Many of the "experts" say New Zealand has a low savings rate. State welfare has traditionally been blamed for undermining private savings rates.
Similarly the ability to borrow to invest in residential property and the subsequent tax effectiveness that can be generated from this have made the traditional savings pathways of bank deposits & super schemes look very second rate.
The savings landscape has been changed by the introduction of KiwiSaver and the inducements the Government is offering to people who join up.
If you would like to find out about KiwiSaver Scheme performance and to learn about the very few KiwiSaver Schemes that are actually getting good results get my free white paper that discusses my suggested strategy. CLICK HERE.
Recent Governments have added incentives not to save such as workplace superannuation and the Cullen Fund. The message the latter send is a very loud "don't worry we'll look after you" - so rational but ill-informed households dont worry and their savings rate plunges.
Transferring your pension from the UK can give a worthwhile end result, but there are a number of traps for the unwary. Many operations and advisors do not point out these traps because they are more interested in the fees they generate rather than giving you advice that benefits you. GO HERE TO GET THE PENSION TRANSFER GUIDE.
I believe it is important that you save on a regular basis, and the ideal savings vehicle has the following features:
In 1937, Danish politician Karl Steincke quipped, “It is difficult to make predictions, especially about the future”.
While this statement is undoubtedly true, in today’s regulated world all traditional investments carry the even heavier disclaimer; past returns are not indicative of future performance.
However, when looking at global equity markets over the past ... CLICK HERE TO READ THE COMPLETE ARTICLE
DOWNLOAD HISTORY FAVOURS THE OPTIMIST HERE