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Hamilton Hindin Greene

ANZ term deposit rates now all under 1%. Is this the end for term deposits?

One bank has lowered its term deposit rate card so that no offers are above 1.00%. ANZ has cut most of its rates, with their 'highest' now just 0.90% - and you need to commit to an eighteen month term to get that. The banks themselves know that they can get all the funds they need from the RBNZ in their upcoming Funding for Lending program at discounted rates. Term deposit interest is an income stream that has dried up. With...

Why Are Defined Benefit Transfer Values So High?

Defined benefit transfers are not new, but have been a legal right to deferred pensioners since the eighties. However, they seem a particularly attractive option at the moment due to one main factor - historically low gilt yields. As defined benefit pension schemes have to provide fixed pension incomes in retirement, the most important return factor in the calculation used by actuaries to work out cash equivalent transfer values is the risk free investment return based on UK gilt yields. Gilts...

Biden Versus Trump

Some speculate that the future of the republic hinges on the outcome of the next election. But for smart investors it doesn't really matter who wins. Conventional wisdom says that those liberal Dems are generally bad for the economy and the stock market because of their big government tendencies, while fiscally conservative Republicans are good. This widely accepted belief is actually fake news if you look at data going back to the end of World War II. “Stock markets do perform...

HHG's Preferred New Zealand and Australian Equities

The stocks listed below have varying advantages and will suit different investment objectives. They have one common trait in that they have all been selected with a long-term focus. Contact Energy has a narrow economic moat, which reflects the oligopolistic structure of New Zealand’s electricity market. The firm generates a fourth of the country’s electricity and supplies power to more than 400,000 residential customers. Being a net generator, Contact Energy benefits from high spot prices. These typically occur during a dry...

Defend and diversify with Bonds

Why bonds are critical in any portfolio COVID-19 has had many ramifications, including an increase in the number and size of the government’s debt programmes. While these programmes assist people and businesses that are struggling, they also need to be funded – and this is where bonds come in. Bonds are the way governments raise money. In the current environment, there’s strong demand for them – especially for the A-rated bonds – and for very good reasons. For example Government bonds...

Why Are Interest Rates So Low?

The Monetary Policy Committee (MPC) is an internal committee of the Reserve Bank of New Zealand (RBNZ) and is responsible for formulating monetary policy in New Zealand, directed towards the economic objectives of achieving and maintaining stability in the general level of prices over the medium term, and supporting maximum sustainable employment. The global economic disruption caused by the spread of COVID-19 has been catastrophic, but the effects on the developed worlds’ share markets have largely been mitigated by the...

New Zealand's a2 Milk forecasts weaker revenue on disruption to Chinese sales, shares plunge

(Reuters) - New Zealand's a2 Milk Co Ltd ATM.NZ forecast lower first-half revenue on Monday as lockdown measures in Australia's Victoria state hurt its informal Chinese sales channel more than expected, sending its shares down more than 14%. Sales from the “daigou” channel, where shoppers in China buy products in bulk from stores outside the country and import them informally, account for a significant portion of the dairy firm’s infant milk formula (IMF) revenue in Australia and New Zealand. The...

Pensions freedom age to increase from 55 to 57

On the go: The government has confirmed it will increase the age at which people can access their pension from 55 to 57 in 2028. The government first indicated its intention to increase this age back in 2014 but did not legislate for it, leaving many across the industry to question whether the change would ever go ahead. Under current pension freedom rules, which were introduced in 2015, individuals aged 55 and over can choose how and when they can access...

Market close: NZX halts trading as it nears record high.

By: Graham Skellern: Trading on the New Zealand sharemarket was halted for nearly an hour late in the afternoon, but it had still done enough work to surge closer to its all-time high. The stock exchange experienced a network outage within the Wellington and Auckland data centre, the NZX website was down and trading stopped just before 4pm. An hour later the S&P/NZX 50 Index emerged at 11,993.18 points, up 72.10 points or 0.6 per cent. "NZX's network service provider...

The Benefits to Staying Invested

As most major indices around the world close in on or even surpass their all-time highs, most investors will have reaped the benefits of employing a long term strategy over the last six months, staying invested and not panicking when the share market goes through even the most dramatic of falls. In fact, as investors, you have now all lived through the sharpest, shortest market crash in living memory, followed by a similarly spectacular recovery and are still here to tell...
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