Mary Holm https://maryholm.com NZ's most trusted personal finance journalist Fri, 23 Oct 2020 11:00:14 +0000 en-NZ hourly 1 https://wordpress.org/?v=5.2.7 NZ Herald 24 October 2020 https://maryholm.com/nz-herald-24-october-2020/ Fri, 23 Oct 2020 11:00:01 +0000 https://maryholm.com/?p=10370 How to buy a car without a chequebook Advice on banking without cheques $11.98 for a 40-hour week! More on the tax on KiwiSaver and other PIE funds Act fast to beat NZ Super change for some couples QI am surprised at the lack of protest at the arbitrary decision of banks to phase out cheques over the next few months. It’s no doubt motivated by cutting their costs and increasing already large...

Source

]]>
RNZ Radio 22 October 2020 https://maryholm.com/rnz-radio-22-october-2020/ Thu, 22 Oct 2020 02:08:35 +0000 https://maryholm.com/?p=10367 2 reasons to invest in shares: long-term growth and entertainment New Zealanders’ interest growing fast — especially 25–44s and males Like 1980s? Unlikely to beat the market Watch for pumping and dumping Don’t be an insider trader Margin trading and options 2 helpful websites Conclusion: only money you can afford to lose Listen to the segment below, or click here to read Radio NZ’s summary.

Source

]]>
NZ Herald 17 October 2020 https://maryholm.com/nz-herald-17-october-2020/ Fri, 16 Oct 2020 11:00:51 +0000 https://maryholm.com/?p=10363 Boys’ KiwiSaver first home savings should work well No clear answer for family’s mortgage dilemma What if that cheque had been bigger? Reader can still call it a “cheque” account! Challenge on PIE tax only partly right QI’m a solo mum with two boys, 9 and 12, living in ever-expensive Auckland. I’m determined to get on the property ladder, so that’s a work in progress.

Source

]]>
NZ Herald 10 October 2020 https://maryholm.com/nz-herald-10-october-2020/ Fri, 09 Oct 2020 11:00:54 +0000 https://maryholm.com/?p=10356 Time to accept that cheques are a thing of the past, and learn online banking “What’s that?” — the young ask about a cheque book For short-term money use term deposits or a cash fund Reader misses the point about fun element in Bonus Bonds One bank offers car and cash prizes on savings How to seek refund if you’ve overpaid tax on NZ Super QMy BNZ branch advised me recently that from July 2021 they...

Source

]]>
RNZ Radio 8 October 2020 https://maryholm.com/rnz-radio-8-october-2020/ Thu, 08 Oct 2020 02:15:31 +0000 https://maryholm.com/?p=10353 New free booklet I wrote: Hits and Myths — an introductory guide to investing — at fma.govt.nz Today we look at one of the booklet’s 8 Myths About Investing: “Investing is too risky”. Types of risk: You won’t get the return you want because of inflation You won’t get the return you want because of volatility You’ll lose some or all of your money Importance of diversification You can also watch a...

Source

]]>
NZ Herald 3 October 2020 https://maryholm.com/nz-herald-3-october-2020/ Fri, 02 Oct 2020 11:00:34 +0000 https://maryholm.com/?p=10334 Rule shows how long it takes for an investment — and a debt — to double One reader quits Bonus Bonds for term deposits… … While another suggests a way to keep the fun rolling on Bonus Bonds exit annoys businessman Move from term deposits into KiwiSaver fund ups the volatility Better to leave the money in two countries than one Your questions, a webinar and a guide to investing QRiffing off your...

Source

]]>
NZ Herald 26 September 2020 https://maryholm.com/nz-herald-26-september-2020/ Fri, 25 Sep 2020 12:00:58 +0000 https://maryholm.com/?p=10330 If it looks like a scam… How to work out return on an investment Where to put the grandkids’ Bonus Bond money Bonus Bond investor seeks another fun investment Readers seek details about NZ Super payments QIs the following a scam? Since getting it and filling out a form, they have been phoning me day and night. Please reply in your column or by e-mail, I’m not answering my phone for that...

Source

]]>
RNZ Radio 24 September 2020 https://maryholm.com/rnz-radio-24-september-2020/ Thu, 24 Sep 2020 03:15:57 +0000 https://maryholm.com/?p=10327 Worries — job losses, rising interest rates 2 types of borrowing — for things that grow in value and things that don’t Deferring payments — what that means Pay off highest interest first Set up automatic payments Add to mortgage? Buy now pay later. No interest but fees if late In trouble with a loan? Talk to lender Listen to the segment below, or click here to read Radio NZ’s summary.

Source

]]>
NZ Herald 19 September 2020 https://maryholm.com/nz-herald-19-september-2020/ Fri, 18 Sep 2020 12:00:35 +0000 https://maryholm.com/?p=10314 Are you getting as much NZ Super as you should be? KiwiSaver withdrawals are tax-free Reader “finds” $45,000 ASB and ANZ still not offering offset mortgages Bonus Bonds payout for people overseas FMA is watching ANZ on Bonus Bonds Unlikely someone else will start Bonus Bonds lookalike QI always read your column in Saturday’s Herald. When you recently published the NZ Superannuation amounts I...

Source

]]>
NZ Herald 12 September 2020 https://maryholm.com/nz-herald-12-september-2020/ Fri, 11 Sep 2020 12:00:17 +0000 https://maryholm.com/?p=10303 Compound interest can do astounding things over long periods Could helping adult children through an offset mortgage leave parents in the lurch? How do others on average incomes save for a house? The risks for Bonus Bond holders in waiting for the wind-up What if you think your deceased relative had unredeemed Bonus Bonds? QI don’t understand how you got your figures for the Q&.

Source

]]>