The End Of Bonus Bonds
There has been much attention on Bonus Bonds recently with ANZ's announcement to close the scheme. But for the 1.3 million of you with a share of the $3.2 billion held in Bonus Bonds – what should you do? As is often the default position with investment scheme wind-ups, we suggest you sit tight. Now just might be the only time that Bonus Bonds have ever proved to be a worthwhile investment.
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The global share market (represented by the MSCI World Gross Index) returned +1.4% in New Zealand dollar terms, despite many listed software companies facing pressure during the month. Investors are questioning how durable some software companies’ competitive advantages really are, as developments in artificial intelligence (AI) may make it easier to replicate their software. Nonetheless, the broader market tone was more resilient as investors continued to favour industries related to AI infrastructure.
Lifetime Book Club: The Almanack of Naval Ravikant by Eric Jorgenson
In a world that often confuses busyness with success and income with wealth, this book offers a different perspective. One that suggests true wealth is freedom. Freedom over your time. Freedom over your decisions. Freedom to live life on your own terms.