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The latest personal finance and investment news and views from Liz Koh

Liz koh

Wealth Preservation for Business Owners

  There is no doubt that business owners are having a tough time now, and it is probably going to get worse as unemployment increases and people spend less. We have not yet seen the full impact of COVID-19 on our economy. As business owners struggle for survival, they face the real danger of losing not only their business but also their personal wealth. For business owners nearing retirement, of which there are ...


In it Together

  Over the last few weeks, we have been reminded many times of fact that, whether we like it or not, we are part of a community. The welfare and wellbeing of each person in the community has an impact, either directly or indirectly, on the community as a whole. We are all in this together, as they say. Viruses are contagious, and to protect a community, each individual person needs to be kept safe and well. But as ...


Should couples hold investments in separate names?

[caption id="attachment_3560" align="alignnone" width="378"] By Karen Piercy, AFA[/caption] Since over 65s have been allowed to open KiwiSaver accounts, more retirees have invested in KiwiSaver. What is the problem with this? KiwiSaver has to be held in the name of an individual and this can cause estate planning problems. If one partner dies, there could be a considerable delay in getting access to investments held in the...


The Economic Outlook for Investors

  So there we have it - the 2020 Government budget - and there are no surprises. The Government’s approach is to flood the economy with money in order to keep businesses afloat and save jobs. Treasury’s view seems to be that we will have a ‘V-shaped’ recession – that is, a sharp decline followed by a reasonably rapid recovery. However, other economists consider this to be an optimistic view and are expect...


Where to for Property?

  In the light of low bank interest rates and uncertainty in share markets, many investors are wondering whether the residential property market will offer the best returns going forward. Mortgage repayment holidays should prevent a massive sell-off as a consequence of pay cuts and redundancy, however the short-term nature of these holidays may just delay the inevitable for some, resulting in downward pressure o...


Mortgage Repayment Holidays – Pros and Cons

  As the effects of the economic downturn take hold, many people will be struggling to make their mortgage repayments. Most banks are offering a six-month mortgage repayment holiday, but is this a good solution? The aim of a repayment holiday is to reduce financial pressure and give breathing space to people who are struggling in times of crisis. As with any other financial matter, the decision about whether to ...


Make the Most of Lockdown

  Resilient people are successful people and one of the traits of resilience is the ability to turn problems into solutions and to find the opportunities that present themselves in times of adversity. Those who embrace change and see it as a chance to make progress in a different way are those who will emerge from turmoil in the strongest position. The challenge for all of us now is to use lockdown as a time to rea...


The Business Owner’s Dilemma

  Thousands of small business owners will be facing a huge dilemma over the coming weeks. Should they close their business or keep going? To what extent should they pour more of their own money into the business to prop it up? It is normal to have economic cycles which result in a ‘weeding out’ of weak businesses. When times are good, it is easy to make money. Bad times deal a cruel blow to those who haven...


Every Threat is an Opportunity

  In times of great change there are both threats and opportunities. In fact, you could argue that every threat, looked at differently, can be turned into an opportunity. The loss of a job is an opportunity to start a new career. The closure of a business is an opportunity to start a new venture. A drop in asset values is a chance to purchase assets (property, shares, businesses) at a low price. There are numero...


Let Go of Fear and Learn the Lessons

  The impact of the COVID-19 lockdown has seen many people’s incomes significantly reduce. The uncertainty of how long this situation will last and whether the worst is yet to come is causing huge financial stress for some families. Lessons are being learned the hard way. Those who have lived life on the edge with no emergency funds and high levels of short-term debt will suffer the most. Living from pay-day t...


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