In Long Run, There’s No Such Thing as an Einstein Investor

There are no easy answers in investing. It is tempting to replicate a successful strategy — one created by an outstanding investor, like Warren Buffett, or through in-depth statistical analysis of the wisdom of crowds — and such approaches can actually work for long periods. But paint-by-number portfolios won’t succeed forever. And without deep expertise, it … Read more…

Get Sorted: KiwiSaver deadline is end of June

Deadlines can bring out our best work. Why is that? There’s something about being under the pump that makes us rise to the occasion and simply get it done. We just find a way somehow. This time of year – before June runs out – is the deadline to get the annual $521 from the … Read more…

A Question of Balance

We humans tend to prefer avoiding losses than securing gains. That’s why volatile financial markets make us feel so anxious. Helping us to find a balance amid these natural emotions is the mark of a good advisor. To understand the value of good advice, it helps to reflect on the cost of bad advice. And … Read more…

Focus on the Controllables

For the person who lives a virtuous life, of steadfastness and good judgment, happiness is always within reach – Massimo Pigliucci Lucius Annaeus Seneca is a towering and controversial figure of antiquity. He lived from 4 BCE to 65 CE, was a Roman senator and political adviser to the emperor Nero, and experienced exile but … Read more…

Joyce hints at savings tax rethink

New Zealand savers may yet get some tax relief.  Finance Minister Steven Joyce says he was not able to look at taxation of savings in his first budget, but it’s an issue he will return to “if I’m given the chance.” Unlike almost every other developed country, New Zealand does not provide any tax concession on … Read more…

Budget 2017: The forgotten middle-class

With the Government in a position of surplus it would be good to see some incentives introduced in this year’s Budget, beyond the social investment being targeted in the announcements made to date, says local financial adviser Nick Stewart. Based in Hastings, Stewart Group deals with the financial affairs of people across the country, and … Read more…

Telling Stories

As regular readers know, the cognitive errors that investors make are regular fodder for discussion in my columns. I spent years trying to understand these mistakes, which eventually led me to the worlds of psychology and neuro-finance. Yet my critics often say I am guilty of the same sort of narrative fallacy that I so … Read more…

Defining ‘Enough’

I have a secret for you. This secret will allow you to double your income in 18 months for only five more hours of work per week. Do you want to know the secret? If you answered “yes,” I want to give you an opportunity to double down: Triple your income in 18 months for … Read more…