Q&As: Reader wants to pay financial adviser according to performance, but advisers not so keen; Adviser’s reason for putting clients into finance companies is not good enough; RFAs — registered financial advisers — must also operate under stricter rules; Grandma might want to put conditions on financial help for student grandchildren.
Q&As: A reader’s attempt to recover tax on finance company interest is a nice try, but…; Wanting less and working less doesn’t preclude tall poppies; Creative ideas on how to cut household expenses; Did I get the banking system wrong, or did a reader?; At least one bank — sort of — will lend to share investors.
Q&As: Executives of failed finance companies can’t get away with wearing the dunce’s hat; Beware “investment houses” offering 20-per-cent-plus returns; Why did long-term investment go backwards?
Q&As: Where does the money go when a finance company fails?; How bank mortgage interest rates are set, and how to compare them; Should a reader switch from a fixed to a floating mortgage?
Where did the finance company money go? A reader is trying to get his head around his finance company loss. “I’m wondering if you would please consider writing an article on how investment companies lose their money — actually our money — and what happens to the money,” he writes.
Ridiculous offers shouldn’t be banned. Two recent press releases had a similar ring to them. Both warned about offers to buy investments at low prices. But there’s a key difference between the two situations.
Q&As: KiwiSaver trustee change raises questions about how much trustees protect members; Hazards of dealing with an overseas sharebroker; What’s the difference between investing and gambling?
Q&As: Which investment advisers charge fees — and why that is a good start. Plus: Winners of draw to go to Taskforce breakfast and lunch.
Q&As: “Gambler” with foreign currency movements had better get out of the casino before he loses more than his shirt; 2 readers object to what I said last week about managed funds — but are their comments fair?; The fun continues over classic cars and whether they make good investments.
Q&As: Tips for retired couple whose interest income has halved; Savings accounts may pay more interest than term deposits — but take care; Tax on foreign shares seems tough in current environment.