Happy New Financial Year

Well here we are again, with another financial year at an end! The magical line in the sand that says pens down and step away, all you could have done is done and now it’s time to check the scoreboard. Hopefully, for our clients, it is time to reflect on the positive steps you have made towards achieving your most important goals this year.

In terms of investment markets, the short-term results reflect many things, business results, the economy as a whole, perceptions of the future, and fear/greed. As you can see below, the broad Australian share market performed strongly with double-digit returns. The broader global market had an exceptional six months to drag itself back into positive territory. Looking at the three year returns, the equity portion of our portfolios have both enjoyed strong returns.

In fact, over the past decade, both markets returned just over 10% each.

The 1st of July flagged the beginning of a raft of changes in key areas, including superannuation, childcare subsidies, tax cuts, single touch payroll and many more. I won’t list them all here, our job as your trusted advisers is to ensure that we review any changes that affect our clients and plan accordingly.

Stephen Lowry (CFP Professional, DFP, FAIM, AIF) is a representative of Alman Partners Pty Ltd, Australian Financial Services Licence No: 222107.

Note: This material is provided for information only. No account has been taken of the objectives, financial situation or needs of any particular person or entity. Accordingly, to the extent that this material may constitute general financial product advice, investors should, before acting on the advice, consider the appropriateness of the advice, having regard to the investor’s objectives, financial situation and needs. This is not an offer or recommendation to buy or sell securities or other financial products, nor a solicitation for deposits or other business, whether directly or indirectly.


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