Gender differences in handling money and investing
ASB info from customer transactions:
– Spending
– Money management
– Saving
– Retirement savings
– Knowledge
Other research:
– Risk
– Trading
– Scams
Messages for each gender
DON’T BE SCAMMED!
– Bernie Madoff (just died) and David Ross (recently released from prison)
– Who is most often approached, and how?
– Types of scams — boiler room, Ponzi, high-risk products, shares, software packages and seminars, imposter websites
– What to do if considering an investment that might be dodgy
– What to do if you think you might have been scammed
Q&As:
– Ignore hot tip about market downturn — unless it scares you
– Switching from term deposits to KiwiSaver in retirement is not without risk
– “Millionaire-making” companies on warnings list
– Weighing up mortgage offerings is tricky
– Covid-19 aside, bank communicated poorly
Q&As:
– Don’t put more good money after bad — please!
– Did the girls deserve lower pay back then?
– IRD can offset your refund against tax debt
– Bonus Bond alternative not so easy
– Are couple in their eighties planning Bonnie and Clyde robberies?
Q&As:
– 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
Q&As: House price fall not bad news for everyone; No thanks, Pete, I’ll skip your offer; Long-term landlord could lose nearly a third of value under CGT; Why the fuss, property investors?; Landlord happy to accept CGT; I misread last week’s letter, but the point is unchanged
Scams — warning signs and false friends: Who are the main victims (you might be surprised); What should make you wary?; When you shouldn’t take comfort; Rule Number 1 in the fight against scams.
Q&As: It’s not crazy to buy when the share market falls; Recent volatility helps KiwiSaver members decide about their fund; KiwiSaver or term deposits for a retiree?; Withdrawals from all managed funds are tax-free; What happens to KiwiSaver tax credit in the year you turn 65?; Is internet banking safe?
Q&As: What to do when employer doesn’t make KiwiSaver contributions on overtime pay; Is it OK for employer to encourage workers to join KiwiSaver?; KiwiSaver withdrawals not taxed; Long-term share and rental property investments about equal; Better to buy a section for tiny house?; Last week’s angry reader now remorseful.
Q&As: Is a tiny house on wheels financially wise?; Young couple should go ahead and buy a home, despite the market; Last week’s binary options victim “deserves to be fleeced”; 2 Q&As about Israel’s connections to binary options; Do more bathrooms mean more use of water?