Market & Portfolio Update - August 2022
Central bankers from around the world met during August at the annual ‘Jackson Hole Symposium’ in the USA. Central banks, like the Reserve Bank of New Zealand (RBNZ), play an important role in guiding the various economies around the world as they battle inflation, so this event was an opportunity to discuss the challenges they’re facing and reiterate their commitment to getting inflation back under control. This came only one week after the RBNZ updated its own monetary policy, raising the OCR from 2.50% to 3.00%.
Financial Decision Fatigue: When to Automate and When to Act
We make thousands of decisions every day. What to wear. What to eat. Which email to respond to first. By the end of the day, our ability to make thoughtful, rational choices is often depleted.
This is known as decision fatigue. And it does not stop at small daily choices. It affects financial decisions too.
Is your emotional attachment to money holding you back?
The way you attach value to money is a far more complex process than you might realise. Our brains are clever little engines, attributing different emotional values to the same amount of money, depending on how important it is to us.