The New Zealand dollar retreated overnight after hitting a new six-month high against the greenback around US61.25c during the evening.
However the share markets benchmark index climbed to a 6-1/2-month high during morning trading before going into a rapid decline after the opening of the Australian market.
My “favorite” share (it’s a long story and yes those are inverted comma’s) was making some ground but news that Telecom, gearing up to launch its new $574 million mobile phone network, will face a new competitor from August seemed to put a dampner on the run.
China fell deeper into deflation in April, but economists said the central bank was unlikely to shift policy as a result and expressed confidence that prices would be rising again before the end of the year.
This does not bode well for the world economy however there have been other signals of recovery over the last month or so.
At the end of the day though you need to take responsibility for your retirement. I believe that it is going to be impossible for the government to fund a pension scheme by the time I reach 65, what do you believe?
Creating wealth for your retirement is actually quite easy as long as you take action and follow sme simple rules.
At Professional Investment Services (powered by Financial Gain) we are able to help you develop a strategy that will allow you to create wealth for your retirement at your own pace. We help you plan and then monitor your stratgey making tweeks along the way to ensure you are always in control.
Give us a buzz on 09 3033305 and spend an hour with one of our wealth coaches, this is absolutely free and will gve you an idea of how we can help you. You have nothing to loose and everything to gain.
