Kiwi Saver, Mary Holm financial writer and columnist

  Independent and down to earth financial info you can trust
  from Mary Holm, New Zealand's most widely read investment writer

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Read Mary's current Herald column on-line now, listen to recent radio broadcasts, or search the archives for previous subjects in her Herald and syndicated columns or broadcasts.


Term Deposits

The following is a selection of articles and radio broadcasts mainly from January 2005 to the present. To explore this topic in more depth and access earlier columns, please use the search box.

Articles

NZ Herald 15 April 2017

Q&As: Best long-term investment for entrepreneurial teen
- Reader aghast that beneficiary can keep savings
- Pictured foot is impressive
- Grateful reader's pension rises after reading column
- Free online booklet about investment risks
- Correction about internet link

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NZ Herald 11 February 2017

Q&As: The struggle of some beneficiaries
- If you don't like bank's interest payment policy, shop around
- Should couple put all their cash in house deposit, or invest in shares too?

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NZ Herald 4 February 2017

Q&As: How much emergency money, and where should it be invested?
- When it's a good idea to keep your bank at arm's length
- Should young couple buy a home now, or wait and hope on prices and exchange rates?
- Best way to compare KiwiSaver funds

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NZ Herald 8 October 2016

Q&As: Perhaps we should celebrate a young man's spending splurge
- Don't get rid of student loan, pay down mortgage
- Dodgy share advice given to elderly couple
- Think of NZ Super as insurance
- Pension info there, but reader may have been distracted

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NZ Herald 1 October 2016

Q&As: Retiree still wants to have fun in the markets
- Whose tax rate should be used on a joint bank account?
- Daughter should bring back house money from the UK gradually
- Which banks now require notice for term deposit early withdrawals?
- Should families get money if a person dies before getting any NZ Super?

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NZ Herald 24 September 2016

Q&As: 2 Q&As on keeping savings in KiwiSaver or term deposits during retirement
- Small-town landlords face bigger rate bills
- Is a reader envious of last week's correspondent?
- Alternative payment helps some recipients of foreign state pensions

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NZ Herald 17 September 2016

Q&As: What to do with spare proceeds from Auckland house sale
- Worrying about mortgage break fee is tail wagging dog
- Getting the most out of KiwiSaver and a work super scheme
- NZ Super too generous for recent immigrants?

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RNZ Radio 15 September 2016

Why I'm sticking with shares for the long term - despite recent research

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NZ Herald 13 August 2016

Q&As: Couple should try share investing, despite the '87 crash
- Current interest rates not too bad, because inflation is so low
- Should family move once or twice?
- A reader's suggestions for last week's couple not all that helpful

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NZ Herald 23 July 2016

Q&As: Should we bail out of bank accounts if house prices plunge 40 per cent?
- All bank accounts and term deposits affected if a bank fails
- Thanks but no thanks to a suggested video
- Share funds much safer than finance companies were
- 65-pluser should stick with KiwiSaver given employer's generosity

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NZ Herald 16 July 2016

Q&As: 'Laddering' term deposits has several advantages
- Riskier funds tend to do better, but fees hit reader's returns
- Get agent's advice on upgrading house before selling?
- Reader's first KiwiSaver tax credit a disappointment

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NZ Herald 2 July 2016

Q&As: A reader challenges my 2008 advice on term deposits
- Another wants to buy - not sell - UK shares right now
- Family should consider inner Auckland townhouse
- My motive is uncovered!
- Some lucky reading at McDonalds
- Corrections

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RNZ Radio 12 May 2016

More on spreading your money around

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RNZ Radio 5 May 2016

Two key points about investing

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RNZ Radio 28 April 2016

Different types of investments

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NZ Herald 26 March 2016

Q&As: Reader suggests an economist could explain unfair tax on term deposits and property investment
- ... And the economist does so
- Shares work well for retiree
- 3 ways another retiree could cut expenses
- How to reduce the cost of a funeral
- Debt-dodging daughter should attend a course

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NZ Herald 12 March 2016

Q&As: Judge interest rates against inflation
- Retired couple seek higher returns
- KiwiSaver provider drops fees on low balances
- Young home buyers weigh up fixed and floating mortgages

