Market & Portfolio Update - May 2019
Market & Portfolio Update - May 2019
Most portfolios gave back a small portion of this year’s strong gains during May, with Balanced Portfolios down around 1% (compared to a 7% gain over the previous 12 months). This was driven by volatility in world share markets as trade tensions were again in the headlines, and some indicators of economic growth continued to weaken.
Global shares were the only major asset class to have negative returns for the month. The other 7 asset classes had a positive return.
With market interest rates also moving lower, fixed interest investments performed well, with both NZ and global bonds rising in value by 1% which helped support overall results.
NZ and Australian shares also performed positively, with our NZ share investments up almost 1%, and Australian shares buoyed by shares in the major banks. Banking shares returned 6% on average, after the Australian Liberal Party’s surprise election win cleared the way for continued favourable tax treatment on their dividends, and less regulatory pressure.
Disclaimer: This article has been prepared for the purpose of providing general information, without taking into consideration any particular investor’s objectives, financial situation or needs. Any opinions contained in it are held as at the report date and are subject to change without notice. This document is solely for the use of the party to whom it is provided.
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.
I Googled My Financial Future. Here's What Happened
Spoiler alert: According to the internet, I should already be retired, living off dividends, and renting out three Airbnbs in Queenstown.
Sounds ideal. If only it were true.