Market & Portfolio Update - October 2022
October provided a much needed reprieve for global share markets, rising 7.2% (in local currency terms). The month saw a number of companies report their latest earnings numbers, which at a broad level, were better than expected.
The NZ share market ended the month up 2.5%. Performance of the listed travel-related companies was particularly strong, with Tourism Holdings and Auckland International Airport up 32% and 7%, respectively. During the month, both companies upgraded their profit guidance due to increased certainty on revenues and tourism numbers.
The latest data shows New Zealand’s annual inflation rate to the end of September was 7.2%. This was a slight moderation from 7.3% in June but remains well above the RBNZ’s 1-3% target. Market expectations are now for the RBNZ to progressively raise the OCR to around 5% by May next year (currently 3.5%).
Financial Planning: Mapping Out Your Financial Goals
When was the last time you sat down and not only set some goals, but mapped out the best way to ensure they are achieved? Goal modelling is more than just financial planning - it’s a roadmap to achieving what truly matters to you. It’s getting answers on what you could be achieving in life, and the best way to get there.
At Lifetime, we go beyond just the numbers to understand your life stages, your aspirations and your personal values.
Lifetime Book Club: Start With Why by Simon Sinek
Welcome to the Lifetime Book Club! This month, we’re exploring an inspiring read for anyone who’s passionate about purpose - Start With Why by Simon Sinek. Whether you’re leading a team, running a business, or just trying to find direction in life, this book is a powerful reminder of the impact of knowing your "why."