Market & Portfolio Update – November 2019

10 December 2019 by Lifetime in Market Update, Investments

Market & Portfolio Update – November 2019

Market & Portfolio Update – November 2019

The month of November saw positive results from global share markets, as the United States and China look set to make progress on resolving some of their trade disputes after the last 18 months. Additionally, business confidence improved in both countries, suggesting improvement in the global economy.

While global share markets gained 4% on this optimism, New Zealand shares rose slightly more – this was driven by the retirement village operators, with some signs that New Zealand’s housing market, in particular Auckland, may be rebounding.

Also in New Zealand, the Reserve Bank surprised the market by keeping the Official Cash Rate on hold at 1%, rather than cutting rates further as expected. They cited a more upbeat environment for our local economy, although reiterated that interest rates would remain low. Given the ‘surprise’ it was pleasing to see that New Zealand share investments held up well after having been supported by falling interest rates in recent years, with good returns from A2 Milk and Pushpay (each up close to 20%) adding to the support from the retirement sector.

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.

preview image - Lifetime Book Club: Happy Money: The Science of Happier Spending by Elizabeth Dunn & Michael Norton

Lifetime Book Club: Happy Money: The Science of Happier Spending by Elizabeth Dunn & Michael Norton

“Money can't buy happiness – unless you know how to spend it.”

That’s the heart of Happy Money. This isn’t your usual guide to budgeting, saving, or investing. It’s a fascinating, research-driven look at how to turn spending into something that genuinely makes you feel good – not just for a moment, but in a meaningful, lasting way.

27 August 2025 by Lifetime in Lifetime Book Club
preview image - The Biggest Mistake Existing Property Investors Make

The Biggest Mistake Existing Property Investors Make

Are you asset-rich but cash-poor? This is very common for a lot of existing property investors who purchased before or during the last property boom and experienced significant gains in property values.

20 August 2025 by Ross Barnett in Property Investment