Gavin Hyde - Registered Financial Adviser at lika

likaADVICE is here for you whether it is lending, insurance, kiwisaver or asset protection we have you covered. With 20+ years experience Gavin has the tools and skills to help you navigate the financial seas, avoid the sales sharks and product maelstroms.
Gavin Hyde - Registered Financial Adviser at lika
Gavin Hyde - Registered Financial Adviser at lika tagged Fixed Interest rate review - secure a great rate.
Housing rates keep falling with the BNZ moving their 2 -year rate down to 3.79%.

If you are with the BNZ contact me to lock this in or to see if we can get a sharp rate on their 3-year rate where they have shown willingness to move.

New clients welcome (yes I can help existing BNZ clients as well as any other bank clients)

Contact me on 0221883844 or gavin@lika.co.nz
Gavin Hyde - Registered Financial Adviser at lika
Gavin Hyde - Registered Financial Adviser at lika
KiwiSaver Fund managers and Charitable giving

A new KiwiSaver fund has launched called Caresaver - created by Pathfinder Asset Management.

Like Simplicity, it is pitching that a percentage of the fund management fees it charges KiwiSaver fund holders will be given to a range of Charities such as Forrest & Bird, Plunkett and Mental Health Foundation. So is this a noble act or a cynical marketing ploy? I have a few issues with this.

1. The companies that your KiwiSaver Fund invests in, in general, will have some community sponsorship or charitable giving already these monies being spent are factored into their dividends and share prices. So in a sense, your funds have already made contributions, now you are making donations again from inflated management fees.

2. 20% is not an insignificant amount. Either the fund management fees are 20% too high or the fund managers are underpaying staff. Neither scenario is desirable. I would want well compensated and motivated staff managing my funds nor would I want to be paying 20% too much in management fees.

3. If there is tax to be claimed back for making these charitable donations who are receiving these benefits - the Fund managers or does this get placed back into the KiwiSaver funds?
I think we can guess the answer to this.

I think the key here is not to let what is effectively a marketing strategy ultimately influence one's investment decisions.

https://www.goodreturns.co.nz/article/976515200/pathfinder-backed-kiwisaver-to-target-gender-diversity.html
Gavin Hyde - Registered Financial Adviser at lika
Gavin Hyde - Registered Financial Adviser at lika published a note.
When a trip abroad leads to big $$
Gavin Hyde - Registered Financial Adviser at lika
Gavin Hyde - Registered Financial Adviser at lika
"In Auckland, the country's largest real estate market, June sales were down 3.2% compared to a year ago and were at their lowest level for the month of June since 2010."

Again the data is pointing more to an absence of sellers from the property market and some unwillingness for buyers to meet sellers price expectations.

However, things that active buyers can take away are that

a) sellers that are advertising currently are generally selling because they have to. Stick around after the auction is passed in and put an offer in. Negotiate on terms that are more favourable to you as well.

b) You may not have a competitive buying situation so use time as a tactic. Be wary of the real estate agent who says they are going to present another offer tomorrow or has another active buyer. While it may be true it may be just as likely bluff.

c) if you really like the property be bold especially when the difference between selling and buying prices gets closer. Consider changing one of the terms of sale as a trade-off for a move up in price. eg a longer or shorter settlement date. Remember $5-15,000 in the larger scheme of living in a property for 10+ years is relatively small normally.

https://www.interest.co.nz/property/100670/housing-market-continues-hibernate-over-winter-sales-volumes-five-year-lows-and
Gavin Hyde - Registered Financial Adviser at lika
Gavin Hyde - Registered Financial Adviser at lika
July Edition of Generate KiwiSaver Scheme Newsletter

After riding through a challenging month in May, the funds bounced back solidly in June. The Focused Growth, Growth, and Conservative Funds returned an impressive 5.29%, 4.93% and 2.54% respectively.....

http://generatekiwisaver.cmail19.com/t/ViewEmail/d/CFF99F39C532BAB92540EF23F30FEDED/3308C2A1477020826B5BE456C00C2519
Gavin Hyde - Registered Financial Adviser at lika
Gavin Hyde - Registered Financial Adviser at lika
A new meetup for 1st-time buyers.

Your opportunity to pick the brains and knowledge of someone that has been in the finance industry for 23 years. No question is silly.

Learn what the banks are looking for and what it takes to achieve more with smaller deposits. What types of personal debts you should clear prior and what types don't make a difference. How can you use your KiwiSaver? What does it entail if your family wish to assist you, Can you buy with a friend and what does that mean plus much more.

https://www.meetup.com/Buying-my-first-home-Apartment-group/events/262749955/

After tie.....
England win #CWC Cricket World Cup due to having the most runs scored by lefthanders in the final between the two teams.

England wins #cwc on the back of an utterly lucky deflection for 4 from Stokes bat when diving for his ground. When a win isn't a win.

What is the criminal cut off line for All Black selection?

Is Man assaults woman just below the line, would the person be selected if he abused a child, had done Class A drugs, posted homophobic messages on Instagram?

The @AllBlacks brand and @NZRugby say a lot of things like

Please people go to the warehouse and buy yourself even a basic helmet then call me to review your insurances. Bad stuff does happen 😮☹️
Scooter rider dies after incident in central Auckland https://t.co/1KlyelaLGk

Interesting statement from the union.. the removal of sales incentives is an effective pay cut and a loss of opportunity to earn money. I c industrial action in the future.

Bank staff welcome industry move to can frontline sales incentives https://t.co/iSpObyZS9P
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