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A managed fund is a pool of investments that is managed professionally by an expert fund manager. In a managed fund, your money is pooled together with other investors' money to create a single fund that provides significant investor benefits, which include an instant increase in buying strength and tax efficiencies. An investment manager then buys and sells shares or other assets on...
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You may have heard the old saying that ‘cash is king’. Once upon a time, this was a true statement. Since then, cash has been toppled from the throne.
The word save is defined by the Oxford Dictionary as:
1. Keep safe or rescue (someone or something) from harm or danger.
2. Keep and store up (something, especially money) for future use.
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If you’ve insured your car, boat, or other vehicle, the chances are that you can get more from your insurance. Read on to learn how.
Excess
Your insurance excess is the amount you pay before your insurance kicks in. Choosing an excess that isn’t right for you can be a big mistake. Generally, car insurance companies will reduce your premiums (the annual or monthly payments you...
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Thought of spending your kids' inheritance? This concept now even has a new term dubbed “SKI’ing” – spend your kids' inheritance. Below are five reasons why this is a great idea.
1. Life is way too short to delay having fun
You’ve worked all your life despite the long hours, difficult bosses, obstacles to overcome, and endless deadlines. If you’ve built yourself a healthy nest...
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Increasingly, you should be asked to supply evidence of your identity, where you live and how you obtained your wealth when wanting to conduct seemingly simple activities such as invest, open a bank account, or even take out a loan. This will become even more common across New Zealand this year as lawyers, accountants, and real estate agents progressively come under the Anti-Money Laundering...
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When looking to borrow money for a property, many people don’t realise the benefits that working with a professional and experienced adviser can offer – including helping them get the best overall mortgage deal. Using a mortgage adviser could save you tens or even hundreds of thousands of dollars over the lifetime of your mortgage. Here are the top six advantages of using a mortgage...
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While it’s widely accepted that most New Zealanders are under-insured, recently our advisers here at Milestone Direct have been seeing people who are over-insured. Being over-insured basically means you are wasting money on insurance.
After a mortgage, personal insurances such as life insurance are one of the most important personal financial decisions you can make in life....
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Term deposits are perhaps the most well-known type of investment. A term deposit is essentially an agreement with a bank to deposit a lump-sum for a fixed period, for the benefit of receiving a specified rate of interest. What’s little known are the risks and disadvantages of investing in term deposits - the seven points below explain how your term deposits could be your worst enemy...
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New Zealand’s largest health insurer, Southern Cross, recently released a new add-on to their normal health insurance called Cancer Assist. This is an optional extra that current policy holders of Southern Cross health insurance can add to their existing cover to insure against the risk of developing a cancer that is best treated using drugs not yet funded by Pharmac.
This area has...
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On average, people buy a new car every few years. However, a poor car purchase could cost you hundreds, if not thousands, of dollars. The tips below will help you prepare for your next car purchase and ensure that you are a smart car buyer.
1. Avoid borrowing to pay for your car
Interest rates on car loans can hike up the total amount you pay for your car significantly. Car...
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We believe that advice should be affordable and accessible wherever you are in New Zealand. To do this we embrace technology to deliver a low cost, high quality service. At Milestone Direct our advisers are trained and obliged to put your interests first. We are here to ensure your financial goals are understood and an appropriate financial recommendation is presented to you and your family:...
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