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Returns being overestimated: Sheather
Thursday 4th of December 2014
Brent Sheather, of Private Asset Management, said too many New Zealand financial advisers were relying on historic returns when discussing how portfolios might be expected to fare in future.
That could have a negative effect on clients as they tried to work out how much they would need to save for their retirements, he said.
“If you overestimate returns, they won’t save enough and...
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