World share markets have continued to rally from the lows of 2008. We have seen most of the main indices, including the NZX50, reach all-time highs in the last few months. This is great news for investors as they see their portfolios recover from the effects of the Global Financial Crisis. However this recovery could stall at any time. The secret of sound investing is to have a well-diversified portfolio which is spread across the four main investment categories. The spread of the portfolio is determined by the individual’s goals and objectives. Once the strategy and allocation are determined the investor becomes less reliant on the fluctuating market returns and is more focussed on their own requirements.
In the last few years we have seen how investors gravitate to one class of investment or another, often in the pursuit of higher returns. Of course the trade-off for higher returns is the level of risk that is then being taken. A good example was gold. As the markets declined from 2008 onwards gold became a safe haven. Dealers were springing up in shopping malls looking to purchase gold. Television and radio advertisements invited people to invest in gold. When did the advertisements hid the airwaves? Once the price had reached its zenith. The old adage is buy low sell high yet the advertisements were encouraging the exact opposite. Unfortunately there appears to be a lack of sound investment advice when we are being encouraged to invest in “the next best thing”.
Relay For Life
Nuview Wealth Solutions continues to support the Relay for Life in Palmerston North. This is a 24 hour event held on the second weekend of March. Teams walk the four hundred metre track at Massey’s Hokowhitu Campus with the aim of raising funds for the Cancer Society and at the same time raise awareness of this disease. The funds raised are all used locally. Our team has been involved since 2007.