Market & Portfolio Update - September 2020
Global share markets eased modestly in September, after performing very well since March. Markets were weighed down by investors locking in some profits from companies that have performed well in previous months. Examples include Apple in the US, and Fisher & Paykel Healthcare and a2 Milk in New Zealand.
Bond markets meanwhile were up 0.50% on average, as demand for ‘safe-haven assets’ rose. They were supported by comments from the US Federal Reserve that they will continue to support economic growth through a policy of low interest rates which directly benefit the price of bonds.
In general, investments have continued to perform well, despite the unfortunate circumstances that this year has brought. Stimulus from governments and central banks has helped support financial markets.
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.