Hello, financial enthusiasts! 🚀☕️

We're thrilled to bring you the latest episode of Caffeine and Coins with Cristina. Dive into a world of insightful financial wisdom, market updates, and essential tips tailored for both the savvy investor and the curious newcomer. This episode is packed with the juicy insights you've been waiting for!

2023 Recap: Despite challenges like high inflation and rising interest rates, the NZX 50 pulled through with a modest gain of 2.6%, marking a victory against the odds. Our Pro Stock Picks team shone bright, securing a silver medal with a 1.8% return by focusing on quality companies with robust earnings and reliable dividends.

2023 Stock Performance Overview:

• Chorus: +1.7%
• EBOS Group: -16.8%
• Meridian Energy: +9.4%
• Spark: +1.1%
• Tourism Holdings: +15.8%

A mixed outcome, indeed, but a testament to our strategic picks and the resilience of these companies.

Introducing Our 2024 Top Picks:

1. Contact Energy - Essential services provider with a solid track record.
2. Summerset - Leading the retirement living sector with innovative solutions.
3. Sky Network Television - Making a strong comeback with strategic moves.
4. CSL Limited - A healthcare giant poised for significant growth.
5. Amazon - The global powerhouse needs no introduction.

These companies represent a blend of stability, growth potential, and industry leadership. They're our top choices for navigating the complex market landscape of 2024.

Disclaimer: The information shared in this episode and blog post is not financial advice but a collection of thoughts and analyses based on data from the New Zealand Herald and our insights. Always conduct your research and consult with financial professionals before making investment decisions.

Stay Connected: Don't miss out on future insights and updates. Follow us on Facebook to join our growing community of informed investors.

Source: Craig's Investment Partners
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​At present residential investment property owners can claim interest on loans related to the property as a claimed expense. Thereby reducing the amount of tax needed to be paid.

​While the government is still in consultation on the precise details of the proposed change, what we do know from 1st October 2021 the proposal is set to restrict and eventually, overtime, remove the interest deductions on residential property income. 

If so and it was brought on or after March 27th 2021, you may be subject to the newly proposed extended Bright-Line test.

​Anyone who sells a residential investment property within 10 years of being purchased may have to pay income tax on any financial gain from the sale. This income is classed as personal income and would be taxed as per the marginal tax rate.

​This also applies to NZ tax residents who buy overseas residential properties.