NZ Herald 6 August 2005
Q&As: 18-year-old should wait a bit before buying a house; Saving for the grandchildren — how much risk is good?; Rental property depreciation risks.
Q&As: 18-year-old should wait a bit before buying a house; Saving for the grandchildren — how much risk is good?; Rental property depreciation risks.
Q&As: What chattels can be depreciated separately in a rental property?; Share trading and tax on capital gains.
Keeping financial advisers on their toes — good for the rest of us. A warning to financial advisers: You’d better give good, unbiased advice to your next new client. And the one after that. And the one after that. You never know which one might be a “mystery shopper” working undercover. If you do serve a mystery shopper, they will report on a website whether the advice you gave “is truly in the best interests of the individual client” — something that Joe and Joanne Blow often find hard to judge.
Q&As: Pay off rental property mortgage as you approach retirement; When is a capital gain taxable?
Q&As: When to declare share trading profits; What to do if travel agent charges more for using a credit card; Different Visa rules in Australia, and how Visa operates.
Seize the chance: A great way to boost your savings. Also in this issue: From the Mailbox — Investment as retirement approaches.
Complexity of financial products no accident. Confirmation, at last, of what we’ve suspected all along: Providers of financial products may deliberately make them sound complicated.
Q&As: Is geared rental property right for everyone?; Perhaps the woman last week should wait befoe buying a house.
Q&As: Should woman buy a home now, despite Economist warnings?; A couple explores housing options; House prices falling in Australia.
House prices should worry reader. I’ve just re-read an email from a reader, and it concerns me — especially in light of a recent Economist cover story. The reader put $80,000 into two rental properties six years ago, and it has turned into $255,000, “with very little effort on our part.”