Crypto operates on the greater fool theory. Because it has little real world use currently, investors are buying it on the premise that they will be able to find someone down the line willing to buy it off them – the greater fool, or some optimist who believes they have found their own golden ticket.
Stewart Group has donated a Te Mata Coleraine Vertical of 32 vintages (1982–2016) from their private collection, all due to be auctioned at this year's Hawke's Bay Wine Auction pre-tasting event in October.
When KiwiSaver was established on July 1, 2007, the scepticism it had faced turned out to be unfounded. In a little over a year, more than one million people had signed up.
Private health insurance helps with the cost of many non-urgent procedures and provides prompt access to private hospitals for the treatment.
What if organisations could automate tax classification and verification work that currently takes thousands of man-hours to complete? Or process millions of transaction records within seconds?
Just as winemakers don't have any say over the weather, investment managers can't control the markets. Savouring a vintage wine is one of life's great pleasures. But often overlooked in the joy of consumption is the carefully calibrated journey from grape to glass. Similar levels of care are critical to good investment outcomes.
The global fashion industry is fickle by nature, pushing and then pulling trends to keep hapless consumers forever turning over their wardrobes. Some people in the financial services industry work the same way.
A big part of the financial services industry has a vested interest in convincing you that the key to a successful investment experience is staying busy. Where you stand in the debate about staying "busy" by thinking like a trader often depends on whether you see investment as the means to an end or as an end in itself!
Have you ever asked your financial adviser a raft of questions like ... "In the advice you are giving me today are there any benefits you are going to receive?" It's is worth asking!
Globalisation has made it easier for people to invest money outside their tax residence jurisdiction. This has provided opportunities for offshore tax evasion.
According to a global sustainable investment group that covers Australia, New Zealand and other developed nations, assets managed under "responsible investment" strategies increased by 25 per cent between 2014-16 to US$22.89 trillion.
Providing our kids with a strong financial foundation starts early and at home. To become a positive financial mentor for children means understanding how to approach the conversations.
When you haven't got much capital of your own, the road to financial security can seem long, hard and complex. But the truth is that wealth building is relatively simple. All it takes is time and the price of a cup of coffee.
“Quite a lot of (FSLAB) is similar to what we experienced across the ditch,” Mancell told a group of NZ advisers last week. “You should be cautious about the legislation coming your way.”
Have you ever made yourself suffer through a bad movie because, having paid for the cinema ticket, you felt you had to get your money's worth? Some people treat investment the same way.
Wills are something every New Zealand adult should have. Will allow you to say what you want to happen to your property after you die—even though you won’t be there to say it yourself. And yet every year, thousands of New Zealanders die without a will.
For every dollar that you put into your KiwiSaver account, the government will put in 50 cents, up to a maximum of $521.43 per KiwiSaver year.
Most of us have multiple roles — as business owners, professionals, workers, consumers, citizens, students, parents, and investors. So, our views of the world can differ according to whatever hat we're wearing at any one time.
Like farmers planning a harvest, investors pinning their expectations on statements about arithmetical "average" investment returns can be disappointed. As with rainfall, market returns are rarely evenly distributed either across time or place.
It's easy to avoid discussing money with your parents, and in some families, the subject is almost taboo.The topic doesn't become easier to broach as parents and children age, but it does become more important.
The ongoing revelations about how Cambridge Analytica exploited Facebook to harvest millions of profiles have laid bare the seeming lack of control we have over our own data.
Our fortnightly newsletters carry our latest blog articles and podcast episodes.
We respect your privacy. You can unsubscribe anytime.
