Wealthy investors pulling money out of South Canterbury Finance (SCF) to get below new limits for the Government's deposit guarantee scheme appear to have compounded the woes of the Timaru-based finance company.
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MARKETS-AUSTRALIA-NEWZEALAND-FOREX/BONDS (UPDATE2):Aussie, NZ$ wait for US jobs to make or break rally
Wealthy investors pulling money out of South Canterbury Finance (SCF) to get below new limits for the Government's deposit guarantee scheme appear to have compounded the woes of the Timaru-based finance company.
The power of compounding is possibly the most understated concept when investing.
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