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Warnings about Wholesale Investments and Syndicated Property Trust

Since January 2023 our inboxes have had a solid stream of emails from the Financial Markets Authority (FMA) and from Business Desk warning about the risks of Wholesale Investment Offers and about Syndicated Property Trusts that are in trouble.The information below has been gleaned from a Business Desk article.  Please read it and share the information with your friends and family so that the awareness of the risks and issues is increased.In our business at Moneyworks we don't know any clien...

I got text toll scammed (Along with 99,999 other people) - and updates on other scams that have been in the news

Scams are becoming increasingly sophisticated and we thought it was time to update you on things to watch out for.  There are three different scams that we will cover in this blog post.  Please read and be aware.Text Toll ScamsI am a hyper-vigilant person when it comes to cyber security and scams, but I am also a very conscientious person.  So on a Saturday morning a few weeks ago when I got a text telling me that I owed a toll, I was caught off guard and went to pay it.  At ...

Failed Mammograms, Dense Breasts, Breast Cancer

In Australia, all women have a mammogram annually until they are aged 70 (when it moves to being every two years).  In New Zealand, we are entitled to have a free mammogram every two years if you are a women aged 45 to 69.In February 2022, our wonderful sister in law Kerrie went for her mammogram and the results were all clear - nothing wrong.In November 2022 as Kerrie was getting dressed, her arm brushed her left breast and she felt a lump. After seeing the doctor and then having more test...

Gender Diversity initiatives in the financial industry

In addition to the United Nations Sustainable Development Goal 5 (SDG5) which relates to achieving gender equality and empowerment of women everywhere, there are specific initiatives that aim to increase the representation of women in companies. The 30% club and 40:40 Vision are two initiatives that some of our fund managers have signed up to.  40:40 vision aims to see women fill 40% of executive roles in the top 200 listed Australian companies by 2030 – again based on a clear a...

Having Women Fund Managers in the investment team increases your return

For many years we have heard about how individual women approach investing differently to men and make more money (on average 0.40% pa).Women tend to invest for longer, don’t try and time the market, are generally more risk-averse than men.  Men engage in 45% more trading activity than women, while women focus more on the big picture. Numerous studies have shown these patterns over time for individual investors, with women being more prepared to ask for assistance and education, instead o...

Women on Boards and in Senior Management produce greater shareholder returns

MSCI have observed a correlation between female directors and strong talent-management practices and higher growth in employee productivity. Where there is a minimum 30% representation of women on boards, the evidence shows that there are greater shareholder returns. Boards in New Zealand, Australia and globally (but not in emerging markets) are seeing an average of 30% of women on boards.  But there are still companies that have no representation.  Based on the greater shareholde...

How do women make a difference in the financial and business world?

Since I began my career in the financial world in 1985, I have been an anomaly – as a professional woman.  When I worked in Australia, I couldn’t compete with the male Business Development Managers who entertained the male advisers at strip clubs (nor did I want to).When I began the financial planning business which is now Moneyworks in 1997, I was one of two women that I knew in the advisory eco system that I was working in.  This has been slow to change, and I’ve adapted and do...

Ai for bad (instead of for fun or good means) - tax season scams

We have warned our clients about scams and cyber security for many years.  But Artificial Intelligence or AI is going to take the threat to a new level.While it was relatively easy to spot the spelling mistakes and bizarre writing and images in old school scam emails and text messages, the ability of AI to personalise a message to you, or create a fake person or a fake voice, AI is going to make it harder to spot a scam.Tax ScamsWith 31st March being the end of the New Zealand tax year, sca...

Authenticity beyond Greenwash - Carey Church with Mindful Money seminar

As part of Moneyworks commitment to educating the public and other advisers about ethical investing, Carey participated in the Authenticity Beyond Greenwash seminar with Mindful Money.Watch the seminar by clicking here....

Some interesting Graphs about markets and economies

At Moneyworks we attend many (many) presentations about what is happening in the world and the economy and our fund managers outlook on the world.  As we outline to you in our 'fund manager focus' at the annual review this year, all active fund managers are continually looking at what is happening in the world (inflation, employment, interest rates, megatrends like cyber security, climate change, demographics) to work out where the world is going and how that will impact on the investments ...

Actively Engaging on Diversity Equality and Inclusion - a case study

While many of the fund managers that Moneyworks recommends label themselves as 'ethical, responsible or sustainable' fund managers along with the relevant certification, we have found that one of our fund managers who doesn't carry those labels is very actively engaged with their investee companies.Moneyworks has recommended Magellan Global Fund to our clients since around 2008 and continues to recommend the fund as a core investment in our hybrid portfolios.  We like the style of the fund ...

Mens Underwear and Lipstick - predictors of recessions

Recessions are a normal part of the economic cycle (unless you live in Australia which apparently deserves its 'lucky country' moniker - they haven't had a recession since 1991 - all those resources and banks...)There are a wide number of indicators that fund managers, economists, Central Bankers look at to predict recessions, including real gross domestic product, income, employment, manufacturing, and retail sales. However, there are some more quirky indicators that people in the know loo...

Heart Attacks in women - they are different to men - and can affect healthy women

As many of our clients are women, when I heard this podcast about a particular type of heart attack that affects healthy women, I thought it was important to share the information. [ Interestingly, when looking for a photo to attach to this article, I couldn't find a freely available photo of a women having heart attack....]Here is the blurb from the podcast (that I strongly advise you to read) from RNZ:And here is the link to the podcast: https://www.rnz.co.nz/national/programmes/ninetonoo...

