Vamoschile Gold.

Gold Coin Money Clip

Fixed income is fantastic for lots of things, but 'income growth' isn't one of them. Fixed income is unbeatable if you are looking for security of income and capital. It is also does an excellent job of providing a portfolio with a buffer against volatility. But, fixed income is not the place to be if you are looking for 'income growth'.

The income stream from fixed income depends on changes in interest rates, and as we know these move up and down in cycles. They do not continually rise over time.

Consider an investor who retired in 1985 with $100,000 and invested it all in 6-month deposits. At this time they could have earned a hefty 17.8% (source: RBNZ) on this money, giving them a pretty good annual income of $17,800 before tax. Assuming they spent all this income and weren't able to add anything to their capital, where would they be today?

According to the RBNZ again, the 6-month deposit rate is currently 4.4%. Thus, our investors would today be earning only $4,400 from their portfolio. That represents a 75% drop in income.

As if that's not bad enough, we haven't yet factored in the impact of inflation. Accumulated inflation in New Zealand since 1985 has been 153%. Thus, the $4,400 they would now be earning would have the spending power of only $1,760. Put another way, their $100,000 would be worth $40,000 in today's terms.

Nevertheless, many investors continue to have all of their savings in fixed income. Unless they are in a position to be able to compound a good proportion of their interest, or for some reason are exempt from tax, this is a dangerous strategy. It may feel safe, but it isn't.

Equities provide returns in two ways, capital growth and dividends. Capital growth comes from a rising share price, while dividends are an income stream that is paid by the company to shareholders out of profits.

Good companies endeavour to not only pay a solid dividend but also increase this dividend over time. By providing this growing income stream, companies provide an excellent defence against inflation. The dividend growth achieved by US shares since 1964 illustrates this. Not only have dividends increased in absolute terms, but, importantly, the rate of growth in these dividends has also outpaced inflation.

At the end of 1964, America's S&P 500 Index stood at 83.96. The dividend yield at this time was a reasonable 2.98% (calculated by dividing the total dividends of 2.50 by 83.96). Today the S&P generates a dividend of 21.91, which means that anyone who invested into the index way back in 1964 would today be earning a dividend yield of 26.1% on their initial investment (21.91 divided by 83.96). Importantly, dividends have grown at a faster clip than inflation.

Over this 40-year period, the dividends from the S&P 500 grew at 4.8% per annum while inflation rose by 4.3% per annum.

In this example, this investor has not only enjoyed a 9-fold increase in their income stream, but their capital has increased markedly as well. The S&P 500 today sits at 1,120. So, despite the crash of the blue chips in the late 1960s, an oil crisis in the 1970s, the 1987 crash, the tech bust of 2000 and the global financial crisis of 2008, this investor has seen their capital increase by 13 times since 1965.

This highlights another powerful benefit of income growth - it drives capital growth. Where you find one you will undoubtedly find the other.

As shown by the example above, simply investing in an index fund should deliver you solid income growth over the long term. The S&P 500 ETF (SPY) will deliver dividend growth that is very similar to the underlying index.

However, many companies have provided much higher levels of dividend growth than the market averages. Port of Tauranga (POT) has grown its dividend by an incredible 20%pa since 1995. Some of the leading American companies have provided their shareholders with continuous dividend growth over many decades. Some examples include Procter & Gamble, which has grown its dividend every year for 53 years.

Beyond direct investments, a number of investment trusts also have excellent dividend growth track records. Bankers Investment Trust (BNKR) has grown its dividend every year for 42 years. There are many examples beyond those few sited in this note, of both domestic and global companies, and investment trusts that offer good dividend growth.

The 'perfect' dividend-growth stock would have a track record of dividend growth, a clearly articulated dividend policy, a reasonable yield, a lower payout ratio (so that the dividend is nicely covered and the company is reinvesting profits to generate further growth), a strong balance sheet to provide comfort that the company can handle tough times, a good level of profitability (look for a decent return on equity and improving margins) and potential for earnings growth.

Cam Watson is the Chief Investment Officer for ABN AMRO Craigs, which is one of New Zealand's largest independent investment firms.

He has over 18 years experience in the financial services industry. For eleven years Cam has been employed with ABN AMRO Craigs, becoming Chief Investment Officer in 2007.