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NZ Herald 6 February 2016

Q&As: Forget Lotto and enter competitions
- Are Bonus Bonds a good substitute for health insurance?
- Shares not the answer for student's savings
- Reader dislikes my comments about young landlord
- Request for pros and cons of living on a boat

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NZ Herald 19 December 2015

Q&As: Are Bonus Bonds a good place for retirement savings?
- How safe are Bonus Bonds?
- Another KiwiSaver provider that allows regular withdrawals in retirement
- Happy reader moving into new home - thanks partly to this column

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NZ Herald 10 October 2015

Q&As: Calculators that measure your life expectancy more accurately
- Is it better to repay a mortgage or save?
- Don't overreact to worry that KiwiSaver retirement withdrawals could be limited
- Don't assume any interest rate trend will continue
- What would happen to members' savings if a KiwiSaver provider went bust

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NZ Herald 3 October 2015

Q&As: What are bonds, and are they a good investment?
- KiwiSaver instead of term deposits for retiree?
- Can you judge KiwiSaver fund by 2-month return?
- How tax affects Givealittle fundraising in memory of daughter

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NZ Herald 15 August 2015

Q&As: 70-year-olds should skip buying unit and spend their savings
- How to set up a regular income from bank term deposits
- One reader applauds my being tough on those with big credit card debt ...
- ... While another is incensed by it

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NZ Herald 18 July 2015

Q&As: Financial advisers fail to give good advice on risk to woman in 20s
- If a bank fails, a percentage of all accounts would be frozen ...
- And only a small amount in transaction accounts would be exempt
- Reader is disappointed that I didn't discuss the tax on gains from property

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NZ Herald 4 July 2015

Q&As: Women's gifting circles look to be illegal, and ...
- ... they could lead to 'an abundance of hate'
- Shortish-term money shouldn't be in shares, despite adviser
- An advantage of regularly investing the same amount, whatever the market does
- One provider charges less for non-KiwiSaver funds

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NZ Herald 13 June 2015

Q&As: Reader uneasy about crowdfunding company's marketing
- Plans to time the share market with KiwiSaver are worrying
- Are the politicians complaining?

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NZ Herald 7 March 2015

Q&As: Some ideas better than others for those worried about bank deposits
- Reader scares friends unnecessarily
- How to even out loans to siblings in a will
- "Only thing my girls are getting is an education"

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NZ Herald 28 February 2015

Q&As: Why are NZ banks following the lead of their Aussie parents?
- Should reader spread money over several banks, just in case?
- Two readers have no sympathy for younger daughter in recent Q&A, but ...
- Another reader's idea is more harmonious
- Auckland house prices too high? Try Taupo

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NZ Herald 21 February 2015

Q&As: Do bank bonds beat term deposits for savings for a house?
- Does separated woman taking a risk remaining in the family home?
- 3 Q&As about a father's loan to a daughter and sibling rivalry

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NZ Herald 7 February 2015

Q&As: Can 57-year-old separated woman on low income get a mortgage?
- Should move from term deposits to balanced fund be done all at once?
- Ditto for move to higher-risk KiwiSaver fund
- How to get independent advice - on paying down the mortgage

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NZ Herald 6 December 2014

Q&As: Term deposit interest not so bad for people in retirement
- How much in savings to get income equal to NZ Super?
- Reader challenges my comment about landlords' tax

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NZ Herald 16 August 2014

Q&As: How Labour's proposed capital gains tax would work
- Complications on withdrawing KiwiSaver money in retirement
- Reader's choice years ago affects his pension
- Second thoughts on Canadian pensions and NZ Super
- Why campaign calls for different tax on KiwiSaver and term deposits

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NZ Herald 10 May 2014

Q&As: Ask your bank for a higher term deposit rate
- How reader got around Genesis Energy share scaling
- Genesis share profits likely to be taxed
- Donate tiny share parcels to charity
- 2 Q&As on advice for woman wondering whether to renovate or sell

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NZ Herald 3 May 2014

Q&As: Do the banks tend to raise term deposit rates as much as mortgage rates?
- Some worries about compulsory KiwiSaver
- Did 'Mum and Dad' investors get a raw deal on Genesis Energy shares?
- An alternative to painting the house - for last week's correspondent

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NZ Herald 15 March 2014

Q&As: Think before investing in a rental with a relative, especially in your 60s
- A challenge to the banks about term deposit comparisons
- Is share brokerage deductible? Be careful what you wish for!
- Couple do really well in KiwiSaver, although it's partly good luck
Money column for March 15 2014

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NZ Herald 8 March 2014

Q&As: Laddering helps with term deposits, and we'll have to learn to live with rule changes
- High-quality bonds an alternative to term deposits
- Can an employee join KiwiSaver without employer involvement?

