The announcement on August 26 that the Bonus Bonds Scheme would immediately stop taking new investments and completely close on October 31 came as a surprise for many retail investors.
Although its origin is debated, the first use of the term "paradigm shift" apparently occurred in the 1960s.
Along with other commentators, I have previously lamented the fact that the majority of the $57 billion held in KiwiSaver funds has been invested without financial advice.
In last month’s column, I discussed the self-inflicted harm that often occurs when we allow external factors, that are completely beyond our control, to influence our thinking.
I like to start the year by encouraging readers to review and refresh their financial goals for the coming year but I have been distracted.
As we approach the festive season and look forward to spending time in the company of family and friends, the events caused by the eruption of Whakaari-White Island seem all the more tragic.
With New Zealand interest rates at their lowest level in 50 years, I am seeing an increasing number of retired clients that are looking for better returns than are available from bank term deposits.
Apparently, our ability to see patterns is one of the mental shortcuts that evolution has imprinted upon our brains.
Since the release of the Tax Working Group's report last month the media has been rife with speculation on what the implications of a capital gains tax (CGT) might be.
In the aftermath of the GFC and our own particular variant, the finance company collapses, the Government was under pressure to improve industry regulation and enable investors to make more informed decisions.
It has been mentioned in these columns several times over the past few years that investors should adopt a long-term view in investing.
I have mentioned before in these columns the Foreign and Colonial Investment Trust. It is a very large fund of 2.2 billion, listed on the London Stock Exchange and dual listed on the New Zealand Stock Exchange.
Over the past week several economists have commented that "now is a good time to fix mortgage rates". I found this recommendation puzzling and was a little sceptical in that the banks have a vested interest.
The drift of the post-war "baby-boomers" into retirement is under way. Are you ready for retirement?
The Morningstar research report for KiwiSaver returns to December 31, 2011 make interesting reading.
Christmas is coming and many people cannot wait to get it over with and move on. As we are all aware, there has been considerable global financial turmoil this year. It is that time of year again where you can get yourself into trouble by getting carried away by the Christmas spirit.
Many investors are looking for income as current bank deposit rates of around 4%-4.5% are insufficient for their needs.
There has been much comment in the media lately concerning the large profits that the banks are reporting. In many ways it is a reflection of investors' own faults in a perceived flight to "safety" because of fear in the markets.
The research house Morningstar last week released its KiwiSaver Performance survey to September 30, 2011. With the funds now in place for just over four years, the number of contributors and the amount of funds under management, continues to grow.