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

Liz koh

Make your Mortgage Manageable

Avoid a Mortgagee Sale!  Mortgagee sales are on the increase as a result of the recession and the property market downturn. If you are struggling with your mortgage payments how can you avoid having to sell your house? Here are a few tips that could help.  One of the first things you should do is talk to your lending institution or a mortgage broker. Your lender should be willing to work with you to find solutions to yo...


Money Conflicts

Money Conflicts According to the experts, arguments about money are one of the main causes of conflict in relationships and are also one of the key reasons why relationships end. Differences between couples over how money is spent, saved or earned arise largely from different attitudes towards money and risk, and different money values. Very often these attitudes and values stem from childhood, but not in a predictable wa...


UK Pension Transfers

UK Pension Transfers Immigrants from the UK and New Zealand residents who have worked in the UK usually find themselves leaving behind their locked-in pension funds when they arrive in New Zealand. This can present a number of difficulties. Once you become eligible for payments from your fund, you will need to pay tax on those payments as well as bank transfer fees. You will also be exposed to exchange rate changes so tha...


The Eight Worst Credit Card Mistakes

Credit Card Mistakes Credit cards are one of the most useful yet also one of the most dangerous modern financial inventions. Use them wisely and you can make money from them. Use them unwisely and you can lose everything you have. The worst mistakes you can make with your credit card are:   Paying only the minimum balance. You will lose the interest free period on new purchases and it will take a long time to repay y...


When Retirees Run out of Money

Retirement Blues One of the biggest financial risks faced by retirees is that they will run out of money before they run out of time.  A pension is only enough for daily living costs and those who have just a small sum saved can run out of money once they have had to replace a car and pay for home maintenance. There are a number of options for retirees who need to supplement their retirement funds.  First of all, check...


Use Market Volatility to Make Money

Investment Markets Investment markets move in cycles and it’s difficult to forecast when they’ll rise or fall. Moving your money in and out of the market during a downturn means you could potentially miss out on any positive bounce in a strong market recovery. Market volatility is what generates the return on your investment, and you can therefore use volatility to make money. With experience we find that most events...


When Sharemarkets Fall

When Sharemarkets Fall It’s easy to invest when markets are running smoothly but when they fall your confidence can be sorely tested. More uncertainty in investment markets means more volatility and a need to review your investment strategy. Here's what to do:   Start with the basics. Focus on your goals and objectives. If you have long term investment goals, remind yourself not to get too distracted with short term ch...


How to Manage your Money in Retirement

Investing in Retirement One of the biggest challenges in retirement is how to invest your money to provide an income while still protecting yourself against the eroding effects of inflation and income tax. Investing in fixed interest gives certainty of income but returns will be low and unable to keep up with inflation. The alternative, investing in growth assets such as shares and property, will give a better return over...


Buying your First Home

Tips for Home Buyers For first home buyers the next few months are shaping up to a good time to buy and  there are three reasons for this. Firstly, we are seeing a decline in property prices as winter sets in. Some property investors have reacted to the last budget by choosing to sell and this has had an impact at the lower end of the market. Mortgage interest rates are expected to increase over the next few months and ...


How to Manage Your Revolving Credit

Crunch your Credit A line of credit, or revolving credit, is a very useful facility to have as part of your mortgage structure. The way it works is that you are committed to pay back only the interest each month and interest is charged only on the amount borrowed. Repayments of principal can be made at any time without penalty and the more you repay, the less interest you pay. One key advantage of a line of credit is that...


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