John Killick

Why Equities?

The focus of every long-term investor should be the growth of purchasing power – that is, monetary wealth adjusted for the effect of inflation.

The growth of purchasing power in equities not only dominates all other assets but also shows remarkable long-term stability.  Despite extraordinary changes in the...

Let’s have a dose of investment realism for 2016

The investment market is becoming more topical for financial journalism as the twin drivers, being demographic change and KiwiSaver, provide greater demand and a more concerned participant.

Unfortunately the quality of journalism is often light in rationale and progressively hysterical as events occur which drive negative sensationalism.  Namely...

Mind the disciplines through Christmas – and Happy New Year!

In a few months it marks 20 years since Sally and I opened the doors for business from the 5^th floor of Investment House, Featherston St Wellington.  We are older and wiser now and looking forward to transitioning into lesser roles within the company, however it is...

Merry Christmas 2015 – but sorry the investment bargains are over in Wellington

Equity and property markets are cyclical.  But they always revert to mean – an average.  In NZ, that average is 12% for equities and 8% for residential property – it has been since I entered the industry in 1967.  Therein ends the simplicity.  Finance means something different...

Why finance is boring and money exciting!

The fundamentals of investing are confusing to most New Zealanders.  It’s why poachers and gamekeepers are proliferating because the baby boomers are heading into retirement, the accumulators are pouring money into KiwiSaver and cheap credit is fuelling property, prices and mortgage escalation.  The retail funds management industry...