Fossil Fuel companies working [not] to reduce fossil fuel production

Last year, when talking about how tricky it is to invest in fossil fuels, one of the reasons that we said it was tricky is because the big fossil fuel companies (think BP, ExxonMobil, Shell, Chevron) have the huge cash inflows that mean that they can commit to investing in renewable energy and research and development, therefore they aren't 'all bad'.Well, all it took to change that was an invasion of Ukraine and the associated increases in the price of fossil fuels.  (See the graph above f...

Children - Cyber - Issues - The Future?

This short film (about 14 mins) - 'Capture - Who's looking after the children?'  is a marginally tongue in cheek look at parenting and the issues with the cyber world.  Starring Jodie Whittaker (Dr Who), this is free to watch and share from Financial Times.  We strongly recommend that you take time to watch it and mull over the issues that it is posing.  Please feel free to share it with others.Watch here -  'Capture - Who's looking after the children?'...

Moneyworks helping other financial advisers learn about ethical investing

For the last 26 years Moneyworks has focussed on educating our clients about investing and financial planning and more recently ethical investing.  This year, we are working more closely with one of our industry publishers to increase the knowledge of our fellow financial advisers about ethical investing.  This includes the online publication 'Good Returns' and the hard copy magazine 'Asset'.Read more by clicking on this link. https://www.goodreturns.co.nz/article/976521222/making...

How companies tackle climate change -  active engagement in action – The Norway Oil fund

At Moneyworks, we believe that a core responsibility for fund managers is that they represent their investors by engaging with the companies that they choose to invest money into.  There will be some funds (for example defined index funds or index funds) where that is not a part of their service offering, but for the majority of funds that Moneyworks recommend, this is a core part of their job.Engagement is the first step.  This represents the fund manager continually talking with the ...

Digital Security - it isn't getting any less important

Every few years, at Moneyworks we do a digital security project with our clients, to make sure that they are taking their password protection seriously.  Our last project was encouraging our clients to make sure that they had more complicated passwords (using symbols where possible) and to turn on Two (or Multi) Factor Authentication. As more of our life becomes driven by apps and digital systems, it is becoming more and more important to have strong cyber hygiene. One method of d...

The Bank of Mum and Dad - get good experienced advice before getting yourself into a tricky situation

Buying a home – a rite of passage in New Zealand.  But as we know with the recent soaring prices of houses since Covid (even though they have abated a little as interest rates rise), it has been extremely difficult for people to get into the housing market.This is particularly so for younger people, who are starting out building their wealth and starting their families.  While KiwiSaver can help with building a deposit (which can be withdrawn to purchase a home), and through the Gran...

It’s been a doozy of a bear market – what happens next?

2022 will go down as one of those years that investors will talk about forever.  Not only did the share markets fall around the world, but bonds (or fixed interest) fell as well.The graph above shows the impact of this unusual dual fall on a balanced portfolio (this graph assumes that a balanced portfolio is 50% growth – equities and property, and 50% fixed interest and cash).If you are feeling rattled by the investment returns and values, it is because between the two asset classes falli...

Update on Climate Change Reparations from COP27

In the November newsletter, we raised the issue of Climate change and the compensation question. Surprisingly an agreement WAS made about compensation at COP27, heralded as a landmark moment in global climate politics.The agreement (adopted without a single objection) acknowledges that the emissions created by richer nations are responsible for the damage that results from the higher temperatures. As we outlined in November, New Zealand had already committed $20m and smaller pacific and isl...

2022 Rotary Cambridge Garden Festival - a great success

Since 2018, Moneyworks has been a premier sponsor of the Rotary Cambridge Garden Festival, and Carey has been the organiser and main volunteer.  Built from scratch in 2018, the 2019 Garden Festival was a great success, 2020 was Covid cancelled, and 2021 was Covid cancelled (3 weeks before the event, but still raised over $15,000 from kind donations of the ticket purchases).The 2022 Garden Festival was held on Sunday 20th November, amidst rain and thunderstorms, but the 1,500 ticket purchase...

Trauma Insurance - it does work - but definitions are vital

Trauma insurance (or critical care, serious care insurance depending on your provider) is part of the suite of personal insurances that Moneyworks recommends to our clients.  We have used trauma insurance since day one (14/02/1997) and have seen our clients receive many payouts, mainly for heart and cancer related conditions. Trauma insurance is a 'living insurance', like income protection insurance, which pays out while you are alive.  Life insurance covers expenses and provides ...

Holiday Hours and Festive Season Greetings

As usual, Moneyworks will be closing down over the Festive Season as follows: Office closes: Thursday 22nd December 2022 Office re-opens: Monday 9th January 2023 Not all of our team will be available during January, but they will have their out of office on, with instructions on how to get an answer to your query. We will be monitoring our emails every now and then if you have an urgent situation (ie an insurance claim). We wish all our clients and colleagues a fantastic festive season and safe ...

House insurance premiums are increasing - find out why

2022 renewals for house insurance premiums are the biggest increases for many years, but it is important that you have full cover in place so that you aren't facing a large shortfall if you need to claim. [For more articles on house insurance, go to our blog and search for house insurance].There are a number of reasons that premiums have increased this year, we will step through them.1. EQC (Government Earthquake Commission Levy). From 1st October 2022, the coverage has doubled from $150,00...