Market & Portfolio Update - April 2021
Global share markets continued their march higher during April, rising 4% in local currency terms. Economic data has brushed off the horrid Covid situation in India and continues to surprise to the upside. Labour markets are rebounding quickly compared to other cycles and business confidence surveys sit comfortably in expansionary mode.
One theme that continues to be front of mind for investors is rising inflation around the world. Covid-19 has disrupted the global supply chain, initially causing things to grind to a halt before quickly needing to ramp back up to levels higher than pre-covid. This “whip” type effect, along with the large-scale stimulus, has resulted in inflation rates rising. We began adjusting our investments for this in the second half of 2020, by adding inflation-linked bonds in both the NZ fixed interest and global fixed interest sectors.
One Click Fix?
Refixing your mortgage in your bank’s app feels harmless. It’s quick, simple, and ticks an important job off your list. But that one tap can also close the door on better options. Without advice, you risk locking into a deal that doesn’t fit your situation, potentially paying more than you need to.
When it comes to one of your biggest financial commitments, convenience should never replace good advice.
Smart money moves: 6 Practical tips to help you become a money trailblazer
Whether you're saving for a PS5, a better car or a new phone, learning how to handle your money is nothing less than a superpower. Once you master it, the skill will serve you for a lifetime.