Christmas greetings to you all!
This week looks likely to be a curious amalgam of hectic 'finishing off' things while trying to cope with the fact half the people you need to do that a 'slowing down' or have outright already 'gone off'.
No News is Good News
In the run up to Christmas, there is traditionally no news. Yet pages in print, slots on TV, and websites need to be filled nevertheless! In the financial service world we need weightier reasons for ignoring our news than a mere celebration and holiday. We need gravitas. So we are all waiting for the outcome of the taskforce on adviser regulation, or waiting to see who will blink first in the home loan rate war (apparently its Westpac), or we are waiting to see how the economy fares in the first quarter...
To give you property investors something to think about. Check out this article for a bit of light reading.
Of course, being continuously self-interested, I keep searching the tea-leaves for hope that I may not have to buy Campbell 'The Mystery' B lunch at the restaurant of his choosing for picking that interest rates would rise by about another half a percent between now and June (it was back in October I made the bet). Attentive readers will know this was a hedge against the unecessary expenditure on a planned (by my wife) extension to the house. But one still does not like to lose a bet, whereas losing to one's wife is inevitable. The relevant comment on the economy and interest rates is here.
Orange to Launch Soon?
This article talks a lot about DSE and Money Managers; and their new venture Orange Insurance (we're pleased to have them as a client). www.stuff.co.nz reckons they will launch in January, under the wise stewardship of Kevin Brailey. Consistent with our confidentiality commitments, we could not possibly comment.
Stink! The parents of one of my staff members are on a house boat up near Whangaroa. Pity them folk, pity them...