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balanced fund

Super hopes turn sour for retiring boomers

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DO NOT count on superannuation to provide the life of Riley when you retire. Despite the sharemarket recovery last year, the average balanced super fund has returned only 5.51 per cent a year in the past decade, or about 2.2 per cent above inflation. This is below their target of 3 to 3.5
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NZ equity market still a good bet: AMP

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NZPA The New Zealand sharemarket is still a better bet than cash or bonds, despite it appearing to have peaked at the beginning of the year, says AMP Capital's head of investment strategy. As 2010 began on a weak note, with a significant reversal in share price improvement, Jason Wong
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