Fonterra continues to keep us guessing with the payout. The recent auction volatility indicates that there may be a cut to the predicted milk payout with most trading banks signalling a reduction in their expectations. This could lead to reduced incomes (again) and therefore review of provisional tax instalments will be necessary in the New Year.
This week I am road tripping to Dunedin to attend my daughter Georgia’s graduation, a celebration of all her hard work. Hopefully my investment pays dividends??
Call in to sample my Christmas cake – makes other fruit cakes look like a sponge !!!