Market & Portfolio Update - October 2018
Market & Portfolio Update - October 2018
Share markets continued their 2017 ascension during October, with a moderate 3% gain boosted further by the New Zealand Dollar falling 5%. For New Zealand investors, the fall in our local currency reinforces the diversification benefits of holding foreign investments, which rise in value when the currency falls.
While exchange rate changes have featured this month, the real story driving markets is global economic growth continuing to expand all around the world. This is one of the pillars supporting global share markets’ good performance since the start of the year.
With many investors globally remaining arguably too cautious about the current economic expansion, we have, in the vein of Warren Buffett, slightly increased funds’ global share investments during the month of October.
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.
Finding Your Financial Ikigai: The Japanese Art of a Balanced & Purposeful Life
In a world that often measures success in financial terms, the Japanese concept of Ikigai offers a refreshing perspective. Transcending the boundaries of culture and geography, this philosophy loosely translates as "a reason for being". Ikigai is a convergence of what you love, what you're good at, what the world needs, and what you can be paid for. It's an approach that represents a broader view of prosperity, encompassing joy, purpose, and contentment. As financial advisers, we find this particularly compelling. This article delves deeper into how Ikigai can not only enrich your life but also inform your financial decisions for a more fulfilling journey.
Lifetime Book Club: Intentional by Chris Bailey
In a world full of distractions, half-finished to-do lists, and “I’ll get to that later” energy, this book feels like a helpful nudge back to what really matters.
It’s not about doing more for the sake of it. It’s about doing the right things, with more purpose, more clarity, and a little less chaos.