Long Term Investment Returns

An interesting article appeared in the weekend Herald this weekend.

http://www.nzherald.co.nz/personal-investment/news/article.cfm?c_id=71&objectid=10631651&pnum=0

It discusses long term investment returns from 1900 to 2009 as provided by the Global Investment Returns Yearbook (GIRY).

For anyone interested in the returns from various investment types its a good read and highlights New Zealands inflation over the period at 3.7%.

In other news, ASB has cut their 18 month, 2 year, and 3 year fixed home loan interest rates.  They are now 6.70%, 7.10% and 7.70% respectively.