Archive for June, 2009
Do You Know What Your Advisor Does »
I read the following article this morning and while it supports what I have always said, Strategic Asset Allocation provides more return over the long run than Tactical Asset Allocation it dawned upon me that for many clients they probably don't even know the difference between the two. One of the things we make very clear in our business is [...]
Financial Advisors Deserted »
By Vishal Teckchandani Fri 26 Jun 2009 More than 25 per cent of wealthy clients in 2008 withdrew their assets from their wealth management firm and deserted their financial adviser, new research shows. More than one in four high net worth (HNW) clients in 2008 withdrew their assets from their wealth management firm and deserted their [...]
Experts Advise to Fix Short Term »
Many experts are advising the best option at the moment is to fix your mortgage for short terms. This week HSBC bought it's 6month rate down to 5.39% which is now the lowest six-month rate on offer. Westpac and Public Trust also cut their six-month rates bringing them to 5.50%. I have just fixed my ANZ loans for the short term as well.
Weekly Update »
In the last week we have seen the reserve bank leave interest rates where they were which as you are probably aware did not go down well with me. The banks have pretty well refused to lower interest rates and have announced significant profits in a time when the rest of the world is suffering from the actions that they took (i.e poor lending [...]
Completely Wrong »
The Reserve Bank has left the Official Cash Rate (OCR) unchanged at 2.5 percent but indicated it may cut again. It's the first time in nine reviews of official interest rates dating back to June last year that the central bank hasn't cut the OCR. Reserve Bank governor Alan Bollard said today although the economic outlook remained weak both [...]
Casting no stones »
This article came across my desk earlier this week and I thought it was particularly interesting. The discussion is a good one and highlights the very uncertain nature of the financial planning process. I hope you enjoy it as much as I did. Professional Investment Services (powered by Financial Gain) can help you make sense of what when and how [...]
Interest Rates »
ANZ and the National Bank have both increased rates for most terms of 18 months or more. The one rate they haven't changed is for a two-year term. The increases are all in the 10 to 15 point range. Much of the attention has been on ASB for hitting the 8.00% mark with its five-year rate. ANZ has increased its five year rate 14 points to 7.99%, [...]
Back In Auckland »
So a week away in Australia surfing and enjoying the warmth has me fired up to get ready for the next trip over there in about a month. I saw Michael Hill receive great honors at the world entrepreneur awards and it was interesting listening to him talk about what he would like to do next. Our share market was off to a flying start this morning [...]
