Market & Portfolio Update - August 2022
Central bankers from around the world met during August at the annual ‘Jackson Hole Symposium’ in the USA. Central banks, like the Reserve Bank of New Zealand (RBNZ), play an important role in guiding the various economies around the world as they battle inflation, so this event was an opportunity to discuss the challenges they’re facing and reiterate their commitment to getting inflation back under control. This came only one week after the RBNZ updated its own monetary policy, raising the OCR from 2.50% to 3.00%.
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.
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.