Market & Portfolio Update - April 2023
Global share markets had another positive month in April, rising 1.6% in local currency terms, as investors were encouraged by the latest round of company financial results. Of the companies that have reported to date, the majority have exceeded earnings expectations, with particular strength seen in large tech names such as Alphabet and Meta.
Following the collapse of two small regional US banks in March, we saw a third US regional bank (First Republic) come under pressure toward the end of April. Ultimately the US regulators took control of First Republic Bank and sold it to the much larger and well-capitalised J.P Morgan.
New Zealand’s annual inflation rate fell from 7.2% to 6.7% in the first quarter of the year. While still well above the Reserve Bank of New Zealand (RBNZ) target rate of 1 – 3%, it was lower than many economists were expecting.
Undeterred by the better-than-expected inflation rate, the RBNZ raised the OCR an additional 0.5%, taking New Zealand’s benchmark interest rate to 5.25%. Current market expectations are for one more hike to 5.5%.
The Financial Realities of the Sandwich Generation
If you’re in your 40s, 50s or even 60s, chances are you’re juggling more than just your own goals right now. Maybe your kids still need your help financially – while at the same time, your parents are beginning to lean on you too.
Welcome to the Sandwich Generation – where you're caught between two sets of responsibilities, and still trying to plan for your own future. It’s not easy, but it is manageable. And the good news is, you don’t have to do it alone.
Financial Mythbusting: Demystifying Common Financial Misconceptions
In the world of finance, pervasive myths and misconceptions often mislead individuals, impeding their financial decision-making and goals. It is essential to debunk these common financial myths and equip ourselves with accurate information. This article sets out on a myth-busting journey, uncovering the truth behind misconceptions in personal finance.