Market & Portfolio Update - September 2021
Global share markets experienced some volatility during the month, falling modestly for the first time since January. This was in part due to expectations of rising global interest rates over the coming months. It is worth keeping the month’s performance in context, with global share markets returning almost 15% so far this year.
Global bonds are down modestly for the month (as bond yields rose) after the US Federal Reserve indicated they are getting closer to withdrawing stimulus. In this respect, the Reserve Bank of New Zealand is ahead of the rest of the world, having ended its quantitative easing program months ago and has since raised the Official Cash Rate in October.
The NZ share market ended the month up 0.6% - better than most other developed markets. Performance of the listed travel-related companies was particularly strong, with Kathmandu up 17%, Auckland International Airport up 8.5% and Air New Zealand up 8%.
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."