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From the moment we wake up, we make small adjustments to our routines to leave space for the little uncertainties that we encounter every day.

Some days, we may decide to wake up a bit earlier because of how erratic bus schedules can be during the morning rush. On others, we may choose to sleep in and just skip breakfast instead. Over time, adjusting to these uncertainties becomes second nature to us. We gradually learn to adapt, become more efficient, and even improve upon our routines.

Enter the recent victory of Donald Trump. Throughout his campaign, the majority of the general public treated his whole journey like a joke. With his outrageous proposals and his constant flip-flopping between different policies, it was easy for them to dismiss him as a mere source of entertainment rather than a legitimate candidate for the US presidency. But then, as time passed and the election day drew nearer and nearer, one of the biggest uncertainties that the world could potentially undergo gradually began to take shape. And, right before our eyes, the unexpected happened: Donald Trump won.

His campaign is not without its critics, and while they may have a lot to say about his colourful comments and questionable policies, at the core of this exchange lies an emotion we are all familiar with: uncertainty.

Historically, uncertainty has been the cause of several unpleasant economic events such recessions, tighter immigration laws, stricter bank policies. And, with the largely unexpected victory of Donald Trump, it's easy to understand the concerns economists have when it comes to the degree of uncertainty the president-elect would bring to the table.

To add to this, Kiwis were also caught off guard by the recent quakes as well as John Key’s recent announcement regarding his resignation as New Zealand’s Prime Minister.  With all of these events happening in such a short amount time, we must prepare ourselves for the potential economic impact this could cause.

Redundancy Cover

If you have any concerns about an economic downturn and how this would affect your employment, consider having a look at redundancy cover. Here’s what you can do:

  1. If you currently have income protection, speak to your provider or adviser if it is possible to add redundancy cover as part of your programme
  2. Speak to an adviser for a full risk review (this will encompass a comprehensive needs analysis regarding yourself and options will be provided to you)
  3. Go online and get Instant Insurance’s Redundancy Cover package - 100% online and no complicated forms!

For options 2 and 3, just press the button below. An adviser will call you to either assist with online completion (no forms) or full advice (with forms.)

Get Insurance

Home Loan and Investment Loan Rates Increasing

If you have a home or investment loan, which is usually the largest expense one can have, you need to be aware that the rates are starting to rise (up to 0.50% in recent weeks.)

On the other hand, if you are concerned about the rising repayments of your loans, you may need to consider fixing a variable loan or reviewing the fixed rates you have.

For both cases, we highly recommend that you speak to an adviser.

Savings Buffer

This is something everyone should have no matter what type of economy we are in. An emergency fund usual consists of 3 months’ worth of income set aside as savings (or at least access to that level of funds.