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.
How to Teach Kids About Money: Building Financial Literacy from an Early Age
As parents, we all want our children to grow up confident and capable, especially when it comes to managing their money. Financial literacy is a crucial life skill that’s best nurtured from a young age. Here are some practical tips to help your kids understand the value of money and develop healthy financial habits.
Lifetime Book Club: The Rules of Wealth by Richard Templar
Hello and welcome to another edition of the Lifetime Book Club! This month, we’re exploring The Rules of Wealth by Richard Templar, a guide that lays down the principles for achieving financial success in an accessible and engaging way.