Wednesday 15 March 2017

Pie Funds auditorium, Level 1, 1 Byron Ave, Takapuna, Auckland

 

The event celebrated the end of another year of JUNO, and was attended by more than 50 people, at CBRE’s Library 27 sales office in central Auckland.

CBRE National Director of Residential Products Gavin Lloyd said New Zealand is ticking all the boxes for immigrants, being voted one of the best places to live, and one of the best places for capital growth. This is fuelling high demand for housing.

These factors mean the current positive climate for property is likely to continue, though for the first time in a long while there are suggestions that the market is cooling. The government’s new LVR rules are having the desired effect and discouraging investors from buying, he said. However, these rules apply only to existing houses, not new builds.

As for the financial markets, investment portfolio manager at Pie Funds Chris Bainbridge said they had shown incredible resilience to the hurdles of 2016, Brexit and the US election result. The outlook for 2017 was for rising inflation worldwide, which will affect the bond markets and the yield frenzy in many local New Zealand stocks. 

European instability, with recent political upheaval in Italy and more predicted for France over its election period, suggested there will be more volatility in 2017.

Art investor and award-winning architect Ron Sang spoke about art collecting and how he used any spare money to buy art he loved – until his house was bursting at the seams. When he finally sold part of his collection, some art pieces had increased in value by ten times. 

While waiting for his investments to increase in value, he said he would much prefer to look at a beautiful painting than a share certificate.

 

SPEAKERS

  Mike Taylor – MC   Mike is the Founder, CEO and CIO of investment company Pie Funds. He is the portfolio manager for Pie Growth and Pie Global Funds, and the joint portfolio manager for the Dividend Fund.

Mike Taylor – MC

Mike is the Founder, CEO and CIO of investment company Pie Funds. He is the portfolio manager for Pie Growth and Pie Global Funds, and the joint portfolio manager for the Dividend Fund.

  David Boyle    David is the Group Manager – Education & Retirement Villages at the Commission for Financial Capability. With more than 32 years of experience in the financial services industry, he brings a wealth of experience to the commission.

David Boyle

David is the Group Manager – Education & Retirement Villages at the Commission for Financial Capability. With more than 32 years of experience in the financial services industry, he brings a wealth of experience to the commission.

  Sheldon Slabbert   Sheldon is a Sales Trader at CMC Markets. He has over 15 years’ experience in financial markets working predominantly on foreign exchange desks with retail and corporate clients with an emphasis on market mechanics for traders across all asset classes.

Sheldon Slabbert

Sheldon is a Sales Trader at CMC Markets. He has over 15 years’ experience in financial markets working predominantly on foreign exchange desks with retail and corporate clients with an emphasis on market mechanics for traders across all asset classes.

  Ron Hoy Fong   Ron is a property investor who owns 31 investment properties. He also coaches others on how to buy, renovate and hold properties as an investment strategy, through his company Ronovationz.

Ron Hoy Fong

Ron is a property investor who owns 31 investment properties. He also coaches others on how to buy, renovate and hold properties as an investment strategy, through his company Ronovationz.