Previously he has held Business Development, Investment Management, and Client Services roles at Tower, Southpac, Prudential and Tower Trust Services. This experience in a range of senior roles for major companies has given Cam a wealth of knowledge to draw upon and made him one of New Zealand's trusted investment experts.

Cam holds a Bachelor of Arts Degree and a New Zealand Stock Exchange (NZX) Diploma. He has been a member of the NZX since 2001 and has a current Sharebroker Licence. As with all ABN Amro Craigs Investment Advisors, Cam is required to maintain continuous internal performance modules, covering topics such as industry and regulatory developments. He also has the support and resources of ABN AMRO Craigs global research network.

Talk to us today about Fixed Income Portfolio Management.

14k Yellow Gold Valiant American Eagle Coin Money Clip $1775 An American Eagle Coin is handsomely carved on this money clip of yellow gold. Be patriotic with this 14k Yellow Gold Valiant American Eagle Coin Money Clip.

14k Yellow Gold Carved American Eagle Coin Money Clip $2100 Since 1986, American Eagle Gold Coi have been handsomely carved with the famous Walking Liberty design. Enjoy the handsome and popular style of this 14k Yellow Gold Carved American Eagle Coin Money Clip.

Israel Lirah Menorah Coin Hinged Money Clip $61.86 The coin is the size of a U.S. quarter. This real coin is first layered in pure bright silver. Then, by hand, the figure is highlighted and brought to life with rich, pure 24KT gold. This breathtaking work, done exclusively by J & J Jewelers, turns the coin into a stunning and true work of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating, mounted in a patented hinged clip and in a jewelry box. Please Note: The gold and silver is much brighter and distinct than what the photograph shows.

Mexican 10 Centavo Eagle Two Tone Coin Hinge Money Clip $66.62 Each one of these coins are first layered in pure bright silver. Then the figures of each are highlighted and brought to life with rich pure 24KT gold and silver. This breathtaking and exclusive work turns these coins into stunning and true works of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating. The coin is mounted onto a patented hinged type clip that will hold just one bill or a number of bills and includes a jewelry box. The total size of the money clip is 1" x 2". The coin is the size of a U.S. quarter.

Polish 5 Zlotych Eagle Two Tone Coin Hinge Money Clip $58.95 Each one of these coins are first layered in pure bright silver. Then the figures of each are highlighted and brought to life with rich pure 24KT gold and silver. This breathtaking and exclusive work turns these coins into stunning and true works of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating. The coin is mounted onto a patented hinged type clip that will hold just one bill or a number of bills and includes a jewelry box. The total size of the money clip is 1" x 2". The coin is the size of a U.S. quarter.

German 1 Mark Eagle Two Tone Coin Hinge Money Clip $63.76 Each one of these coins are first layered in pure bright silver. Then the figures of each are highlighted and brought to life with rich pure 24KT gold and silver. This breathtaking and exclusive work turns these coins into stunning and true works of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating. The coin is mounted onto a patented hinged type clip that will hold just one bill or a number of bills and includes a jewelry box. The total size of the money clip is 1" x 2". The coin is the size of a U.S. quarter.

Irish Penny Chicken and Chicks Two Tone Coin Spring Money Clip $95.19 Each one of these coins is first layered in pure bright silver. Then the figures of each are highlighted and brought to life with rich pure 24KT gold and pure silver. This breathtaking and exclusive work turns these coin into stunning and true works of art. Each coin is hermetically sealed against wear in clear, hard acrylic coating. The coin is mounted onto a patented spring loaded 1 1/4" x 1 7/8" money clip that will hold just one bill or a number of bills. The coin is the size of a U.S. half dollar.

Irish Penny Harp Two Tone Coin Spring Money Clip $90.43 Each one of these coins is first layered in pure bright silver. Then the figures of each are highlighted and brought to life with rich pure 24KT gold and pure silver. This breathtaking and exclusive work turns these coin into stunning and true works of art. Each coin is hermetically sealed against wear in clear, hard acrylic coating. The coin is mounted onto a patented spring loaded 1 1/4" x 1 7/8" money clip that will hold just one bill or a number of bills. The coin is the size of a U.S. half dollar.

