Investment informant

Ruapehu Bulletin, Volume 12, Issue 551, 30 August 1994, Page 16

Investment informant

By Warrick Funnell, investment broker If you want answers to your questions please write to "Investment informant" P.O.Box 122 Ohakune Disclaimer The advice given here is of a general and non-specific nature. It is essential to seek full advice for each indi vidual case before taking any action. Iam afarm manger aged 44, we have a small superannuation and some savings. Should we buy a house nowfor retirement or should we increase our superannuation. Farmer What you must do is to secure the best investment you can for your future. Real estate saies people have all sorts of programmes and theories on how you can make a fortune owning domestic property. The truth however seems to be on average a return of between 6% and 8%. If you feel comfortable with the responsibility of tenants and this return then you should go for the house. If you choose real estate remember you are . always better to have the worst house in the best street than the best house in the worst street. Or you may prefer to use other forms of investment with about the same nett return. Whatever you do please do it from an informed base. Take independent advice from someone who has the experience to give it then do what you feel most comfortable with.