What are the opportunities in the likely recessionary conditions ahead? It is likely that Australia is in recession right now, and how long that recession lasts no one knows. Important economies like the US, UK and Europe may well have deep prolonged recessions. The key point is that no one knows how bad the economic fallout will be at this stage, so investors need to be smart, patient and disciplined on their risk/ reward outcomes.
Should investors avoid global investments? Developed countries with important economies like the US, UK, and Europe are in a mess health-wise, and economically, so the general answer is yes. While these developed countries are in recession avoid global investment funds or indexes that are exposed to all markets. However, there are some outstanding international companies that have already adjusted their business models and moved through the pandemic very well. I can’t be specific here, but
What is the likely fall-out from COVID-19 Well from a health perspective I am not qualified to comment, but I can say from an economic perspective the fallout is uncertain, and varies from country to country. From my 30 plus years of experience in investment markets and advice I feel that in Australia we have handled the situation very well, and that our Prime Minister and his advisers should be congratulated. However, it was interesting
US share market 2019

Global and Australian share market bonanza

Posted on January 15, 2020

Global share market bonanza The US share market closed the 2019 calendar year having posted their best annual performance since 2013. The gains have mainly been driven by the big technology companies such as Apple and Microsoft that have led the decade-long bull market run. The year finished very differently to how it started, as the Australian share market and global share markets fell heavily during the December 2018 quarter on worries about slowing economic
Australian retirement
Australian Retirement Crisis: Demographics Will Trump All From the many conversations that I have when providing financial advice in Sydney to baby boomers approaching retirement, the big issue is the affordability of retirement. The main concerns of people approaching retirement are usually whether they have accumulated sufficient wealth, and how to generate an income stream in this low-interest-rate environment to meet their ever-increasing living costs. Baby boomers are generally defined as those born between 1946
Australian recession
Australian Retirement Crisis: Impact Of Demographics On The Share Market We’ve all heard and experienced the term ‘when America sneezes, Australia catches a cold’. For years I’ve been waking up to a notification from The Australian Financial Review stating whether the Australian share market will rise or fall that day. They don’t have a crystal ball and can’t accurately tell when the next Australian recession will be. Of course, their prediction is purely based on
Retirement age in Australia
Australian Retirement Crisis: Impact Of Demographics On Consumption In providing financial advice for over 30 years to those approaching retirement age in Australia, rarely have I seen a statement from a Federal Treasurer that is so damning on the future economic prospects of Australia than when the cost of supporting an ageing population was exclaimed to be a ticking “time bomb”. In the same presentation, the Treasurer stated that he “wants to help older people
Retirement Advice in Australia
Australian Retirement Crisis: Turning Japanese Australian may follow Japan down the demographic hole as the next recession will collide at the exact point where the coming retirement of three million Baby Boomers reaches its peak. I’ve been providing retirement advice in Australia for over 30 years. Many of the people I’ve consulted are part of the three million Baby Boomer (‘Boomers’) generation who will pass the age of retirement in the next ten years. In
Australian retirement
The Australian Retirement Crisis: How Much Will You Need? To enjoy a good standard of living most Australians will need around $72,000 each year. With future superannuation returns expected to be 5% to 7% per annum, how much wealth will you need to fund your lifestyle in retirement? From the countless consultation I have had for retirement advice in Sydney in recent years with Baby Boomers (‘Boomers’), one of their main challenges they have is

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