Affording University – Managed Funds

[vc_row triangle_shape="no"][vc_column][vc_column_text] Affording University: Managed Funds [/vc_column_text][vc_empty_space height="10px"][vc_column_text]Crib? Check. Nappies? Check. Onesies? Check. When preparing for a new baby, the checklist seems simple enough. Yet one item that is often overlooked, or put off in favour of more immediate concerns, is a university fund. [/vc_column_text][vc_empty_space height="22px"][vc_column_text]But experts say it is never too soon to start putting money away. According to ASB general manager of wealth Jonathan Beale, contributing just $100 a month to a managed fund in the current market would be putting in $24,000 in 18 years. Averaging a 5% growth rate each year nets you $36,000 for your child’s university...

01 October

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Considering Your Retirement

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[vc_row triangle_shape="no"][vc_column][vc_column_text] Young Professionals: When Should I Start Saving for Retirement? [/vc_column_text][vc_empty_space height="10px"][vc_column_text]In your early 20s, it can seem as though the future is only as far as tomorrow, or the weekend, or your next pay check. Some date 40 years from now is so nebulous, you may be lulled into thinking you have all the time in the world to prepare for it.[/vc_column_text][vc_empty_space height="22px"][vc_column_text]But when it comes to retirement savings, the preparation is in those four decades that you spend working.[/vc_column_text][vc_empty_space height="30px"][mkd_blockquote text="According to Westpac, you should have amassed a nest egg of almost $300,000, and own your own home, to...

17 September

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Credit and Budgeting

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[vc_row triangle_shape="no"][vc_column][vc_column_text] Using Credit Wisely [/vc_column_text][vc_empty_space height="10px"][vc_column_text] As a new student in a mind-boggling sea of first-year orientation activities, one tip hits home. Begin strong. If you work hard in early semesters to build up your GPA quickly, it can handle a few lower grades in later years as the work gets more challenging. But it is almost impossible to recover from a poor beginning, even if you perform amazingly well until graduation.[/vc_column_text][vc_empty_space height="22px"][vc_column_text]The same is true with credit. It takes many more years to undo the damage of careless spending than it does to absorb a hit with solid credit already established.[/vc_column_text][vc_empty_space...

03 September

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The Decision To Spend Or Save

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[vc_row triangle_shape="no"][vc_column][vc_column_text] Spend or Save? [/vc_column_text][vc_empty_space height="10px"][vc_column_text]Current trends indicate more of us are looking for experiential living rather than saving pennies for a rainy day. Then when the skies open up, we can be left with nothing to bail us out. So how do we balance experiencing life to the fullest, while still planning for the future?[/vc_column_text][vc_empty_space height="22px"][vc_column_text]One of the best things to do is consult an expert, like those at Pinnacle Gold. A financial adviser will help you create a smart plan to build up your savings account.[/vc_column_text][vc_empty_space height="22px"][vc_column_text]In the do-it-yourself column, use a simple Excel spreadsheet to keep track of...

20 August

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Education In The Way Of Funding?

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[vc_row triangle_shape="no"][vc_column][vc_column_text] Affording University: What Are the Options? [/vc_column_text][vc_empty_space height="10px"][vc_column_text]Helping young adults to choose the right school for tertiary education isn’t the only worry facing parents today. The rising cost of education is putting some families in a bind. Is there a “best way” to save for your children’s future?[/vc_column_text][vc_empty_space height="22px"][vc_column_text]Managed funds are great if you have more than 10 years to save. These investment schemes help to maximise growth potential, but it can be difficult to choose a high-performing fund. You also have to be prepared to weather the ups and downs of an ever-changing market.[/vc_column_text][vc_empty_space height="22px"][vc_column_text]If you’re short on time,...