Inflation Matters

The adverse effects of inflation on investment returns become especially pronounced over the long run. Your money today will likely buy less tomorrow. In 1913, a carton of milk cost 9 cents US a litre. By 1963, 9 cents would buy a small glass and by 2013 only 6...

Life after 60

There is plenty of historical evidence that one can live a vibrant life after 60. When you hit 60 you are at the crest of life, for the first time seeing both ways, backwards to see your mistakes and forward to know that you will make most of them again. In candid...

2018 Budget round-up

Yesterday, finance minister Grant Robertson delivered his first Budget. As expected, it set out the Government’s commitment to what it is calling a “stronger and fairer economy”, while at the same time demonstrating a degree of fiscal prudence. There were few, if any,...

Emerging Markets – What to expect next…

Investors in emerging markets have had it rough in recent years, but the outperformance of China and technology stocks could be a reason to hope. Emerging markets stocks make up 12% of the global stock market. Thirty years ago, these stocks spoke to less than 1% of...

Great Expectations

The Financial Services Council published a report December 2017 about what it is like and what it could be like for New Zealanders when they retire. The key findings were: Nearly all older New Zealanders will be living on the NZ Superannuation pension alone after just...