Market & Portfolio Update - September 2022
September was another volatile month for global financial markets, as central banks reiterated how far they are willing to go to get inflation back to long-term target levels. For example, in the US, this caused interest rates on bonds to rise by around 0.70%, weighing on the returns of bond investments. Share markets were also volatile, as investors came to grips with higher interest rates and slowing economic growth.
While volatility like this can be unnerving for investors, financial markets experience these kinds of events from time to time.
The New Zealand dollar tends to fall during periods when financial markets are volatile, supporting the value of unhedged overseas investments. This is exactly what has happened this time, with the falling New Zealand dollar resulting in unhedged global share investments performing 15% better over the past 12 months than if the foreign currency was hedged or locked in.
Lifetime Book Club: Atomic Habits by James Clear
This month, we’re kicking off the new year with a game-changer for personal growth - Atomic Habits by James Clear. Whether you’re looking to save more, get fitter, or just make life a little easier, this book is the ultimate guide to creating habits that stick.
Debt Detox: Break Free in 2025
Debt. It’s heavy, exhausting, and sometimes feels like a trap you’ll never escape. You’re not alone - 59% of Kiwis say their finances have affected their mental health. But here’s the good news: debt doesn’t have to define your financial future. This year, let’s turn the tide and make 2025 the year you take control.
Here’s your step-by-step guide to detoxing your debt and reclaiming financial freedom.