The year 2019 was extremely challenging. With 2020 we still have half way to go, however the first half has been quite a roller coaster ride for most corporates and economies. In 2019 though the stock market grew in almost every country due to better monetary policies and favourable Government policies, however we saw the GDP go down. The High network individual wealth also increased by roughly 8 percent. Since 2012 the trend has been towards the South Asian economies leading the wealth creation group, but it is the first time that United states has created the most wealth in the world due to the 1st phase of the Chinese US trade policies. Growth was seen mainly in the tech sectors.
In the Asia pacific we have seen a mixed growth between countries. Some countries like China have performed amazingly well as they have seen a double digit growth in Population as well as wealth. Also Hon kong and Taiwan have been leading in the Asia Pacific region. India, Singapore etc shown a negative growth rate due to the weaker local currencies and lowering of GDP. Europe saw an extremely high amount of wealth in the hands of the population due to the central banks easier monetary policies. It put almost 8 percent higher wealth in the hands of the people in Europe.
With the arrival of COVID19 market unpredictability is on the rise and wealth mangers are finding themselves in deep water trying to manage the assets of their customers. Wealth managers need to focus on customer relations and performance based fees rather than asset fees.
Work-Life Balance: Following Your Heart Work-life balance has become a pivotal aspect of modern living, as individuals strive to find equilibrium between their professional commitments and personal well-being. In this pursuit, the concept of "following your heart" holds significant value, suggesting that aligning one's career choices and daily routines with their passions and interests can lead to a more harmonious and fulfilling life. The traditional view of work often emphasized a linear path of climbing the corporate ladder and dedicating long hours to one's job. However, this approach frequently led to burnout, strained relationships, and a general dissatisfaction with life. Recognizing these challenges, a paradigm shift has occurred, with more people recognizing the importance of integrating personal aspirations into their professional journeys. Following your heart, in the context of work-life balance, involves making career decisions that resonate with your tr...
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