NZ Herald 8 October 2005
Q&As: 5 on how different types if families should be taxed; Many readers sent submissions to the government on proposed changes on taxation of international shares; Am I a National Party supporter?
Q&As: 5 on how different types if families should be taxed; Many readers sent submissions to the government on proposed changes on taxation of international shares; Am I a National Party supporter?
A message that goes too far — Shares beat mixtures over long term. I take exception to a recent New York Times article entitled, “The long-term lesson: It pays to diversify”. If you look hard at the numbers quoted by the writer, they show just the opposite.
Q&As: Should single people get tax breaks too?; Several Q&As on proposed tax changes on international shares; How you can sell your home via a website; What are our tax rates?
Q&As: What are reasonable conditions for a home buyer to insist on?; Government’s proposed tax changes on international shares.
Wellington and Christchurch dwellers big spenders and risk takers. So much for Aucklanders’ image as the big spenders, risk takers and owers of debt! Wellington and Christchurch dwellers are more inclined to put some of their savings into high-risk, high-return investments than Aucklanders, a recent survey shows.
Q&As: Don’t be rushed into buying an apartment; 2 Q&As on how student loans can be invested; A finance company has its say.
Q&As: How to go about investing your student loan; How to find rating information on finance companies.
Share pickers respond to my doubts. Even as I typed it, I thought a certain sentence in my last column was bound to cause trouble. “Lots of research,” I wrote, “shows that an individual investor who researches companies doesn’t tend to do any better than someone who chooses shares at random.” Sure enough, a man who describes himself as “a paid-up member of the share pickers guild” emailed me.
Q&As: Grandparents don’t need a trust to save for their grandchildren; New Zealand’s tax on capital gains is confusing; Depreciation on rental property.
Is it dumb to diversify shares or property? Diversification is not all it’s cracked up to be, according to a man who read my last column, which praised the spreading-your-risk idea. “Bill Gates didn’t diverse much, and it didn’t do him much harm,” he writes. “The fact remains that the richest people on the planet have become that way because they haven’t diversified.