Money Magazine September 2022

FROM THE EDITOR EDITOR’S DESK LAST MONTH WE devoted our cover story, "Build your defences”, to showing you how to protect your savings in tough times. In this issue, we look at the other side of the coin: the investment opportunities that have sprung up of late (“Bargain buys”, page 32). For all the doom-and-gloom talk, there are ways to stay on track with your financial goals despite all the economic speed bumps. We've also put together a mix of articles in this issue to cater for those who have just started learning about investing ("Chart your way to success", page 76) to those who are further along in their journey (“Expand your search for cash”, page 66). Don’t worry if you trip over some of the terms and concepts. After…

LAST MONTH WE devoted our cover story, "Build your defences”, to showing you how to protect your savings in tough times. In this issue, we look at the other side of the coin: the investment opportunities that have sprung up of late (“Bargain buys”, page 32). For all the doom-and-gloom talk, there are ways to stay on track with your financial goals despite all the economic speed bumps. We've also put together a mix of articles in this issue to cater for those who have just started learning about investing ("Chart your way to success", page 76) to those who are further along in their journey (“Expand your search for cash”, page 66). Don’t worry if you trip over some of the terms and concepts. After many years of interviewing finance…

Letter of the month Landlord's powers - and profits - are being eroded I have to disagree with Jordan’s mantra that “the landlord has all the power" (On my mind, July issue). Part of the problem causing the current housing crisis is the fact those powers - that is, a landlord’s right to control their asset - have been eroded to a point they have either decided to sell or leave it empty. Given that a house/unit is a rather substantial investment financially and often emotionally, the fact that landlords cannot say no to pets or to a tenant doing minor alterations to the property without their knowledge makes property investing no longer a viable or desirable investment option. With rising costs on mortgages, insurance, government taxes and services to maintain a property, a…

Letter of the month Landlord's powers - and profits - are being eroded I have to disagree with Jordan’s mantra that “the landlord has all the power" (On my mind, July issue). Part of the problem causing the current housing crisis is the fact those powers - that is, a landlord’s right to control their asset - have been eroded to a point they have either decided to sell or leave it empty. Given that a house/unit is a rather substantial investment financially and often emotionally, the fact that landlords cannot say no to pets or to a tenant doing minor alterations to the property without their knowledge makes property investing no longer a viable or desirable investment option. With rising costs on mortgages, insurance, government taxes and services to…

VITA PALESTRANT Contributing writer I began saving early in life with a money box. My mother kept the tiny keys to it and when it was full the coins went into a bank account. Saving became second nature. Money from various jobs during high school and uni grew in the account. Discovering the power of compounding ensured it. That’s how I bought my first car, without debt and with a great sense of achievement. NICOLA FIELD Contributing writer My parents lived by the motto "look after the pennies and the pounds will take care of themselves”. They hunted for bargains and we lived modestly. But by doing so we could afford to take an overseas holiday each year. It certainly taught me the value of shopping around and thinking twice…

VITA PALESTRANT Contributing writer I began saving early in life with a money box. My mother kept the tiny keys to it and when it was full the coins went into a bank account. Saving became second nature. Money from various jobs during high school and uni grew in the account. Discovering the power of compounding ensured it. That’s how I bought my first car, without debt and with a great sense of achievement. NICOLA FIELD Contributing writer My parents lived by the motto "look after the pennies and the pounds will take care of themselves”. They hunted for bargains and we lived modestly. But by doing so we could afford to take an overseas holiday each year. It certainly taught me the value of shopping around and thinking twice about whether an…