Archive for the ‘Financial Analyst’ Category

Super debt: That’s just about the size of it

No Comments » | Posted by Joseph Carr-Boyd
Jan 17 2014

This article is by staff writer Jeffrey Steele.

Personal finance gurus have long warned that we Americans have a nasty problem. We spend too much and save too little. Not only do we not look for the best savings accounts, or check on savings account rates, or seek high interest savings accounts, many of us don’t save at all.

But these big thinkers have struggled to come up with a one-word explanation for that miserable mismatch.

Pittsburgh-based Gene Natale, co-author with Matt Kabala of “The Missing Semester,” a book aimed at giving teens and young adults lessons in money management, has managed to put his finger on the one buzzword that explains why a nation once comprised of good little savers now turns out lots of debtors.

Before I divulge that one word, however, let me ask this: Is it sheer coincidence that during the same period that saw Americans junk the notion of saving, we as a nation became junkies of fast food?

Is there more than a serendipitous link between the assumption of debt and the consumption of burgers, onion rings, chicken nuggets, chalupas and sandwiches filled with paper-thin slices of faux roast beef?

And is it just a fluke that the only thing ballooning faster over the last few years than our pile of bills has been our waistlines, inflated by the unshakeable habit of grabbing our fast food fixes at the nearest drive-up window?

I don’t think any of these phenomena are mere happenstance. Inexpens

Read more…

SST Launches New Website and Offender Databases

No Comments » | Posted by Joseph Carr-Boyd
Jan 13 2014

The Sensible Sentencing Trust is excited to announce the launch of the its new website www.sst.org.nz . The website also contains the recently updated Offender Database, where the general public can access information on convicted paedophiles, SST Launches New Website and Offender Databases

13/01/2014

The Sensible Sentencing Trust is excited to announce the launch of the its new website . The website also contains the recently updated Offender Database, where the general public can access information on convicted paedophiles, serious violent offenders and sexual offenders.

The Sensible Sentencing Trust believes in an open and transparent Justice System. Unlike other countries, New Zealand does not have a government maintained system for the public to access criminal records. SST however, strongly believes that in order to protect the public and help keep offenders accountable for their criminal actions, an Offender Database is paramount.

We have been gathering court and media information since 2001 to collate and publish two databases; one for Serious Violent Offenders and one for Paedophiles and Sexual Offenders,” Sensible Sentencing Trust CEO, Garth McVicar, says.

The updated database contains over 5000 criminal records with information on release conditions, previous convictions and more. The

Read more…

It is high time we raised interest rates and returned to normality

No Comments » | Posted by Joseph Carr-Boyd
Jan 08 2014

Is this the year when interest rates, after nearly five years at close to zero, finally begin to rise? It is never possible to say with certainty what will happen, but we can at least take a stab at what ought to; a rise in UK rates is long overdue.

Years of extreme monetary stimulus have done whatever good they were ever going to, and it today seems to be only a source of growing unfairness, with big income gains for the heavily borrowed and renewed bubbles in asset prices. This may or may not be good for the already moneyed and well-heeled, but it is plainly not the basis for a healthy economy.

Normality urgently needs to be restored. Regrettably, this is not yet the prevailing view. In a recent survey by the Financial Times, leading economists said they thought the Bank of England more likely to move the goalposts on rates guidance than bite the bullet and raise them.

Last August, the Bank’s Monetary Policy Committee (MPC) said it wouldn’t even contemplate a rise in the Bank Rate until unemployment fell to 7 per cent. With a fast-recovering economy, this threshold now looks like being reached much earlier than expected, possibly as soon as mid-year. The Bank might, therefore, prefer a reduction in the threshold – say to 6.5 per cent – to an early rise in rates.

There are, admittedly, plenty of good reasons for arguing this case. Inflati

Read more…

A Novel ETF Manager

No Comments » | Posted by Joseph Carr-Boyd
Jan 03 2014

Sure, diversification is an important aspect of creating a successful long-term portfolio. But that doesn’t mean investors have to watch stoically as assets lose value at certain times, according to the founders of an interesting new Web-based money manager, PJMint. …

5 tips for better success when investing in P2P loans

No Comments » | Posted by Joseph Carr-Boyd
Dec 27 2013

This post, written by Miranda Marquit, is from our partner site Quizzle.

Years ago, I received free money to invest in P2P loans for review purposes. I would get to keep the money, and I could write about my experience with P2P investing. I decided to accept the assignment, since the money was free, and I could invest it how I wanted. Not only would I get the money, I figured, but I would also benefit from the returns (if any) generated by the money.

I had a good experience, and began investing my own money. Now, a few years later, I still have money invested in P2P loans. It’s a relatively small portion of my overall portfolio, but I’ve seen reasonable returns. And, during the downturn, my annualized returns beat the stock market.

If you are interested in P2P loans as an investment, here are 5 tips to help you improve your chances of success:

1. Start Small Most of the time, you can start with as little as $25. If you are worried about how things are going, and if you want to get the hang of things before you commit more, you can start small. Only invest money you can afford to lose. While there is a reasonably solid track record for payoff, there is still the chance of default.

2. Research the Notes You are more likely to have success in picking notes if you do your homework ahead of time. Read up on the reason the borrower wants the loan, and determine whether or not the story resonates with you — and rings true. It’s

Read more…

NZ dollar little changed

No Comments » | Posted by Joseph Carr-Boyd
Dec 23 2013

Dec. 24 The New Zealand dollar was little changed against major currencies today, reflecting low liquidity and a lack of new data leading in to the Christmas holiday period.

NZ dollar little changed against major currencies on low liquidity leading into Xmas

Dec. 24 – The New Zealand dollar was little changed against major currencies today, reflecting low liquidity and a lack of new data leading in to the Christmas holiday period.

The kiwi slipped a touch to 81.82 US cents at about 4pm in Wellington, from 82.06 cents at 8am this morning. The trade-weighted index edged lower to 77.38 from 77.50 this morning.

The New Zealand dollar was little changed against most of the major currencies as traders vacate their desks for the Christmas holiday break. The kiwi traded in a narrow range of just 30 basis points against the greenback today with no major news or data to drive it and low liquidity.

The kiwi has left for an early Christmas, there has been absolutely no movement,” said Peter Cavanaugh, client adviser at Bancorp Treasury. “Currency markets went into pre-Christmas mode at the end of last week.”

The New Zealand dollar weakened slightly to 91.76 Australian cents at 2pm from 91.85 this morning after advancing about 15 percent this year as a strengthening local economy contrasts with a slowdown in Australia, boosting the lure of local assets.

The kiwi has drifted lower against the Aussie this week, reflecting that the outperformance of New Zealand is fully valued in the cross rate, said Bancorp’s Cavanaugh.

The local currency was a touch lower at 59.80 euro cents at 2pm from 59.92 cents this morning and at 50.11 British pence from 50.19 pence. The local

Read more…