Market & Portfolio Update - July 2020
Global share markets continued to rise following the volatility we saw during March, up a further 3% in July. This continued the theme of previous months as share markets are looking through rising cases of Covid-19 in the United States to news of potential vaccine developments, higher profits from some tech companies relatively immune to the virus, and support from governments and central banks. Fixed Interest investments also made a good contribution to fund returns, with bonds rising in value amidst the continued stimulus from central banks.
In addition to the general rise in markets, the portion of global share investments that are managed in conjunction with Rothschild continued their strong performance. Standout returns came from Alibaba (Chinese e-commerce giant), Linde (multi-national industrial gas company), and Danaher (US-based conglomerate) which each gained more than 10%.
The rise in markets since March combined with the gains from our active management mean that returns over the last 12 months are now solidly positive for all of Booster’s core diversified funds. This positive gain despite the disruptions to world economies over this period is testament to the importance of sticking to an appropriate long-term financial plan during both rough and calm seas.
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.