News Round Up

New Kiyosaki book here, Learn more about the Property Relationship Act, Out of the woods, More bonds coming, Financial Forecasts.

Sunday, February 3rd 2002, 12:24AM

The fifth, and final, how-to-invest book from best-selling author Robert Kiyosaki hits the bookshops this week.

Kiyosaki, who wrote Rich Dad Poor Dad, has just released in New Zealand Retire Young Retire Rich.

While the earlier books were heavily focused on the power of cashflow, Retire Young Retire Rich is all about leverage. Because of this, and New Zealander's love for debt and investment (particularly housing), this book is also picked to be a best seller.

Although the book isn't yet in mainstream bookstores you can get in first and order your copy now through Good Returns. Click here to buy your copy.

Special discount

How up-to-speed are you with the new Property Relationships Act that came into affect on Friday?

The new law impacts on every New Zealander who is either in or about to enter into a relationship.

To help you get up to speed Good Returns will be running a series of articles in the Trust and Estate Planning section of the site. The first in this series will be published on Monday.

Also, for a limited time we are offering you a discount on excellent book, For Richer For Poorer, which explains the new rules.

For Richer For Poorer is written by specialist matrimonial property lawyer Maria Konings, in association with fellow lawyer Deborah Hollings.

While the book is written by experts, it's been done in a plain English way to help Kiwis.

For a limited time we are offering this book at the discounted price of $34.95

To order your copy click here

More bonds coming

Tower Corporation is jumping on the debt bandwagon and is proposing to raise more than $100 million from investors through a bond issue.

"The success of recent debt issues in New Zealand has encouraged us to consider this form of capital as a means to assist the company finance its growth initiatives," Group managing director James Boonzaier

The issue is planned for the first half of this year and ABN Amro Rothschild has been appointed lead managers.

Out of the woods

DF Mainland says its Hardwood Forestry investment isn't likely to be caught up in the Inland Revenue Department's crackdown on mass-marketed tax schemes.

The IRD, as reported earlier, is planning to crackdown on investment schemes where the investors end up with tax deductions greater than the amount of money they invest.

While the idea is fine, some people are concerned (and this has been acknowledged by IRD) that legitimate investments, such as forestry, may get caught up in the changes.

DF Mainland believes its scheme is not likely to run into trouble as it isn't being targeted, and the IRD's discussion paper has an example of a forestry scheme that is likely to be clear of the net.

Financial Forecasts

For your blueprint to the year ahead read Financial Forecasts in the Special Reports section of the site.

Financial Forecasts provides you with nine in-depth articles looking at what is likely to happen in the various markets this year, as well as sectors of the financial services industry.

All the articles are written by experts in the various areas.

Use the following links to go directly to stories within Financial Forecasts - Your Blueprint to the Year Ahead

Economy: NZ economy likely to struggle
Intl shares: Spectacular growth unlikely this year
NZ shares: Upside Down Under?
Bonds: Another Solid Return Expected
Financial Planning: Competition about to go hyper
Super: Political parties yet to show their superannuation hand
Savings Industry: Three main challenges face industry
Insurance: A wish list
Tax: The Good, the Bad and the Ugly