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NZ Herald 1 March 2014

Q&As: More can be in KiwiSaver than commonly thought
- Banks no help when comparing deposit rates
- Are New Zealanders out of step about the security of home ownership?
- Don't rush to move house when the kids leave home
- Are KiwiSaver fees tax deductable?

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NZ Herald 30 June 2012

Q&As: How to reduce the cost of medical insurance - and other insurance
- Do tax and morality mix?
- Poor communications a good reason to skip a KiwiSaver provider

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NZ Herald 26 November 2011

Q&As: Are shares still the best long-term investment, despite recent results?
Investing in bank term deposits has its own risk - that of inflation eating into returns
Older job applicants might want to play down their age on their CV
Volunteering overseas an option for couple in their 60s who can't find jobs

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NZ Herald 27 August 2011

Q&As: Fears about the safety of banks unfounded
- A good idea to spread the family around several KiwiSaver providers
- KiwiSaver member misunderstands why her provider moved her money
- Reader urges me to hold my ground on gold, and to encourage investment in small high-tech companies

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NZ Herald 26 February 2011

Q&As: Why 55-year-old Mum shouldn't give up on home ownership
- Important to save a little, even if you have a mortgage, to gain market knowledge over the years
- Banks "are just like car dealers"
- Will below-market share buyer lose it all in tax?

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NZ Herald 5 February 2011

Q&As: Should we all panic over the Savings Working Group's dire forecasts?
- Do Bill English and Alan Bollard need to talk about how hard it is for New Zealanders to save?
- Why mailing nasties to companies that make low-priced share offers might not work

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NZ Herald 13 November 2010

Q&As: Online banking timing - which banks do what?
- Bank safe deposit boxes becoming a rarity
- Why the price of gold is more likely to be heading down than up

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NZ Herald 25 September 2010

Q&As: Bank securities not quite what a reader was hoping for
The closing of a KiwiSaver scheme hasn't gone as smoothly as hoped, but it's no big deal
First home buyers should invest conservatively in KiwiSaver - plus: a painless time to join KiwiSaver

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NZ Herald 24 July 2010

Q&As: One reader is angry that ASB is closing the trusts he's invested in, while ...
Another reader sees it as a great opportunity to try a new investment strategy with term deposits
I might be a duck or a weasel, but I'm not a financial adviser

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NZ Herald 10 July 2010

Q&As: Other ways in which gold is risky
The difference between term deposits and bonds
Why is ING's default KiwiSaver scheme cheaper than the very similar ANZ and National Bank schemes?
Readers offer some udder ideas on what to call Mum and Dad investors

Money column for 10 July 2010

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NZ Herald 17 April 2010

Q&As: KiwiSaver fees - and how an article may have misled people
The range of KiwiSaver fees
Is bank cheating a customer on tax withholding rates?
Depreciation usually clawed back when a landlord sells - or is it?
More comments from and about landlords

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NZ Herald 5 September 2009

Q&As: Delaying joining KiwiSaver can mean you'll miss out on many thousands of dollars
How retired person can get the best out of KiwiSaver
Couple should use PIEs to make the most of their savings

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NZ Herald June 6 2009

Q&As: Are rental properties the low-risk way to invest?
How to find out which financial institutions are covered by the government's deposit guarantee scheme
Getting rid of KiwiSaver mortgage diversion was a mercy killing

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NZ Herald March 21 2009

Q&As: Tips for retired couple whose interest income has halved.
Savings accounts may pay more interest than term deposits - but take care.
Tax on foreign shares seems tough in current environment

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NZ Herald December 6 2008

Q&As: Couple can afford to retire youngish, especially if they are willing to eat into their savings.
Cash PIE not always a good substitute for a term deposit - but there's another way to achieve reader's goal using PIE tax advantages.

