{"id":182571,"date":"2025-12-13T23:37:07","date_gmt":"2025-12-13T23:37:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/182571\/"},"modified":"2025-12-13T23:37:07","modified_gmt":"2025-12-13T23:37:07","slug":"retiree-suffers-losses-after-borrowing-to-invest","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/182571\/","title":{"rendered":"Retiree suffers losses after borrowing to invest"},"content":{"rendered":"<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">You should always think twice before borrowing to invest because this increases the risk of losses, as a retiree who took out huge loans to buy $2 million worth of insurance products found out.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The 67-year-old man thought he had chanced upon a good investment plan that could pay for his monthly expenses because his bank\u2019s manager told him he could borrow to pay for 70 per cent of the single-premium policy. So he paid $300,000 and was given a loan of over $700,000 to pay for the million-dollar plan. <\/p>\n<p>InvestInsuranceInvestmentCPFFinancial literacy<\/p>\n","protected":false},"excerpt":{"rendered":"You should always think twice before borrowing to invest because this increases the risk of losses, as a&hellip;\n","protected":false},"author":2,"featured_media":182572,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[138,246,111,139,69,244,245],"class_list":{"0":"post-182571","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz","13":"tag-personal-finance","14":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/182571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=182571"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/182571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/182572"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=182571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=182571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=182571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}