Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Assessing the strengths and weaknesses of fin-cos


Assessing the strengths and weaknesses of finance companies

New feature available from http://www.interest.co.nz

When you invest in term deposits, you want to earn the best return possible, without taking unnecessary risk.

But assessing risk is the hard part.

A new resource is now available to every investor. You can do-it-yourself with a few easy clicks, free on the internet.

http://www.interest.co.nz has released a unique feature that makes it very easy to look at, or print out, a key profile of a bank or finance company’s latest financial statements.

And, this same feature analyses those financial statements into a series of Assessments.

These Assessments provide a snapshot look at six key aspects - Profitability, Growth, Strength, Quality, Efficiency, and Exposure.

These snapshots look at the last three completed financial years, giving the reader an excellent view of the company’s recent track record.

An additional and valuable feature allows you to compare the latest profile of up to three different institutions, all on the same page.

Using credit ratings is a good strategy to assess risk, but many term deposits, secured debentures, and unsecured offerings do not have a credit rating. Then there is the problem of making sense of the various credit rating codes. What do they mean, and how do you apply them to your situation?

Each financial institution (banks and finance companies) is required to give the investor an Investment Statement, and each institution will make its financial statements available if you ask. And, of course, those financial statements are posted on the Companies Office website.

There are plenty of sources and resources available to the investor. But accessing them, and making sense of them, is not easy. It is both time-consuming, and technical.

Investing in the services of a qualified professional adviser is the good idea also. They have access to expensive technical analysis, and can provide professional advice based on your appetite for risk.

Complementing these resources, interest.co.nz provides a free service where any investor can do some important pre-qualification before contacting a short-list of financial institutions. This new resource is not a substitute for a full analysis before investing – but it is a very easy way to pre-qualify financial institutions, and to target aspects of their financial strengths that you think are important.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news