Investments

Imagine if what we know now about finances, we knew back in our teen years – how much better off would we all be? When most of us were in high school, we didn’t learn anything about money, budgeting, or investing. However, nowadays, by the time you leave your teenage years, you’re hopefully no longer financially clueless. Here are six of the best financial lessons you wish you knew as... Read more Read more

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We all know that sinking feeling of knowing you’ve been ripped off. Unfortunately, in the financial world there are quite a few offerings, products, services, and outright rip offs that you should be aware of. Awareness can help you avoid that sinking feeling. While many of these financial offerings are appropriate under the right circumstances, it can sometimes still be difficult to... Read more Read more

Like a pack of sharks who smell blood, the scammers are already circling. A decade or so ago during the Global Financial Crisis, investment fraud and other consumer scams were rampant. As any crisis spurs a degree of fear among at least some of the population, it’s no surprise the scammers are back in force to prey on people’s uncertainties, fears, and lack of knowledge in some areas... Read more Read more

Despite financial wellbeing in retirement being essential, you’ll still frequently see some concerning headlines about funding retirement or retirement planning. For those of you who’ll retire soon, or have just retired, read on for eight secrets to ensure your golden years are free from financial worry – and can become the best years of your life. Read more Read more

Ideal timing for a life milestone in one era will inevitably change in the next. In years gone by, wars, economic turmoil, and other events lead many individuals and families to delay or bring forward many of life’s plans. In the same vein, many of today’s younger adults are reaching milestones later than their parents’ generations – from leaving home to becoming parents themselves. Instead of... Read more Read more

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The financial markets took a tumble over the past month and have since recovered much of what was lost. However, many in the media largely focussed on the share market falls, talking it up as being catastrophic and unprecedented and warning of impending doom and gloom. However, the recent market fall (technically called a correction) is perfectly normal and historically occurs when... Read more Read more

First home buyers with a ready deposit and stable employment have been making the most of record low interest rates and a yearlong loosening of deposit rules. This is part of the reason there has been a surge in housing market activity since the Covid crisis first struck. Younger Kiwi’s still love property Before Covid, some had suggested that younger generations might... Read more Read more

Traditionally, term deposits have been a popular strategy for many retirees and Kiwis who weren’t quite sure about how to choose or access other investments or needed to access the money in the near future. What has happened with term deposits? Before the Global Financial Crisis (GFC), New Zealand’s Official Cash Rate was sitting at 8.25%. The official cash rate tends to... Read more Read more

We have seen a substantial rise in investment portfolios over the past 12 months. However, a new government is now in place and it intends to make a number of sweeping changes to the social structure of New Zealand. We know from past experience that there is a long-term trend line with investment values for different assets and if markets rise or fall too dramatically, then they will... Read more Read more

Every day we are constantly reminded that the harder we work at something, the greater the reward. It’s a mantra which is reinforced in childhood, in the office, at the gym…and in most cases, it pays dividends. However, when it comes to investing, this is the exact behaviour you should avoid. Successful investing involves time in the market (riding the ups and downs), minimising... Read more Read more

None of us are perfect – that’s what makes us all human! We all make mistakes (big or small) every day. Sometimes our mistakes are minor with few consequences, and other times our mistakes are major, perhaps we make a mistake which impacts our health, those close to us, or somehow costs us money? We improve our chances of avoiding such mistakes if we’re aware of the common mistakes... Read more Read more

There is a handy online tool that enables us to measure how we stack up financially against other Kiwi’s, though before we get to that, let’s ensure we’re using it for the right reasons… Comparing our riches – why would we? Humans are designed to understand ourselves and the world around us. The ability to reflect upon things is one of the defining characteristics of humans.... Read more Read more

Ever wondered how the rich spend their money? Here at Milestone Direct, our advisers see such a wide range of people that we understand the spending habits of a wide range of New Zealanders – including the rich. To help you replicate the habits of the rich, here are seven ways the wealthy spend their money. For those of you wondering what’s so great about being rich after all, scroll... Read more Read more

Avoiding investment scams is becoming even more important, as recent Australian data shows investment scams have now overtaken romance and dating scams as the most lucrative method of fraud. Historically, investment scams have been common both overseas and in New Zealand. In fact, it's nearly the 10-year anniversary of when the world’s largest investment scam was discovered. This... Read more Read more

Investment scams can happen to anyone. They’re often very sophisticated. The people involved sound credible and the websites look very professional, usually including testimonials from other investors. It can be hard to tell a scam apart from a genuine investment opportunity. What to look out for The Financial Markets Authority (FMA) advises that an 'investment' is likely to be... Read more Read more

For many, it can seem like becoming wealthy is an impossible task. This feeling can be made worse by present-day realities such as expensive housing and low interest rates for any money we save in the bank. Thankfully, according to research which canvassed a wide range of millionaires, becoming wealthier requires only two qualities that anyone can develop: perseverance and resilience. That... Read more Read more

Recently released research by the Financial Services Council suggests that a NZ financial adviser is worth the impressive sum of $1.5m over 25 years to every person they assist. If you haven’t already received the backing of an adviser, what better time than now? The Financial Markets Authority has developed some initial questions it suggests you ask when selecting a suitable... Read more Read more

The events of 2020 have been a great reminder that there is no hiding from the challenge’s life will throw at you. This is as true as it is for your finances, career, and investments as it is for any other area. Against the backdrop of a changing world, diversification is a way to make your finances as indestructible as possible. What does diversification mean? With... Read more Read more