This presentation is given by Greg Boland, who is Chief Executive Officer and an authorised representative of Tiger Fintech (NZ) Limited.This is not an offer to deal in any financial product. The information given in this presentation must not be reproduced, distributed or disclosed to any third party.This information may contain general advice, which has been prepared without considering an individual investor’s objectives, financial situation or needs. Before making any decision about the information provided, you must consider the appropriateness of the information having regard to yourobjectives, financial situation and needs, and consult your financial adviser. Investment in financial products involves risk. The past performance of financial products is not a reliable indicator of fut
With the US share market closed for Thanksgiving it is a good opportunity to reflect on the returns of the $S&P 500(.SPX)$ month and year to date and exam what may lie ahead. 2022 has been a difficult year for stocks with the $S&P 500(.SPX)$ falling 27.5% from its January intraday high of 4,818 to an intraday low of 3,491 in mid-October.From this October low the market has rallied 15.6% to 4,034 on Wednesday.So, will this bear market rally succeed where others (January, March, May and June) have failed this year? Time will tell!Mid Term Election EffectWhat we do know is that historically stocks tend to sell off in the two quarters ahead of midterm elections an
$S&P 500(.SPX)$$NASDAQ(.IXIC)$The US share market began today’s trading session down more than 2.4% after the Bureau of Labor Statistics announced that the consumer price index increased 0.4% for the month, higher than expectations. On a 12-month basis, headline inflation was up 8.2%, but off its peak of just over 9% in June. However, the increase in the core inflation rate over the past year climbed to a new peak of 6.6% from 6.3%, marking the biggest gain in 40 years according to Greg Boland, CEO of Tiger Brokers NZ. Fed fund futures now predict a 95% probability of a 75-point
Further pressure points on Kiwi dollar in months ahead
(The story is written by Jonathan Mitchell on Fri, 23 Sep 2022 at https://www.nbr.co.nz/) The Kiwi dollar is expected to experience further downside pressures as investors retreat to safety, as the US Federal Reserve hikes interest rates, as well as fears of a global recession.The New Zealand dollar touched a 2.5-year low against its US counterpart this week at 58c, after the Fed hiked again by an expected 75 basis points.It also put the Kiwi under pressure with the Australian dollar, below 88c.Tiger Brokers chief executive Greg Boland told NBR there was a further chance of the Fed raising rates by another 75bp in November.He said the Kiwi was feeling the heat from aggressive monetary policies around the world, as well as weaker commodity prices
Cult of personality – the trader vs the investorBy Greg BolandAre you a trader or an investor? A trader sounds a little more rebellious and given the short term, higher risk nature of their investment behaviour they usually are.An investor on the other hand is more focussed on long-term prospects.If new research from Finder is anything to go by then New Zealand is a nation of investors. And a fair number of you may rate yourselves as traders.The research found 56% of New Zealanders – that’s more than 2 million – were investing their money, ranging from buying property through to trading shares. More interestingly, almost two fifths (38%) have shares, making it the most common form of investment.And it’s not just NZX shares being traded. A growing number of Kiwis are trading globally becaus