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JULY
NEWSLETTER UPDATE
“It is better
to have a permanent income than to be fascinating.”
Oscar Wilde
In
this Newsletter update:
Kind Regards,
Sheryl Sutherland
JJP, B.A (Otago), Dip.F.A.C (Otago), DipPFinPlan
(Waikato)
Authorised Financial Adviser (AFA) &
Managing Director of The Financial Strategies
Group (FSP
28246)
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Australia's Heart
Attack Insurance Scandal Forces Rethink In New
Zealand
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New Zealand banks are reviewing their life
insurance policies as a result of a heart
attack claims scandal involving Commonwealth
Bank of Australia.Earlier this year Commonwealth
Bank of Australia was shamed into changing
its definition of what constitutes a serious
heart attack after a man died, was resuscitated
and still had his claim turned down.
CBA's insurance arm would not pay out because
the level of a hormone called Troponin in
the man's body had not reached a level required
in the policy wording, which led to an apology
from chief executive Ian Narev.
Click here to read
more...
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Science
Finds Money Can Buy Happiness, If You Spend
It Right
Despite decades
of people telling us that money can't buy
happiness ("it's all about the experiences!"),
researchers have found new evidence that spending
actually can make our lives a whole lot better
- as long as you buy the right things.
Click here
to read more...
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A
Word (or two) about Brexit
There is a lot that we still don’t know about
how Brexit will ultimately play out. However,
it is not unreasonable to expect that, around
the globe, there may be winners and losers
that result from this. The difficulty is identifying
exactly who those different winners and losers
may be.
Whenever there is uncertainty about the safest
place to hide, then hide everywhere. Maintaining
wide diversification is absolutely the best
strategy for investors. This not only ensures
that exposure to potential losers is minimised,
but it guarantees exposure to all of the companies,
industries, asset classes, countries and regions
that will stand to benefit most from Brexit
in the coming weeks and months.
Click here to read more...
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After 20 years,
Siegel's new 'Stocks for the Long Run'
There are countless thousands of
investing books out there, including
mine, but precious few that could
be considered true classics. But no
such list would ever be complete without
"Stocks for the Long Run,"
by Jeremy Siegel, a finance professor
at the Wharton School of the University
of Pennsylvania.
Read more...
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Innocents
Abroad - The Case for International
Diversification
Indeed,
while few object to diversification
in principle, many investors argue that
it doesn’t work when most needed: during
a crisis. It is true that during the
financial crisis about the only two
asset classes that provided any real
hedge were safe haven bonds, including
Treasuries, and gold. Read
more...
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For more
than 150 informative articles, visit
our upgraded Money
Maven Blog. Read new and archived
articles covering both serious and amusing
topics.
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Contact
us: 0800 64MONEY, sheryl@strategies.co.nz
Our
Services: Financial Planning
Advice, Investment & Retirement
Advice, Developing a Portfolio, Risk
Management, Mortgages, UK Pension
Transfers, Australian Super Transfers,
KiwiSaver, Professional Speaking.
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