The official cash rate (OCR) is an important monetary policy tool for achieving and maintaining price stability in our economy. The OCR is the interest rate at which banks borrow money from the Reserve Bank. The Reserve Bank of New Zealand (RBNZ) reviews and may change the OCR seven times each year. Any changes in […]
Category Archives: Learn
The benefits of reviewing your investment portfolio
Investment strategies can take a lot of effort to implement effectively. Even if you have made well-researched and well-diversified investments with clear-cut goals, it’s important to regularly review your portfolio to ensure it stays on track with your financial goals. Keeping your portfolio on track Markets are always prone to change, and your personal circumstances […]
Understanding insurance options for cancer
Cancer might feel like a distant concern for some, but for many New Zealanders, it becomes a reality. While New Zealand’s public healthcare system provides essential cancer treatment, it may have limitations in terms of longer waiting times, access to certain treatments in private facilities, and choice of specialist healthcare providers. To safeguard your financial […]
Your mid-year financial health check
As we reach the midpoint of 2024, it’s an opportune time to take stock of your financial health. With the ongoing challenges of the rising cost of living, it’s essential to ensure that your financial plans and protections are still robust and effective. Here are four key areas to focus on for your mid-year financial […]
What’s involved in creating a comprehensive retirement plan?
Creating a comprehensive retirement plan is an important step in working towards financial security in your later years. A well-structured plan addresses aspects of your financial life, aligning them with your retirement goals. Here’s what’s involved in crafting a retirement plan. Assessing your financial situation The first step is to understand your current financial standing. […]
Investment fundamentals for financial success
Whether you’re just beginning your investment journey or seeking to refine your strategy, grasping the fundamentals of investing can help pave the way for a successful financial future. Let’s delve into some of the core investment fundamentals that can guide you towards achieving your long-term financial goals. Clear objectives Before diving into investing, it’s essential […]
Health and trauma insurance: What’s the difference?
You’re likely familiar with health insurance, and you might have come across trauma insurance as well. But are you aware of the differences between the two? Both are designed to provide support during times of illness, but they operate in different ways. Depending on your circumstances, having both could be advantageous. So, let’s delve into […]
Financial independence: Achieving personal and professional goals
Financial independence is a key life goal for many of us. What exactly the term means can vary a bit, depending on your own interpretation. But generally, it relates to having enough assets and other financial resources that you no longer need to rely on working for your income. Sound like a dream? It doesn’t […]
How the economy affects home loan rates
Covid-19 and the economic recovery from lockdowns gave many people a sharp reminder of how the wider economy can affect home loan interest rates. In the space of 18 months, we saw home loan rates shoot up from record lows of less than 2.5% to nearer 7%. But how does the wider economy affect mortgage […]
KiwiSaver strategies for self-employed
KiwiSaver isn’t just for people who are working as PAYE employees. If you’re self-employed, you can still make use of the scheme, and leverage it to help you reach your investment goals. Is it time to check in? Here are some points to think about. How much you contribute How much you contribute to your […]