Market & Portfolio Update – November 2019
Market & Portfolio Update – November 2019
The month of November saw positive results from global share markets, as the United States and China look set to make progress on resolving some of their trade disputes after the last 18 months. Additionally, business confidence improved in both countries, suggesting improvement in the global economy.
While global share markets gained 4% on this optimism, New Zealand shares rose slightly more – this was driven by the retirement village operators, with some signs that New Zealand’s housing market, in particular Auckland, may be rebounding.
Also in New Zealand, the Reserve Bank surprised the market by keeping the Official Cash Rate on hold at 1%, rather than cutting rates further as expected. They cited a more upbeat environment for our local economy, although reiterated that interest rates would remain low. Given the ‘surprise’ it was pleasing to see that New Zealand share investments held up well after having been supported by falling interest rates in recent years, with good returns from A2 Milk and Pushpay (each up close to 20%) adding to the support from the retirement sector.
Disclaimer: This article has been prepared for the purpose of providing general information, without taking into consideration any particular investor’s objectives, financial situation or needs. Any opinions contained in it are held as at the report date and are subject to change without notice.
Do You Have a Toxic Relationship with the Phrase “Treat Yourself”?
The phrase “treat yourself” has become a modern mantra. It’s a great way to celebrate a milestone, reward a job well done, or break free from your everyday routine. However, when it comes to our bank accounts, treating yourself can sometimes cause more harm than good.
One small indulgence leads to another, and before you know it, the lines between self-care and overspending blur. You might walk away from the register with a bag in hand but a sinking feeling in your stomach. Sound familiar?
Scroogenomics at Christmas: Finding Joy Beyond ‘The Extravagance’
Gazing through the dimly lit windows of his modest office, Ebenezer Scrooge pondered the modern-day Christmas, “Ah, Christmas – each December, a tide of frivolity sweeps the world, with consumers collectively parting with an estimated $1 trillion globally on holiday spending.”
Reflecting on this, the Scroogenomist wonders, “What if Christmas were not marked by gaudy extravagance, but by acts of kindness? A season where gifts are not measured by their price tags, but by the care and thoughtfulness behind them. A handmade scarf, a heartfelt letter, or simply the gift of time – all these carry more value than gold. How uplifting it would be if people prioritized what truly matters: love, compassion, and the joy of giving.”