News

Gearing up for a risky shot at riches: Mary Holm

Thursday 28th of November 2002
All of this has been achieved through borrowing from the bank. In nine years, borrowing has enabled me to move from a $230,000 house to a $3 million house

A: In many cases, you're quite right. But it's also how many formerly rich people got poor. Leveraging - which many New Zealanders call gearing - isn't the key to doing well financially. Finding the right investment is.
Gearing makes a good investment better. It makes a bad investment worse. And I hate to say it, but your history illustrates this rather well...
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