House Prices

How to claw back returns

If there is one thing that haunts stockbrokers' dreams above all else, even more perhaps than an insider trading investigation, it is a prolonged bear market where share prices fall month after month after month.

Monday, August 16th 2004

Such an environment is depressing not only for the psyche but for the general process of intermediating financial markets.

For one thing, stockbrokers and financial planners are perennially optimistic.

People who sell equities are generally remunerated in three ways: from a fee on the sale of some sort of equity-based security, promoting share floats or an ongoing fee to manage a portfolio.

A bear market makes the execution of any one of these processes much more difficult. Mum and Dad, after hearing the news that stock prices have fallen, decide to leave the money safely in the bank.

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SBS FirstHome Combo 6.74
Heartland Bank - Online 6.89
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.55
SBS Bank Special 6.69
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
ASB Bank 6.75
Unity 6.79
Co-operative Bank - Owner Occ 6.79
SBS Bank Special 6.19
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
SBS Bank 6.79
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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