Hi,
My Mother has some money tied up shares (some sort of managed fund) It has lost around $3-4k in the last year. She's asking me if she would be better taking it out and doing something else with.
She does still have a mortgage, so Im tempted to advise her to put her money towards that. The only thing is that, once she's paid it back to the bank its gone, and she may need some emergency money one day. Shes in her 60s. Even if she does pay this money toward her mortgage , it still won't pay it off.
Does anyone think that the NZ share market will pick up in the next year or two? Im not that hopfeul it will!
My Mother has some money tied up shares (some sort of managed fund) It has lost around $3-4k in the last year. She's asking me if she would be better taking it out and doing something else with.
She does still have a mortgage, so Im tempted to advise her to put her money towards that. The only thing is that, once she's paid it back to the bank its gone, and she may need some emergency money one day. Shes in her 60s. Even if she does pay this money toward her mortgage , it still won't pay it off.
Does anyone think that the NZ share market will pick up in the next year or two? Im not that hopfeul it will!
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