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What's your money personality?

An individual’s personality is defined as the characteristics or qualities that form a person’s distinctive character. It would be fair to say that a personality can have a lot of influence on someone’s life – including the way they interact with others, their chosen lifestyle and career paths. Similarly, we all have different ways we interact with and think of money – which can be thought of as our money personality. Much like being described as outspoken, reserved, confident or timi...

May 30, 2018

KiwiSaver members make sure you get your free $521 this year

It is that time of the year again - we want you to make sure you are making the most of your KiwiSaver and the power of compound interest. KiwiSaver members are eligible for a Member Tax Credit (MTC). For every dollar you put into your KiwiSaver account, the Government puts in 50c, up to a maximum of $521.43 each year - this is effectively free money for KiwiSaver members.  In the FY ending June 2017, about 1.1 million people either received less than the maximum government contribution or ...

May 29, 2018

Young Kiwis rely on their parents for financial know-how

If you have children or close family members in their 20s, are you aware you could be their main source of financial information? That’s the case for nearly half of 20-year-olds today in New Zealand, a recent study by Massey University has found. Massey University's Fin-Ed Centre is undertaking a 20-year study on the financial knowledge, attitudes and behaviours of a group of New Zealanders through different life stages. They recently carried out a second phase of the study, interviewing parti...

May 15, 2018

The cost of care

Grant Lovatt, 58, was diagnosed with motor neurone disease in 2012. In 2014 a neurologist gave him less than 12 months to live. Five years later he is still alive, being cared for by his wife Glenda. That means Glenda cannot work and the couple are living on $494.20 per week, including accommodation supplement, supported living payment, and disability allowance and after deductions and debt repayments to Work and Income are taken into account. Sadly, the couple might need to sell their house in ...

May 14, 2018

When does an interest-only mortgage make sense, and when does it make cents?

An “interest-only” mortgage is when the borrower is only paying the interest accruing on their loan, without paying back any of the principal (the original amount borrowed). It’s less common than it once was, partly due to low interest rates and recent lending restrictions, but there are times when it makes sense (and cents!)Interest-only mortgages for investors There are often significant benefits for investors to have an interest-only mortgage structure, particularly if you still have a ...

May 9, 2018

What if you lost your income today?

We all like to think that we are invincible, that nothing will ever happen to us, but what if it does? Every year over 50,000 New Zealand households (a Napier-sized city) lose the main income earner's salary through illness. More than half of those lose it for six months or more. If your income stopped today could you still provide for your family?  We are lucky that we can rely on ACC to provide cover should we suffer an accident. But what most people fail to understand is that ACC doesn...

April 24, 2018

How to make your money work smarter for you

The good old strategy of working hard for your money might see you do well, but it’s making your money work hard for you that the truly wealthy have mastered. Done right, and on a large enough scale, can bring financial independence. Here are a few key tips… Budget, don’t fudge it This one might sound obvious, but budgeting can be the most important way to alter the way you handle your money. Other than your income, your budget is the best tool you have to building wealth and avoidi...

April 19, 2018

Investing in property with zero cash

You only need to watch a few property shows and hear stories of the cost of Ponsonby properties 30 years ago, to realise that property investment can make you some serious money. If you’re already a home-owner then the idea of owning more properties, reaping capital gains, and enjoying rental income can be very appealing. But how do you actually afford your next property venture, especially if you’re in the growing club of ‘asset-rich but cash-poor’ home owners? Buying investment prope...

April 11, 2018

The pill with a camera?

We hear about technology breakthroughs all the time but this one certainly caught my eye as a "next level innovation". The thought of checking your insides out with a camera on a cord doesn’t sound like a very nice experience, but this procedure a pill sized video capsule that is swallowed which slowly travels through your bowels before being naturally excreted several hours later. The camera has its own light source and takes pictures of your small intestine as it passes through..... I know r...

April 10, 2018

Economic Update - April 2018

Aside from the February turbulence in equity markets, global economic growth should hold up well and inflation should remain low in 2018. The recent hard economic data and survey evidence suggest that the world economy is growing at a rate over 3% pa and there is enough spare capacity in many economies for the expansion to continue for a while yet.  Meanwhile, although central bankers are reducing their policy support for this growth, they are doing so only gradually because inflation gene...

March 28, 2018

"I've spent $160,000 to keep myself alive"

Jess Spence thought the diagnosis of stage four cancer at age 29 was as bad as it gets. She was wrong.  Click on this link to watch her story. Cancer can happen to anyone, at any time. Jess Spence was only 29. The good news is that medical advancements mean that now, more than ever, cancer patients can try different drugs to fight their decease.  But not all treatments are available through the public health system in New Zealand. We must understand that public funding can only reach s...

March 27, 2018

Moment of truth - Dave's story

This is a client's story we first shared almost 2 years ago, but stays relevant today. Even when you are young and healthy and you think nothing can happen to you, sometimes life throws us a curve ball. Insurance is there to help in the tough moments in your life. Dave, one of Apex's clients, knows well the difference insurance can make when something goes wrong. Here's his story....

March 13, 2018

Owning a home is now more within reach for first home buyers in Auckland as prices tumble and interest rates remain low

Original article: Interest.co.nz By Greg Ninness The dream of buying a home of their own became more achievable for many first home buyers last month thanks to falling prices in many parts of the country, but particularly in the North IslandThe Real Estate Institute of New Zealand's national lower quartile selling price dropped from $375,000 in December to $353,000 in January, a decline of 5.9%.According to interest.co.nz's Home Loan Affordability Reports, that reduced the mortgag...

