Kapiti Financial Advice Limited – KiwiSaver and Investment
Booster has launched Booster Savvy, an innovative smart account and Mastercard debit card, which also earns a competitive interest rate. Savvy is underpinned by an investment account but with a debit card and NZ bank account number, providing customers with access to their money to enable day-to-day payments and transactions, while still making a return … Read more
A Massey University report reveals a widening gap between NZ Superannuation and the cost of living in retirement. The New Zealand Retirement Expenditure Guidelines Annual Update 2023 examines various lifestyle choices and the savings that are required to fund the respective lifestyle. The study shows that your geographic location (metropolitan v provincial) and your personal … Read more
An article on Stuff this week highlighted the strong performance of Milford and Generate KiwiSaver funds over the longer term, as reported in the June 2023 quarter Morningstar KiwiSaver survey. Morningstar is an international financial services firm which conducts investment research, including their quarterly KiwiSaver survey. The Stuff article notes that Milford has been a … Read more
I have had a couple of enquiries over the past week about an article on Stuff expressing concern that KiwiSaver members are at risk from having “all your money invested with one manager”. I have given this some thought and it is not something that particularly concerns me. The writer gives the analogy that it’s … Read more
This year should see a change in market dynamics as interest rate hikes slow and rates peak. Previous interest rate increases should start to gain traction in containing inflation. The hope is that the central bank will manage to achieve a soft landing for the economy. Even if we enter recession, markets tend to focus … Read more
As expected, the RBNZ raised the Official Cash Rate (OCR) by 50 basis points to 3.0% this week. The Bank also raised the future track for the OCR, forecasting a peak of 4.1% by mid 2023, slightly higher than in the previous May Monetary Policy Statement. The Reserve Bank upped their forecasts for non-tradeable inflation … Read more
It has been a pretty good period for equities over the last six weeks or so, with the NZX up 9% since the start of July, matching similar stories in Australia and the US. Last week stocks picked-up on headline news that in the United States the consumer price index rose at a slower pace … Read more
NZ Funds have released their Monthly Review for April 2022. It reveals that the fund manager has used S&P500 and Nasdaq put options to generate significant returns in April, in a share market that has been falling. They intend to continue using put options while market volatility remains high and tending to the downside. NZ … Read more
The Responsible Investment Association Australasia released a new benchmark report on responsible investment in New Zealand this week, which was researched in collaboration with KPMG. The report is intended to provide an overview of the current state of the responsible investment industry in New Zealand. It shows that the market for responsible investments in Aotearoa … Read more
NZ Funds have released their Investment Report for the first half 2021. They believe that professional financial advice can help you understand and manage investment risk and navigate your choice of manager, asset allocation and contribution rate. NZ Funds expect local and international shares will continue to rise over the medium term, but at a … Read more