Q&As:
– Where to keep money for jewellery while awaiting Italian trip …
– … And where to keep it while awaiting a house purchase
– Give money to grandkids rather than their parents
– Invest a lump sum now, or wait?
– A few more “money rules”, and a source revealed
– Good Samaritan helps out last week’s struggling tourism operator
Q&As:
– 20-year-old could perhaps try borrowing to invest in shares
– Reader misunderstands 10-year share rule
– KiwiSaver fund a good idea for great grandson
– How KiwiSaver is taxed, and what happens the year you turn 65
– “But the cheap wine tastes better!”
– Take care with employee share ownership schemes
Q&As:
– Treasure hunt: Could this old term deposit be worth a fortune?
– A couple of worries about a share investor’s confidence
– “Spend while you can” says reader’s adviser
– Too few women in the Business Herald?
– One reader appreciates her real estate agent’s work …
– … While another sold easily without an agent
Going through our Lucky 13 Money Quiz
– Questions and answers to online quiz for Money Week
– Discussion on the harder ones
– The one question few people got right — about house prices
Q&As:
– Employers should contribute to KiwiSaver even when employees don’t
– Another way to negotiate fees with real estate agent
– Selling houses decades ago
– Eye-opening way they sell houses in California
– Don’t pay agents until deal is sealed
– Tax makes term deposits even worse in inflationary times
Q&As:
– How to invest as inflation increases
– Does my writing stand the test of time?
– KiwiSaver provider’s services could be better
– Reader has a good laugh about real estate commissions …
– … while another one defends agents
– When agents sell their own houses
Q&As:
– Safe, accessible, and going backwards — invest beyond bank accounts
– KiwiSaver a good spot for grandfather’s gifts
– My “cavalier response” last week about p/e ratios angers reader
– Comments from a café in Thames
– Why long-term rental leases might not work…
– … And how they might be made to work
Test your knowledge of financial basics
Commission for Financial Capability did a survey:
– 22% got everything right
– Men did better and so did older people
– The questions — and later the answers
– Women with children did worse — why perhaps?
What is investment risk and what can you do about it?
New free booklet I wrote: Hit 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 webinar I did with FMA on investing, at fma.govt.nz
Q&As:
– Where to put your money if you’ve lost faith in all financial assets
– Why being in a balanced fund isn’t always equal to being in both low- and high-risk funds
– Suggestion for last week’s couple unable to buy a home because of his parents’ mortgage
– Tax on PIEs and uneven tax burden
Plus:
– How to make use of new info on KiwiSaver statements