Some need to know, with a bit of WealthDesign nice to know thrown in.
It amazes me how many people invest using expensive reporting platforms where the adviser fee is linked to the size of the portfolios. Even worse, these advisers then invest into managed funds that add another layer of fees. If the investment market goes up by 15%, should the adviser get a 15% pay rise? Even worse is where the fund manager charges a performance fee! The market does what the market does. Advisers and fund managers promising alpha (to beat the market) may be telling tall stories. And as far as paying themselves a performance fee benchmarked off cash returns – in this market – words fail me.
Fees do matter because at the end of the day, what is left is the return to the investor.
read on...
Here at WealthDesign we pride ourselves on helping our clients wade through the tangles of the financial world. We like to educate our clients and as part of this, we provide knowledge about the industry as a whole. Our aim is to make the complex simple and help you, our valued clients and friends, achieve your life goals.
(more…)
read on...
Imagine loading up the car and heading off on a family holiday. After the usual dramas of getting everything and everyone into the car and leaving just in time to catch the ferry, you get halfway there and the car breaks down.
(more…)
read on...
John writes …
Last week I was in Feilding for a coffee and I took time to check out a couple of the old buildings – you know, those red, double brick buildings that once would have been classed as historic buildings. It made me stop and think about how the Christchurch earthquake will change the face of New Zealand for years to come.
(more…)
read on...