In global markets the terms “emerging markets” or “emerging economy” are used broadly to describe countries that have lower income levels per citizen and generally experience a lower standard of living compared to a “developed” country. China has been the poster child for emerging economies over the past 25 years, as the country has seen massive growth and changes in its economy: GDP has grown from US$360 billion in 1992 to over US$8 trillion today.
Bevan Graham, AMP Capital, 15 June 2017
Two key pieces of economic news out this morning with the US Fed raising its benchmark interest rate and March-quarter GDP growth numbers for New Zealand released. Watch the video for my thoughts.
Click here to watch the video.
We don’t want your AMP KiwiSaver Scheme members to miss the boat on up to $521.43 worth of Member Tax Credits (MTC).
Actually, 20 years ago was the best time to start investing, which is an adaptation of a Chinese proverb:
The best time to plant a tree was 20 years ago. The second best time is now.
National’s election policy of increasing the superannuation eligibility age has reignited talk about NZ’s aging population and its various implications. There are several reasons behind the aging population including ‘baby boomers’ getting closer to retirement, falling birth rates, and improving healthcare leading to people living longer.
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