Quick Finance Market Update with David Windler
Important: Nothing in this video is financial advice of any kind. Always seek professional advice before making any financial decision.
Hear from the finance legend himself, Dave Windler, a quick snapshot of what's going on with interest rates, OCR, Swap rates, QE, Bank Appetite, and more...
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Important: Nothing in this video is financial advice of any kind. Always seek professional advice before making any financial decision.
The most dangerous words we’re hearing out there…
If you’ve been with us a while, you have heard us say this before, but right now, today, it is worth repeating;
“When markets are booming, people think they’ll boom forever. And when markets are slumping, people think they’ll slump forever.”
Neither is true of course as history proves over and over.
Right now, we are in the euphoria stage. What we are seeing every day in the market is more than a ‘boom’…It’s mania out there. There are multitude reasons for this as we know, but one constant we keep hearing:
“’This time it’s different.”
Those words…Prevalent in any boom, are some of the most dangerous words an investor can ever mutter, or believe.
These words are rationalisation. And rationalisation is one of the signs of denial.
Denial of what? The inevitable outcome of all of this, which is that one day, sooner or later, the music WILL stop.
The difference between us, and many commentators out...
Where the hell have we been?
Market Momentum: It's no secret that the market is still 'strong', anyone with one eye on things can see that. Prices continue to surprise us, and this has exacerbated the importance of being a market expert and staying 'on the ball'. Some...NZ Finance Market Update with David Windler: 15th Feb 2021 (Disclaimer: Not financial advice)
Disclaimer: Nothing in this recording is meant as financial advice and you should always check with a professional before making any financial decision. Recorded on Feb 15th 2021.
Hear the latest in the world of finance from the best in the biz, Dave Windler from Mortgage Supply Co. www.assetlab.co.nz https://mortgagesupply.co.nz/
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Suburb update: Otara, Manukau, Papatoetoe, Otahuhu
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The truth behind the $640,000 profit in Otara
Important: Trusts Update from Monteck Carter Accountants
Original article HERE
What Trustees need to know
The legislation
The new Trust Act modernises trust law and makes significant changes to the way trusts are currently administered in New Zealand. The Act aims to update trust law and make the law accessible to all (not just lawyers). The Act will come into force on 30 January 2021, and will then apply to all existing written trusts, as well as any new written trusts established. It could also apply to statutory trusts or other types of non-express trusts (such as constructive or equitable trusts) if the Court decides that the Act should apply.
Why the change?
The quality of governance and administration of trusts is often well below the standards of other countries. This new law will be targeted towards those that are poorly governed, but it will result in a higher level of scrutiny on all trusts.
Your obligation as a Trustee
From 2021 your duties will be broken down into two types, Mandatory and Default.
Mandatory trustee duties...
From the frontlines: End of week report for week ending July 31 2020
