changes for Professional Investment Services »
There are big changes happening at Professional Investment Services (powered by Financial Gain) and all in an effort to deliver an even better service than before. The most notable change will be that our office hours are going to shift from 9am to 5pm to 12pm to 8pm. This shift allows us to be more accessible to our clients in the evening [...]
Short Sales and Forclosures »
Professional Investment Services (powered by Financial Gain) is all for investing in to Real Estate however the kind of investing described here in this article falls outside the normal realms of standard risk profiling and would therefor not be an appropriate strategy for a financial plan. I have added the article because it is good to understand [...]
End of Week. »
Today the New Zealand sharemarket crept ahead early, helped by small gains for some leading stocks. The property market on the other hand experienced a 9.3% decline in national property values over the past year (compared with 8.9% last month). There are signs though of elevated buyer activity in the market, with more people attending open [...]
WE'VE BEEN DECEIVED AND CHEATED »
Bruce Bartle has owned rental properties and ran his own cleaning business during his working life. The 70-year-old didn't see how Blue Chip could work and was reluctant to invest until a 2-hour lunch meeting with lawyer Jonathan Mathias. After that, he was convinced - so much so that he wrote to his brother enthusing about the opportunity. Now [...]
Prices on the move upwards. »
According to the Real Estate Institute of New Zealand (REINZ) house prices are lifting. At Professional Investment Services (powered by Financial Gain) we have been saying this since early December (in the Auckland market at least). Is this so for the rest of the country? I doubt it. The reality though is that the measurements used to [...]
Broking Industry ready to die. »
Brokers could foot the bill as insurers look to cover themselves from the worsening economic environment by increasing premiums on professional indemnity insurance. According to The Australian Financial Review, businesses are facing double digit increases in indemnity insurance premiums as insurers prepare for a surge in negligence claims as a [...]
The Recession is Over – Not »
A faint silver lining from US factory data First, US consumers cut out all but essential spending. Then came the business retrenchment. The next stage will be recovery, and while the recession probably has a bit further to run, the pieces are falling in place for a bounce, albeit a modest one. Would you like to discuss this? Visit [...]
