Market & Portfolio Update - August 2021
Global share markets were up over 3% in local currency terms for the month, but with the NZ dollar strengthening against most major currencies, this performance was slightly offset for NZ based investors. The US markets led global markets again, with the insurance sector being one of the best performing sectors. The Booster portfolios have been overweight US insurers since February.
The US market was also supported by the US central bank indicating they are likely to be more patient with raising interest rates than what the market was expecting. Although they did suggest reducing the size of their quantitative easing program later this year, provided the economy continues to make substantial further progress.
The New Zealand share market saw the latest round of financial reporting where companies report either their half year or full year financial results. Overall, the results were strong, with the majority of companies coming in ahead of the market’s expectations, reiterating the strength of New Zealand’s economic recovery.
How much money do you really need to retire?
“How much do you think you will need to retire?” It’s the kind of question that can spark anything from a shrug to a nervous laugh around the dinner table. After all, most of us are so busy working hard, raising families, and paying the bills that it is easy to put retirement in the “future me will figure it out” basket.
But those dreams, whether it’s more time with the family, travelling, or simply slowing down, all come with a price tag. The real question is: how do you make sure you will have enough to live the retirement you picture?
Lifetime Book Club: Dare to Lead by Brené Brown
“Leaders are not necessarily those with titles, they are the ones who take responsibility for finding potential in people and processes.”
That is the heart of Dare to Lead. This is not your standard leadership guide filled with generic advice and motivational quotes. It is a thoughtful, research-based exploration of what it really takes to lead with courage and authenticity in today’s world.