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NZ Herald November 29 2008

Q&As: Repaying a mortgage - on a home or rental property - almost always better than saving with term deposits.
KiwiSaver works well for children.
3 Q&As on charitable Christmas giving.

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NZ Herald October 18 2008

Q&As: Everything you need to know about the government's new deposit guarantee scheme.
Under the new scheme, should we move our money from banks to covered finance companies?
Will KiwiSaver still be good for self-employed 62-year-old if National wins the election?
Plus: Readers' views on KiwiSaver

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NZ Herald May 24 2008

Q&As: Far from being "devalued", bank term deposits are a good deal these days.
Don't bail out of funds that include shares, despite forecasts of lower long-term returns.
No, last week's comment on the non-deductibility of mortgage interest wasn't wrong - 2 Q&As.
Another option for last week's correspondent is house-sitting.

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Syndicated column May 13 2008: Safe haven for nervous investors

Spooked by the Blue Chip, Feltex and finance company collapses, a growing number of New Zealanders are joining the "flight to quality" by buying government bonds or their little brothers, Kiwi Bonds.

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NZ Herald May 10 2008

Q&As: Grandma will help grandson more by opening her own KiwiSaver account and giving him the savings.
Ultraconservative KiwiSaver funds are as safe as bank accounts, and bring much higher returns.
Is lack of self control more prevalent now than in the past?
Government bonds have their place for the ordinary investor.

Money column for May 10 08

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NZ Herald April 26 2008

Q&As: KiwiSaver the last straw for employer of "whinging, incompetent" New Zealanders
Reserve Bank offers some reassurance for reader worried that NZ banks could be caught up in their foreign parent's woes ...
.... But if you're still worried, consider the safest investments of all, government securities.

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NZ Herald March 8 2008

Q&As: A landlord's threats are perhaps a little hasty - but he has a point.
A KiwiSaver misunderstands the ups and downs of the market.
Are property shares a good option for young man saving to buy his first home?

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NZ Herald February 23 2008

Q&As: A middle-of-nowhere section might not be the best choice for a 25-year-old's savings while he studies.
Have delays in processing KiwiSaver contributions hurt savers in the recent tumultuous markets?
How to top up your KiwiSaver contributions so you get the full tax credit.

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NZ Herald November 24 2007

Q&As: Eggs in baskets don't really apply to term deposits, but there's another way to diversify.
Taxing options if you take flatmates in to help you pay the mortgage.
2 Q&As on how to make the most of KiwiSaver if you are in and out of the work force.

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NZ Herald November 25 2006

Q&As: Is it a good idea to go back to 100 per cent mortgage on rental and invest the money in a term deposit?
A reader supports gradually building up a share portfolio.
Another charity offers Christmas gifts for the needy on behalf of your friends and relatives.
Reader wants more info on charities before making gifts.
A Sydney minister's quick-witted response.
Prices then and now - and how houses fit into the picture.
Cathedral carvings show inflation is nothing new.
A reader's pie and doughnut confession.

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NZ Herald November 18 2006

Q&As: Should we get bigger tax deductions for donations to charity? Also - give Christmas gifts to those who really need them.
Readers disagree over the price of a 1950s pie.
Buying shares company by company, over the years, not the best strategy.
Is the new proposed tax on international shares fair?

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NZ Herald November 11 2006

Q&As: What's happened to the price of pies over the years?
Would it be good for NZ if Inland Revenue was tougher on rental property capital gains?
When is "income" really "profit"?
Reluctant shareholders worry about their lack of power - How best to hold shares.

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NZ Herald November 4 2006

Q&As: Two on why many rental property investors should pay tax on their gains when they sell. It's the law!
How to teach teens about budgeting.
Allowing for tax when calculating returns on term deposits.

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NZ Herald October 7 2006

Q&As: Should you portfolio be regularly serviced? And how do you calculate the return on it?
How to work out which term deposit is better.
What's in a finance company name?

