Thinking about finance companies
One of the hot topics of the moment is finance companies - and how bad they are supposed to be. But let's get one thing straight here - not all finance companies are bad.
We are currently researching a story on fixed interest investing and it's good to get other views of what is happening in the market. Our goal is to provide something that is informative and balanced.
You could quite easily though, get the impression that finance companies and their secured debenture products are not a safe place to put your (or your clients') money. Such a myth is perpetuated by the likes of the ASB Bank and its recent survey.
The problem I have with the ASB research is that it looks like sour grapes. It's a competitor having a crack at another competitor.
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