Israel 10 Agorot Menorah Two Toned Coin Hinged Money Clip $57.1 This coin is in new brilliant, uncirculated mint condition and is first layered in pure bright silver. Then, by hand, the figure is highlighted and brought to life with rich, pure 24KT gold. This breathtaking and exclusive work turns the obverse of each gleaming commemorative coin into a stunning and true work of art. Each coin is hermetically sealed against wear in clear, hard acrylic coating. It is mounted in a hinge type money clip and placed in a jewelry box.

Irish Penny Chicken with Chicks Two Tone Coin Hinge Money Clip $70.43 Each one of these coins are first layered in pure bright silver. Then the figures of each are highlighted and brought to life with rich pure 24KT gold and silver. This breathtaking and exclusive work turns these coins into stunning and true works of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating. The coin is mounted onto a patented hinged type clip that will hold just one bill or a number of bills and includes a jewelry box. The total size of the money clip is 1 3/8" x 2". The coin is the size of a U.S. half dollar.

Singapore 50 Cent Lionfish Two Tone Coin Hinge Money Clip $95.19 Each one of these coins are first layered in pure bright silver. Then the figures of each are highlighted and brought to life with rich pure 24KT gold and silver. This breathtaking and exclusive work turns these coins into stunning and true works of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating. The coin is mounted onto a patented hinged type clip that will hold just one bill or a number of bills and includes a jewelry box. The total size of the money clip is 1 1/16" x 2". The coin is a little smaller than the size of a U.S. half dollar.

Seychelles 1 Rupee Conch Two Tone Coin Hinge Money Clip $57.1 Each one of these coins are first layered in pure bright silver. Then the figures of each are highlighted and brought to life with rich pure 24KT gold and silver. This breathtaking and exclusive work turns these coins into stunning and true works of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating. The coin is mounted onto a patented hinged type clip that will hold just one bill or a number of bills and includes a jewelry box. The total size of the money clip is 1 1/4" x 2". The coin is a little smaller than the size of a U.S. half dollar.

Irish Penny Harp Two Tone Coin Hinge Money Clip $66.62 Each one of these coins are first layered in pure bright silver. Then the figures of each are highlighted and brought to life with rich pure 24KT gold and silver. This breathtaking and exclusive work turns these coins into stunning and true works of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating. The coin is mounted onto a patented hinged type clip that will hold just one bill or a number of bills and includes a jewelry box. The total size of the money clip is 1 3/8" x 2". The coin is the size of a U.S. half dollar.

Irish Half Penny Harp Two Tone Coin Hinge Money Clip $63.76 Each one of these coins are first layered in pure bright silver. Then the figures of each are highlighted and brought to life with rich pure 24KT gold and silver. This breathtaking and exclusive work turns these coins into stunning and true works of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating. The coin is mounted onto a patented hinged type clip that will hold just one bill or a number of bills and includes a jewelry box. The total size of the money clip is 1 1/8" x 2". The coin is the size of a U.S. quarter.

Canadian Nickel “Beaver� Two Toned Coin Hinged Money Clip $47.57 This real coin from Canada is first layered in pure bright silver. Then, by hand, the figure is highlighted and brought to life with rich, pure 24K gold. This breathtaking and exclusive work turns the coin into a stunning and true work of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating and comes in a jewelry box. The coin comes mounted in a patented hinge type clip that will hold just one bill or a number of bills. Please Note: The gold and silver is much brighter and distinct than what the photograph shows.

Tuvalu 20 Cent Flying Fish Coin Hinged Money Clip $61.86 The coin is a little smaller than a U.S. Silver dollar. This real coin is first layered in pure bright silver. Then, by hand, the figure is highlighted and brought to life with rich, pure 24KT gold. This breathtaking work, done exclusively by J & J Jewelers, turns the coin into a stunning and true work of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating, mounted in a patented hinged clip and in a jewelry box. Please Note: The gold and silver is much brighter and distinct than what the photograph shows.

Singapore 50 Cent Lionfish Coin Hinged Money Clip $78.95 The coin is a little smaller than a U.S. Silver dollar. This real coin is first layered in pure bright silver. Then, by hand, the figure is highlighted and brought to life with rich, pure 24KT gold. This breathtaking work, done exclusively by J & J Jewelers, turns the coin into a stunning and true work of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating, mounted in a patented hinged clip and in a jewelry box. Please Note: The gold and silver is much brighter and distinct than what the photograph shows.

