Auckland’s property-market circus a golden opportunity for speculators as home buyers feel the squeeze. We all know Auckland is the battlefront for the current housing explosion. What perhaps we don’t all appreciate is the forces at work. In yesterday’s article I laid out the chronic disease in our housing market and laid the blame for […]
KiwiSaver paper leaves investors in dark
In the fourth and final part of a series on investment performance, I look at regulation and information.
In New Zealand we still have a long way to go to lift the quality of our investment and savings decisions, and crucial to that is getting fund managers to report reliable data to the public on a regular basis.
In this article I focus on liquidity – an attribute of investment performance that slips below the radar for many investors. Once in a while they get a sharp reminder of its importance when they can’t readily access their savings – their portfolio is “frozen” by their fund manager.
Too many investors don’t take a blind bit of notice of risk. If we’re talking about your life savings the objective should be to increase its value, but subject to not losing it! This is an incredibly important qualification. In my article the other day (Risk, returns and keeping your nest egg safe) I identified […]
New Zealand’s problem is more about how well we manage our savings rather than how much we save. New Zealand has a weak track record when it comes to saving and an even worse scorecard when it comes to looking after what savings we have. It hasn’t been helped by the low standards in our […]
THE TACTICS- HOW THE INSURANCE MULTINATIONALS GET AWAY WITH IT When customers find they have been diddled and seek recourse, there is a well-established sequence of responses. This invariably ends in resolution but with the offending corporate free to do it again – if not to that customer then certainly to others. The sequence is: […]
Gareth Morgan, Director of Gareth Morgan Investments As the superannuation to and fro grinds on, many of us should be forgiven for thinking that a relatively simple issue is being addressed by an convoluted, complicated, high-risk, and expensive compulsory alternative. Why methinks, do Peters and Bolger persist when its clear their headed to total humiliation. […]
Gareth Morgan, Director of Gareth Morgan Investments There is little doubt that there are two types of politicians: Most, who will commit to whatever policy will get them re-elected, and a minority who have a vision of what's needed and pursue that whether it leads to re-election or not. Sir Roger Douglas was obviously of […]
Gareth Morgan, Director of Gareth Morgan Investments I'm just back from two weeks in South Korea, an economy described by its own press as being in recession, with GDP growing at a paltry 4% rather than the 7% to which they've become accustomed. Still the consensus is that it's a temporary lull only and within […]
Gareth Morgan, Director of Gareth Morgan Investments The decision by Prime Minister Bolger to change his mind on the efficacy of compulsory superannuation is apparently based upon the coalition compromise which will see the superannuation surtax removed. From Mr Bolger's perspective this makes the current scheme "unaffordable" without either raising the age of entitlement or […]