March 9, 2018

The growing gender gap: KiwiSaver funds

A new research by Westpac NZ reveals that women are contributing less than men and have lower average balances.  The bank surveyed more than a thousand KiwiSaver members to glean the insights, which found a higher proportion of women weren't contributing to the retirement scheme at all. When considering that a woman born in 2000 has a life expectancy of 92 years, versus 89.6 for a male born the same year, women clearly need more money for their retirement. "We usually talk about the gender ...

February 27, 2018

Is private health insurance damaging the NZ public health system?

New Zealand has a great public health system. We know that if we faced a life a life-threatening illness or accident we would be well looked after. But if you are facing elective surgery, you would be placed in a waiting list. And you could be facing a very long wait. Private health insurance can help you jump the line, get the treatment you need straight away. At the latest count, 1.34 million New Zealanders have opted for health insurance – close to 30% of the country according to the Health...

February 13, 2018

Market commentary - Dow dip and media hype

As has been widely reported in the news, global share markets have fallen over the past few days, giving back 6% of recent gains.  While this has been quicker than the usual decline, the size of the pullback is actually within the “normal” bounds of market behaviour, even when share markets are generally rising.  This is something that tends to be forgotten in the media.  Investors had been favoured in 2017 with smooth returns, which has fed its way into general public expecta...

February 9, 2018

Top 5 mistakes first home buyers make

So you’re about to embark into the responsible world of mortgages and home ownership! Buying your first home is a real milestone - it’s exciting, but also very daunting. It’s also completely new territory and important to get it right. They say to learn from your mistakes, but we’d rather not make them in the first place, especially when it comes to our biggest asset! We speak with first home buyers nearly every day so we get it (it’s hard!). Which is why we’ve put together a list t...

February 7, 2018

Questions to ask yourself as a business partner

As a successful business owner, there’s sure to be plenty of questions you ask yourself everyday. “How do we get ahead of the competition?” “What do we need to change in 2018?” All the way down to “Where should we host the staff party?” and “What’s for lunch?” And all these questions are important (a successful business person needs sustenance after all) but there’s often a subject that gets overlooked. What happens when a business owner or key personal are lost to the bus...

February 2, 2018

The shocking cost of putting off retirement saving for a year

Saving is not exciting, most of us would agree on that. Sometimes saving towards a tangible goal, like a holiday, can be easier to do. But retirement saving, that’s your future-self problem, isn’t it? You may be thinking that saving for retirement can wait until next month or next year, when you have more money or less bills to pay. But delaying it will have a huge impact on how much money you end up with. Read on to find out why. Scary target? One of the reasons it can be hard to start savi...

January 31, 2018

On your bike: Aotearoa Bike Challenge 2018

The Aotearoa Bike Challenge starts this month and Apex will be part of the action again this year.The challenge is a fun, free competition involving workplaces - aimed to encourage people to ride a bike for 10 minutes or more in February. It's not about being the next Tour de France champion or about wearing all the right gear; it's about giving it a try.Apex Advice takes part in the challenge each year for a few reasons:Biking is good for the environmentWe believe business needs to come in the ...

January 24, 2018

Economic Update - January 2018

Global economic data continues to portray relatively healthy global growth and little inflation. Forward-looking inflation indicators remain relatively low, suggesting a modest pace in any normalisation of monetary settings. As a result, equity valuations around the world remain elevated while investors are aware of the many risks, including but not limited to, geo-political events. United StatesFor the third quarter, the US reported GDP growth of 3%pa. The economy has now expanded by 3%pa or mo...

January 22, 2018

Here's why insurance premiums increase

We get this question a lot: "why did my premiums increase?". It can be frustrating seeing your premiums go up each year. As financial advisers, we have no control over your insurance premium as it is set by the insurance company. That said, we can help you understand why premiums go up and manage the cost.Typically, there are two main factors that determine an increase in insurance premiums; these are whether you have cover based on rate for age premiums and if you have selected to have your cov...

January 15, 2018

Apex office holiday hours

Our office will be closed during the holiday season, from December 22nd till January 15th 2018.Here's how you can reach us during this period: If your request is urgent, please call your insurance, mortgage or investment provider directlyYou can contact your adviser - visit Our People page for more information Call our office on 0800 500 510 for non-urgent queries, there will be skeleton staff working through We take this opportunity to thank you and wish you a very a Merry C...

December 19, 2017

Just feel better this summer

"Wellness" is a broad term - one that might conjure up images of kombucha drinking, yoga loving bloggers who talk about 'mindfulness' a lot. Nicola Smith, Personal Trainer, Nutritionist and Lifestyle Coach says "wellness is about having the energy and vitality to do the things you love. To have a healthy body that doesn't hold you back and to have a balance in your life that allows you to enjoy the small things". Which is something we can all benefit from, in some form and at some level. With a ...

December 15, 2017

Cyber-attack

Worried about Cyber-attacks? You’re not the only one.We’re seeing this become prevalent and concern is growing, as it should. Your data is vital to your business and it’s near impossible for tech support companies to keep up with the creative ways that hackers will use. Many who think they are immune and it will never happen to them as they don’t see themselves as something to target are feeling the pain following such malware as Wannacry and Petya. This ranges from massive corporat...

December 12, 2017 Posts 1-25 of 179 | Page next
 

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