Market & Portfolio Update - August 2020
Global share markets rose nearly 5% in August as investors continue to digest news about ongoing vaccine developments and look for returns in a low interest rate environment.
Australian shares rose over 3% as the Covid-19 outbreak in Victoria eased. This resulted in another month of overall positive returns for funds, even as some uncertainty remains for the general economic backdrop.
For our Booster clients, the portion of members' global shares investments managed by California-based Fisher Investments added value by outperforming the general return on global share markets. This came largely from Fisher’s allocation to technology companies, such as Apple and sales software provider Salesforce. These both benefited from sales being supported by global customers looking to technology solutions to help them and their businesses through the pandemic.
Lifetime Book Club: Same as Ever by Morgan Housel
It’s an old idea. But Morgan Housel brings it to life in a way that feels fresh, relevant, and surprisingly practical.
In a world obsessed with what’s next, new technology, market shifts, global uncertainty, Same as Ever flips the script.
Instead of asking “what will change?”, it asks a better question:
What won’t?
The Financial Realities of the Sandwich Generation
If you’re in your 40s, 50s or even 60s, chances are you’re juggling more than just your own goals right now. Maybe your kids still need your help financially – while at the same time, your parents are beginning to lean on you too.
Welcome to the Sandwich Generation – where you're caught between two sets of responsibilities, and still trying to plan for your own future. It’s not easy, but it is manageable. And the good news is, you don’t have to do it alone.