Archive for November, 2009
Success Is Easy »
I do not have superior intelligence or faultless looks. I do not captivate a room or run a mile under six minutes. I only succeeded because I was still working after everyone else went to sleep."
Some Good News From The Reserve Bank »
The outlook for the New Zealand economy and financial system has improved in the past six months as international conditions have stabilised, but some risks and challenges remain, Reserve Bank Governor Alan Bollard said today when releasing the Bank's November 2009 Financial Stability Report. "Financial market strains have eased, equity markets [...]
Invest or Reduce Debt – That Is The Question »
Quite often I am asked whether or not a client should pay their home off or invest and lately there has been a definite increase in the discussion about whether or not interest rates will increase, which then increase the discussion about investment vs. debt reduction. On the question of “Will interest rates go up?” I can tell you right [...]
Fractional Banking »
This is an excellent albeit simple explanation of the fractional banking system I found in a joke column. ********** It all started with my friend John. He had $100, and I had a nice big safe, so he asked me to store it for him. Next thing I know, my friend Bob asked me if he could borrow $90. I'm a kind person, so of course I said yes, [...]
Some Mortgage Brokers May Need To Become Authorised »
Financial Adviser Code Committee Proposals & Roadshow - Some mortgage brokers may need to become authorised Proposed minimum standards of competence, knowledge and skills for authorised financial advisers (AFAs) were released last week. The Securities Commission and the Code Committee also conducted a consultative roadshow in the main [...]
