Brian Edwards Media

Posts Tagged 'Finance Companies'

Why you should trust Brian’s Bountiful Bonds. (With Money-Back Guarantee and Free Advice for other TV personalities!)

Another 'Brian's Bountiful Bonds' winner!

Perhaps the most important precept in consumer affairs is ‘caveat emptor’ – let the buyer beware. I would have thought this applied as much to investing one’s life savings in a finance company offering above average returns as to buying a flat screen TV or washing machine from a discount store. More really, since in the first case we’re talking about hundreds of thousands of dollars while, in the second, maybe a few hundred bucks will be at stake and the product will be covered by the Consumer Guarantees Act anyway.

In the first instance, therefore, a sensible investor might be wise to get some advice from someone in the finance advisory sector, though preferably not from an advisor employed by the same bank that has a controlling stake in the finance company flogging the product. That advisor just might not be entirely objective… or honest.

On the other hand, an investor  might take the advice of Richard Long, a former television newsreader, on what to do with their retirement funds, or former sports broadcaster, Keith Quinn, on preparing for his or her own eventual demise, or former cricket captain, Stephen Fleming, on how to best warm or cool their home, or (if they prefer fencing paddocks to news-reading) former All Black, Colin Meads, on what to do with their retirement funds, or funny man Mike King on where to buy… well…  just about anything.

In every case that would be a pretty stupid thing to do, since Richard has no expertise in investing for retirement, Keith, despite appearances, is not  dead, Stephen probably couldn’t wire a fuse, Colin,  well, just  listen to the man, and Mike King tells jokes for a living, which really ought to be a warning in itself.   Read the rest of this entry »

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Reflections On Not Caring In Hawaii

Sunday Star Times

Sunday Star Times

I seem to recall reading somewhere that ethicists recognise five levels of moral development in human beings, from absolute selfishness, lack of conscience and indifference to the welfare of others at Level 1, to pure altruism, a highly developed moral sense and deep concern for the wellbeing and happiness of others at Level 5.

I suspect that most of us hover between Levels 3 and 4. We’re reasonably honest and caring, but if it comes to them or us, we’ll probably put ourselves or our families first. Few of us are saints and few of us are monsters.

We may also exhibit different levels of moral development in different areas of our life, what you might call the ‘Hitler was fond of animals’ syndrome. It’s the phenomenon that allows us to rip off the insurance company or cheat on our taxes, but be horrified at the idea of stealing money from a blind beggar’s cup. We distinguish between doing close-up personal harm and long-distance impersonal harm, between child abuse and dropping a bomb on Hiroshima.

My mind was drawn to this concept of people being at different levels of moral development when I read the front page story in this morning’s Sunday Star Times headed Inside Hotchin’s Hawaiian Hideaway. Just above the headline was a photograph of Mark Hotchin’s wife Amanda with the quote: ‘We don’t have to justify where we get our money or what it’s spent on, to anyone. I don’t care what anyone says.’  Read the rest of this entry »

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