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NZ Herald September 2 2006

Q&As: Some options for a whinging woman who can't afford a home.
Is wealthy couple wise to do it themselves when it comes to their investments?
Reader who dislikes "that word" boycotts Toyota.
Getting mean over medians and averages.

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NZ Herald July 8 2006

Q&As: What to do about negligent adviser who recommended bad finance company investment.
Do high earners pay too much of the tax burden?
Parable about why the highest taxed get the biggest tax breaks.

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Holm Truths autumn 06

Stuff and happiness: Buying things you don't really need

Also in this issue: From the Mailbox - Should a young man buy himself a house?

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Syndicated column March 28 2006: What we don't know CAN hurt us

One of the first things journalists are taught is to make the first sentence of an article a "grabber", something that will perhaps surprise readers and make them read on.

So this column is officially starting now: Every New Zealander over 65 gets NZ Super, no matter how rich they are.

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NZ Herald February 25 2006

Q&As: Is compounding interest over-rated?
Credit cards v eftpos.
How long is long-term? Returns on different assets.

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NZ Herald January 21 2006

Q&As: Shares v term deposits - it depends how much time you have.
Short-of-cash millionaires should try to renegotiate their mortgage.
When is a 2% penalty not 2%?

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NZ Herald December 3 2005

Q&As: Who gets the money when mortgage rates increase?
2 Q&As on whether the tax rate on second jobs is fair.

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NZ Herald August 6 2005

Q&As: 18-year-old should wait a bit before buying a house.
Saving for the grandchildren - how much risk is good?
Rental property depreciation risks.

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Holm Truths winter 05

Seize the chance: A great way to boost your savings

Also in this issue: From the Mailbox - Investment as retirement approaches

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NZ Herald May 21 2005

Q&As: Article and follow-up column from last week, on how interest is paid on term deposits, and how not to be ripped off.

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NZ Herald May 14 2005

Front page article and Q&A on how interest is paid on term deposits and how to stop yourself from being ripped off.

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NZ Herald May 7 2005

Q&As: A letter to give a spouse who is mean with money.
Where to get info on interest rates.
Returns on share funds, and debt repayment.

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NZ Herald April 30 2005

Q&As: How do bonds differ from term deposits?
Where to get info on interest rates.

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NZ Herald April 23 2005

Q&As: Is it better to repay your mortgage or invest in a work super scheme?
Website with interest rate info.

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Syndicated column March 22 2005: Rentals not necessarily as good as they seem

Rental property is sometimes an excellent investment. There, I've said it, for all those who reckon I'm anti-rentals!

Often, though, rentals are not quite as good as people think - and not just because the tax breaks are over-rated, as I said in my last column.

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NZ Herald March 5 2005

Q&As: How to invest a student loan, and SHOULD you?
Where can you get an apartment for $100,000?
Bonds may beat term deposits, even for the short term.

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NZ Herald February 12 2005

Q&As: Should young person saving for a house buy now?
Where to invest while saving to buy a house.

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Syndicated column February 8 2005: Higher returns don't matter for the short term - they need time to work their magic.

There's more than one reason behind the old investment message that goes like this: If you need your money in just a few years invest your savings conservatively, but if you have a longer horizon take more risk.

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NZ Herald January 22 2005

Q&As: Couple "retiring" in their 30s wonder how to invest their savings.
94-year-old share trader doing just fine.
How to run a caravan rental business.

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Holm Truths winter 04

3rd big question: When? - How should you time your investing?

Also in this issue: From the Mailbox - Where to invest while saving for a car

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Holm Truths summer 03-04

Time is Money: A basic principle that helps you understand investing

Also in this issue: Great Debate - Revolving credit v traditional mortgages

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Holm Truths winter 03

First things first: How much should you invest in bonds, shares, property and so on?

Also in this issue: Great Debate: NZ v international shares

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Holm Truths autumn 03

Emotions and investing: The way we feel affects our investing in ways we are not aware of

Also in this issue: Great Debate - Term deposits v corporate bonds

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Holm Truths winter 01

Free lunch a rewarding spread: It's wise to spread your investment money around

Also in this issue: Great Debate - Shares v share funds

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Holm Truths autumn 01

Terms of enrichment: How long you want to tie up your money affects what you invest in.

Also in this issue: Great Debate - Shares v rental property

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