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Here you'll find a selection of useful finance tips about saving and investing from 2008.
Success is more than 99% psychological. But mending the procrastinating ways that hold you back doesn't come easy. The trouble is that we're programmed to think negatively when markets are down and be gung ho when they're up. What's more many people sabotage the chances they have of success by thinking the worst. But a New Year is a great time to reinvent a new you.
Whilst small investors are running for cover, the great Buffett has declared that it's "sale of the century" time. "Be fearful when others are greedy and greedy when others are fearful," is one of his most commonly quoted utterances
Property prices are crashing down around us. The bottom of the market may be lower than the experts predicted with investors still offering 20% below even the latest valuations. I spoke to one valuer last week who sees investors offering 20% below valuation and as soon as new valuations filter in based on those prices, buyers are seeking the same discount again. He believes the market has a long way to go down. In the UK the economic situation is the worst for 50 years. We may escape that, but it's still not going to be pretty.
They're our little plastic friends. But unless you're crafty, your credit card could cost you dearly. First there's the annual fee. Add to that interest rates, which often exceed 20% a year.
One of the biggest budget blowouts for many Kiwis is their holidays. A significant number of us, myself included, lose our heads when on holiday and spend with free abandon. Even worse are those people who take weekends away whenever they feel like it. The cost of these can add up pretty rapidly.
Choice is something not lacking when it comes to buying managed funds. There are literally hundreds available here ranging from rural New Zealand property funds to global share funds and bond funds.
Crunch. There go your savings. The credit crunch took experts and the rest of us alike by surprise. And the implications are being felt in the back pockets of people from all four corners of the world.
Older people can be very vulnerable – especially when it comes to money. Age is no barrier to making financial decisions, having said that. Older people’s money is theirs to spend and they have the right to make their own decisions about it and their possessions.
For some people sudden drops in share and other investment prices spell disaster. For others, they spell: "bargains galore". Diana Clement has a close look into this situation and how this could benefit you.
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