Investigating investment

Ruapehu Bulletin, Volume 12, Issue 546, 26 July 1994, Page 4

Investigating investment

By Warrick Funnell, Wanganui Investment Brokers •/ have an investment in the Jardine Fleming International Bond Fund which has reduced in value considerably since I invested a year ago. The investment adviser told me the bond was invested in various dijferent countrys' government stock, so how couldllose? Losing Out □ Dear 'Losing Out'; Our currency has increased in value against other currencies, especially the US dollar. If you have money invested in another currency and our currency strengthens against it then you will get less in New Zealand dollars when you value your investment at home. My advice to you, if you wish to keep your current investment in the interest sector, is to reinvest in a New Zealand mortgage trust or something similar. Interest rates locally have moved up now and there is no currency risk this way. Should. you wish us to we would be happy to advise a suitable fund recommended by the research house, FPG. 01 ama solo motherfortunate enough to own my own house. If anything happens to me the house becomes freehold and is passed on to my child. Herfather has never had anything to do with her but my worry is that he may try to gain custody of her in the event ofmy death ifshe is worth something. How can I ensure that via my will he cannot gain access to my child or the estate? Covering My A □ Dear 'Covering My A'; Obviously in your case you already have a will but if it has not recently been updated then it should be and should include the appointment of a guardian for your child. If the natural father contests the guardianship of the child after your death then it would be up to the court to decide the appropriate action but at least your child would have a better chance of the guardian of your choice if instructions were left in your will than if they weren't. When you remake your will ensure that the Trustee you choose is a trustworthy person (or you can use a trust company) that will act in your and your child' s best interests and will not be influenced by other people. Disclaimer: The advice given here is of a general and non-specific nature. It is essential to seek full advice for each individual case before any action is taken.