Over the last few weeks, we have seen turbulence in investment markets as a result of the Greek impasse, the over-exuberance of the Chinese sharemarket and the fall in the oil price. This turbulence reinforces the importance of financial planning, having your investments invested in the appropriate risk profile, having them well diversified and having…
An amusing topic of conversation for all socio-economic groups, ages and sexes. BUT – here is proof – no, women are not bad drivers. Now, there could be a number of reasons for that… Maybe women don’t drive as far? As much? Hmmmm. Some light relief for a cold August.
For most of our clients, have the freedom to retire one day is a core financial planning goal. For a lot of people, this means having the choice about whether they work, or how much they work, or what kind of work they do. Whilst ‘retirement’ is changing these days, with a number of our…
Since 2002, Moneyworks have provided services to our clients from a lovely office at 23 Noni Street in Turangi. Our advisers have spent much time travelling and ‘on the road’. Since Moneyworks was established in 1997, we have communicated with our clients by email. Technology has always been a core part of the way that…
I have worked in the financial services industry for well over 30 years now (yes, all my working career). From time to time, something happens that makes me look back at ‘how things used to be’. The financial markets and the world used to be a lot simpler. There were several main local and global…
Milford Asset Management has been under investigation by the Financial Markets Authority (FMA) for alleged market manipulation. We advised our Membership Clients on 2nd April 2015. Since this time, Milfords’ mandate from the NZ Superannuation Fund has been suspended, and the FMA investigation has been ongoing. Yesterday the FMA announced that a settlement…
When KiwiSaver was launched, one of the key features negotiated was the ability to withdraw your savings and your employers contributions for the deposit on your first home. At the same time, it was announced that first home buyers that had been contributing to KiwiSaver for 3 years or more would be entitled to apply for…
Since the start of February, five people in my life have passed away. Fraser (52) after a long and brave battle with Motor Neuron Disease, Peter (78) had prostate cancer, but his death was sudden and Helen (90 1/2) my role model and mentor on how to age with dignity and elegantly. These were followed…
At Moneyworks, we help our clients to manage their KiwiSaver accounts and for many of our clients to build an investment portfolio. The investment portfolio is usually designed to provide them with assets to live off in retirement. For a number of our clients, we also advise them on their portfolio of term deposits, which…
In our conversations with people, and during the seminars that we present, we find that most people in New Zealand are under the mis-understanding that their Term Deposit investments with NZ banks are ‘safe’. There are three factors to consider when deciding whether these investments are ‘safe’. 1.Investment Volatility When compared to the risk and…
