Home Loans during Covid-19

For our clients seeking relief from fixed financial commitments and interest costs, we have put together some options available for you depending on your circumstances:

Important note about mortgage repayment deferral: interest is still charged and added to the loan, meaning your loan balance will increase, and you’ll likely pay more interest overall. After the deferral, your repayments will likely be higher unless the loan term is extended.

Please feel free to reach out to us if you have any questions and/or if you need help with your mortgage.

Market Outlook 2020

2020 was looking better until a few weeks ago when the world was hit by the Coronavirus. We believe that activity will recover with no real economic loss if this only lasts for a short period.

AMP Wealth Management NZ has recently released an article on "What to do when markets fall?" We found page 3 particularly interesting and very relevant to majority of our clients.

Are you comfortable with your investments?

If you do tend to get concerned or anxious when markets drop, it would be a good idea to check that you’re in the right type of investments. Think about your investment time-frame, when you will need your money, how much risk you’re prepared to take on to get to where you want to be etc.

If you’re not sure about this, make sure you talk to your Financial Adviser (or seek the assistance of an Adviser if you don’t have one) who can assist you through this process. When an Adviser helps you put an investment plan together, it’s always based on your needs, whether they’re short or long term. Generally longer-term investment strategies mean that your portfolio may have a higher proportion of “growth” investments i.e. shares and property. Shares, in particular, can deliver much higher returns over the long term but the ups and downs of the market along the way can test your nerves. If you are finding that it’s too much to handle then have a think about your investment mix to make sure it’s right for you, e.g. would you be more comfortable if you were to reduce the amount you have invested in shares and instead invest this in things that are less prone to ups and downs?

The aim is to make sure you’re comfortable that your investments are appropriate to meet your goals whilst being able to handle the short-term ups and downs along the way. Understanding how your money is invested can help to calm the nerves. Generally, Advisers will recommend that you invest your money across a range of investment types and the amount you invest in each type will be determined by your investment goals, time-frame, and your attitude to risk etc. If you’re not sure, ask your Adviser to explain it to you.

Our message to clients is to trust the research & “hug” your risk profile. In a big picture sense, the fall in share markets should be seen as just another correction after markets ran hard and fast into record highs this year from their last decent correction into August last year.

It's that time of the year again!

On behalf of all our team at Trilogy Financial Solutions and S W Morris & Associates, we wish you a very Merry Christmas.

It has been exciting establishing Trilogy Financial Solutions which is now part of the WealthPoint Network and we are incredibly excited for what 2020 has install for us.

With the holidays coming up, we thought we’d share a little message…

Just like you, here at Trilogy FS, we love our presents, food and Christmas decorations. We also understand that it’s all fun and games until we overshoot our holiday spending. While we love Christmas, we want you to enjoy the gift-giving season without any guilt-ridden overspending. Don’t forget that once Christmas is over, you do have all those financial obligations of the month ahead – rent, bills, debt payments, school donations etc.

A few tips…

Make a list and stick to it.

1) Track your spending as you go and move amounts around when needed.

2) Don’t say yes to everything - It's ok to turn down the odd event here and there. This can end up saving you a small fortune over the holiday period.

3) Spend your time, not money.

Last but not least, enjoy this silly season.

Merry Christmas and a Happy New Year,

From the team at Trilogy Financial Solutions and our sister company – S W Morris & Associates.