Market & Portfolio Update - January 2023
Global share markets got off to a strong start to the year, rising 6.5% in local currency terms. Investors were encouraged by a sixth consecutive monthly fall in US year-on-year inflation in December. At 6.5%, US inflation is still above target but is down meaningfully from its peak of 9.1% in June.
Encouraging news on inflation led investors to expect fewer interest rate hikes from central banks going forward. This supported the returns of bond markets. Global and New Zealand bond markets rose around 2% – quite decent returns when it comes to bond investments. These returns provided some reprieve for bond investors after higher interest rates have weighed on bond returns throughout much of 2022.
Maximise Your Miles: Financial Tips for Frequent Flyers
Whether you’re a young Kiwi planning your OE (overseas experience), a family about to embark on that long-awaited trip to Disneyland, or a seasoned business traveller hopping between meetings in Singapore and Sydney, the excitement of travel is unbeatable. But with every adventure comes a bit of financial planning to ensure your holiday memories aren’t clouded by an unexpected hit to the wallet.
Lifetime Book Club: Barefoot Kids by Scott Pape
This month, we’re shifting gears with a fantastic read for the whole family – Barefoot Kids by Scott Pape. If you’re looking to teach your children about money in a way that’s fun, practical, and empowering, this book is a must-have. Barefoot Kids takes Scott Pape’s signature no-nonsense financial wisdom and adapts it for the next generation. It’s filled with engaging stories, hands-on activities, and simple lessons to help kids understand how money works – and more importantly, how to manage it well.