Kapiti Financial Advice Limited – KiwiSaver and Investment
Global sharemarkets rose in June, led higher by the US sharemarket, with US US technology companies continuing to lead the way. European markets fell amidst heightened political uncertainty across Europe. NZ’s sharemarket fell -1.2%, reflecting the ongoing weakness in the local economy. Companies exposed to the local economy continued to underperform. Australian equities rose 1.0% … Read more
The RBNZ kept the OCR unchanged at 5.5%, as was universally expected. The focus of attention is whether the first cut will come in November, or whether the Bank will wait until February. The final review this year will be on the 27th November. The next review is not until 19th February 2025. So, there … Read more
Share Markets Global share markets rose 3.7% in May, reverting to their upward trend Favourable economic data in the US, UK and Europe, a successful US earnings season, and falling longer term interest rates supported the rise in global share markets. AI remains a key feature. Nvidia’s better than expected profit announcement provided a big … Read more
Established in 1998, Booster Financial Services Limited is a Wellington based fund manager, recognised for responsible investing, including a number of ethical accreditations and partnerships. Booster’s track record reflects a very capable investment approach utilising a mix of active and passive management, centred around diversification and direct ownership of assets. In their April 2024 Portfolio … Read more
Attached is a copy of our Select Wealth Management Monthly View. Key points: The ongoing resilience of the US economy is supportive of US corporate earnings, and global economic activity is stabilising. This is supportive of a broader range of stocks outside the narrow range of AI/tech stocks known as the Magnificent Seven. Risks remain … Read more
The resilience of the US economy, robust corporate profits, enthusiasm around artificial intelligence (AI), and the prospect of central banks reducing interest rates later in the year have pushed global markets higher. New Zealand’s share market gained 3.3% in March, primarily on positive global investment sentiment and lower longer term interest rates. The global economic … Read more
Reserve Bank expected to start cutting rates later this year Markets and economists are now expecting the Reserve Bank of New Zealand to start cutting its benchmark interest rate this year and wholesale interest rates have moved down in anticipation. Last week’s Consumers Price Index release supported the view that domestic-driven inflation pressures are easing, … Read more
2024 could see revival of dividend stocks and a better balance in share market perfomance Investors sought dividend-paying stocks in 2022 mindful that interest rate hikes by the US Federal Reserve could weigh on bonds (higher yields drives bond prices lower). But in 2023 dividend stocks fell out of favour: As interest rates rose to … Read more
KiwiSaver and Tax We often get asked about KiwiSaver and tax. In short, you pay tax on the money your KiwiSaver fund earns (the profit it makes on your behalf), but you do not pay tax on any money you withdraw from your KiwiSaver account. Not all of the money that your KiwiSaver fund earns … Read more
Booster has launched Booster Savvy, an innovative smart account and Mastercard debit card, which also earns a competitive interest rate. Savvy is underpinned by an investment account but with a debit card and NZ bank account number, providing customers with access to their money to enable day-to-day payments and transactions, while still making a return … Read more