Article written by InvestNow
InvestNow congratulates the following fund managers — winners of the 2021 Morningstar New Zealand Awards. See below for the award-winning fund managers who are also fund managers we have within the InvestNow KiwiSaver Scheme. Join the InvestNow KiwiSaver Scheme
Article written by InvestNow
In typical tight-lipped tax office style, the Inland Revenue Department (IRD) issued a brief statement last October confirming it was keenly observing the stampede of novice retail investors into the direct share-trading game in NZ.
“As new investors are attracted to the market, we will be looking to make sure their tax obligations are clear to them and ensure education […]
Article written by David Boyle, Mint Asset Management
Mint head of sales and marketing, David Boyle, explains why the ongoing GameStop experience holds lessons for new-breed investors and the old-school financial industry on handling the highs and lows of markets. Boyle takes it to the bridge…
If an online entity called ‘Roaring Kitty’ suggested a bridge-jumping strategy might be just what you need to improve your life, would you […]
Article written by InvestNow
Fresh from its resounding election victory last year, the governing Labour Party rushed to make good on its promise to raise the tax rate for high-income earners.
Under a measure put in place early in December 2020, those earning over $180,000 in income from (almost) all sources will face a top tax rate of 39% – an increase of 6
Article written by InvestNow
By any definition, 2020 has been an unforgettable year.
But we won’t remember much about it, according to popular economist, Tim Harford. Harford, who found fame writing for the Financial Times as ‘The Undercover Economist’, penned an article this September speculating that despite a year chock-full of historic – or as the most-used word of 2020 has it, ‘unprecedented’ – events, most of us will […]
Article written by InvestNow
Congratulations to all the Fund Managers we work with, who recently won awards at the Research IP & Good Returns – Fund Manager of the Year Awards 2020. See below the winning Fund Managers and funds that we have here on InvestNow.
Announcing the Winners:
Fund Manager of the Year – ANZ Investments
Boutique Fund Manager of […]
Article written by InvestNow
Who was the first fraudster?
Maybe that snake in the Garden of Eden who sold Eve on the idea of eating the forbidden apple; just one little bite, it’ll be OK.
Good marketing, but bad idea for humanity.
Fraud has always been part of human society – it’s taken on many forms over history, adapting to the technology of the times. […]
Article written by InvestNow
Last year Kiwis paid over $80 million in KiwiSaver administration fees, in an environment that produced negative investment returns to the amount of -$820.9 million, according to the Financial Markets Authority (FMA) 2020 Annual KiwiSaver Report. “We don’t think that’s right”, says Mike Heath, General Manager of InvestNow.
“Some investors paid fees on […]
Article written by InvestNow
KiwiSaver has come a long way since its surprisingly successful debut in 2007.
Officially launched by the Helen Clark-led Labour government in July 2007, KiwiSaver accumulated over $720 million for more than 480,000 members during the first nine months of operation.
The first flood of KiwiSaver members blew Treasury budget projections out of the water, continuing to beat forecasts for years to come.
Aside from those automatically enrolled […]
Article written by InvestNow
In April this year another obscure subterranean fund surfaced into public view as a likely ponzi scheme.
As further details came to light, it emerged that Penrich Capital, operating from a Christchurch base had sunk investor assets into a Cayman Islands-domiciled fund, allegedly valued at about $400 million.
The Serious Fraud Office (SFO) is currently investigating the firm, […]