Gold Plated Hinged Money Clip (Dime Size) $18.95 Patented gold plated hinge type money clip that will hold just one bill or a number of bills. (Now that last bill won't slip away!). Simply glue or solder in your favorite coin for a unique and beautiful way to display it. Fits any coin the size of a U.S. dime.

Gold Plated Hinged Money Clip (Quarter Size) $18.95 Patented gold plated hinge type money clip that will hold just one bill or a number of bills. (Now that last bill won't slip away!). Simply glue or solder in your favorite coin for a unique and beautiful way to display it. Fits any coin the size of a U.S. quarter.

Gold Plated Hinged Money Clip (Penny Size) $18.95 Patented gold plated hinge type money clip that will hold just one bill or a number of bills. (Now that last bill won't slip away!). Simply glue or solder in your favorite coin for a unique and beautiful way to display it. Fits any coin the size of a U.S. penny.

Gold Plated Hinged Money Clip (Nickel Size) $18.95 Patented gold plated hinge type money clip that will hold just one bill or a number of bills. (Now that last bill won't slip away!). Simply glue or solder in your favorite coin for a unique and beautiful way to display it. Fits any coin the size of a U.S. nickel.

American Coin Treasures Silver Walking Liberty Half Dollar Money Clip $122.64 This exquisite silvertone money clip includes a genuine Silver Walking Liberty Half Dollar layered in pure gold. This coin was minted between 1916 through 1947.Silvertone money clip Silver Walking Liberty Half Dollar Certificate of authenticity includedDimensions: 2.25 inches wide x 1.25 inches high x 0.375 inches deep

Tanzania 5 Sentia Swordfish Two Toned Coin Hinged Money Clip $47.57 This real coin from Tanzania, a little smaller than a U.S. quarter, is first layered in pure bright silver. Then, by hand, the figure is highlighted and brought to life with rich, pure 24K gold. This breathtaking and exclusive work turns the coin into a stunning and true work of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating and comes in a jewelry box. The coin comes mounted in a patented hinge type clip that will hold just one bill or a number of bills. Please Note: The gold and silver is much brighter and distinct than what the photograph shows.

Barbados 5 Cent Lighthouse Two Toned Coin Hinged Money Clip $60.9 This real coin from Barbados, a little smaller than a U.S. nickel, is first layered in pure bright silver. Then, by hand, the figure is highlighted and brought to life with rich, pure 24K gold. This breathtaking and exclusive work turns the coin into a stunning and true work of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating and comes in a jewelry box. The coin comes mounted in a patented hinge type clip that will hold just one bill or a number of bills. Please Note: The gold and silver is much brighter and distinct than what the photograph shows.

Irish Florin “Salmon� Two Toned Coin Hinged Money Clip $49.48 This real coin from Ireland, which is a little smaller than a U.S. half dollar, is first layered in pure bright silver. Then, by hand, the figure is highlighted and brought to life with rich, pure 24K gold. This breathtaking and exclusive work turns the coin into a stunning and true work of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating and comes in a jewelry box. The coin comes mounted in a patented hinge type clip that will hold just one bill or a number of bills. Please Note: The gold and silver is much brighter and distinct than what the photograph shows.

Guernsey Penny “Crab� Two Toned Coin Hinged Money Clip $53.29 This real coin from the British island of Guernsey, the size of a U.S. nickel, is first layered in pure bright silver. Then, by hand, the figure is highlighted and brought to life with rich, pure 24K gold. This breathtaking and exclusive work turns the coin into a stunning and true work of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating and comes in a jewelry box. The coin comes mounted in a patented hinge type clip that will hold just one bill or a number of bills. Please Note: The gold and silver is much brighter and distinct than what the photograph shows.

Irish Penny “Harp� Two Toned Coin Hinged Money Clip $59.95 This real coin from Ireland, the size of a U.S. half dollar, is first layered in pure bright silver. Then, by hand, the figure is highlighted and brought to life with rich, pure 24K gold. This breathtaking and exclusive work turns the coin into a stunning and true work of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating and comes in a jewelry box. The coin comes mounted in a patented hinge type clip that will hold just one bill or a number of bills. Please Note: The gold and silver is much brighter and distinct than what the photograph shows.

