Celebrating New Zealand Shares!
On the 23rd of April, the NZ share market index (S&P/NZX50) broke through the 10,000 level for the first time in its history. But a quick look back through the major headlines around that day suggest we were more focussed on weather forecasts for the upcoming holiday period. To us it’s simply puzzling that this major milestone wasn’t more widely recognised, acknowledged and even celebrated. One possible answer is that Kiwis and the media simply aren’t aware of, or focussed on, the continued strong performance of our local share market. Our concern here arises from the missed opportunities for New Zealanders to grow their wealth that this lack of awareness implies. We readily celebrate sporting success but seem reluctant to acknowledge business or financial success even though it is critical to our long term wellbeing as a country.