American Coin Treasures $20 St. Gaudens' Gold Piece Replica Gold Tone Coin Money Clip $55.07 Designed by Augustus Saint-Gaudens, the double eagle gold piece was minted between 1907 and 1933. Made a rare coin, when FDR gave the order to melt or return all gold coins to the United States Treasury. Keep your currency together by using this $20 St. Gardens' Gold Piece Replica Moneyclip. The replica gold-layered coin is surrounded by a rope bezel on a goldtone moneyclip. Does not include currency.

American Coin Treasures Brass Train Stamp Money Clip $62.06 Turn heads with this distinctive money clip. This gold-plated money clip is accented with a 3 cent US stamp.Stamp was issued in 1944 to honor the 75th anniversary of the Transcontinental RailroadMoney clip makes a great gift for train enthusiastsStamp has been carefully sealed to maintain its mint condition

German 5 Mark Silver Coin Eagle Two Tone Gold on Silver World Coin Hinged Money Clip $88.52 This coin is a little smaller than a U.S. half dollar. Total clip size is 1-1/8" x 2". Each one of these real coins from around the world is first layered in pure bright silver. Then, by hand, the figures of each are highlighted and brought to life with rich, pure 24KT gold. This breathtaking work, done exclusively by J & J Jewelers, turns these coins into stunning and true works of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating. It comes mounted on a patented hinge type clip that will securely hold a single bill or a number of bills - Now that last bill won't slip away! - and in a nice jewelry box.Please Note: The gold and silver is much brighter and distinct than what the photograph shows.

Buffalo Nickel (2005) Two Tone Coin Hinged Money Clip $45.67 This new coin is modeled after a five cent coin in circulation from 1913 to 1938 and recognizes the American Indians and the wildlife encountered during the famed Lewis and Clark expedition to explore the west. It is the first complete change for the U.S. nickel in 67 years. Gorgeous two tone gold on silver U.S. buffalo nickel.Each one of these new U.S. coins is first layered in pure bright silver. Then, by hand, the figures of each are highlighted and brought to life with rich, pure 24kt gold. This breathtaking work, done exclusively by J & J Jewelers, turns these coins into stunning and true works of art. Each coin is hermetically sealed against wear in clear, hard acrylic coating and comes in a jewelry box. The coin comes mounted on a patented hinge type clip that will securely hold a single bill or a number of bills - now that last bill won't slip away! The total clip size is 1" x 2".Please Note: The gold and silver is much brighter and distinct than what the photograph shows.

Kennedy Half Dollar (Eagle, Banner Stars in Gold) Two Tone U.S. Coin Spring Loaded Money Clip $90.43 This real U.S. coin is first layered in pure bright silver. Then, by hand, the figure is highlighted and brought to life with rich, pure 24K gold. This breathtaking and exclusive work turns the coin into a stunning and true work of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating. It is mounted in a patented spring loaded clip and packaged in a jewelry box.Please Note: The gold and silver is much brighter and distinct than what the photograph shows.

Kennedy Half Dollar (Eagle, Banner and Stars in Gold) Two Tone U.S. Coin Hinged Money Clip $76.14 This real U.S. coin is first layered in pure bright silver. Then, by hand, the figure is highlighted and brought to life with rich, pure 24K gold. This breathtaking and exclusive work turns the coin into a stunning and true work of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating. It is then mounted in a patented hinged clip and placed in a jewelry box.Please Note: The gold and silver is much brighter and distinct than what the photograph shows.

Bermuda 5 Cent Angel Fish Two Tone Coin Hinge Money Clip $53.29 Each one of these coins are first layered in pure bright silver. Then the figures of each are highlighted and brought to life with rich pure 24KT gold and silver. This breathtaking and exclusive work turns these coins into stunning and true works of art. Each coin is hermetically sealed against wear in a clear, hard acrylic coating. The coin is mounted onto a patented hinged type clip that will hold just one bill or a number of bills and includes a jewelry box. The total size of the money clip is 1" x 2". The coin is the size of a U.S. nickel.