January 2016 Review & Comments
Written by Tony Gray   
Monday, 15 February 2016 09:14

Ordinarily I run through the asset classes and try to paint a picture of our view of the world, so far as it pertains to investment markets. On this occasion I will keep it short and sweet.

Investment markets are very uncertain, both in Australia and overseas. This is for a whole variety of reasons. Whilst there are undoubtedly macro risks to Australia (for example, Price Waterhouse Coopers recently estimated a 40% chance of recession in Australia within the next 3 years), we simply don’t know if they will come to pass. There are chain-of-event risks that could impact quite significantly on some sectors of our market – but on a more likely ‘muddle through’ outcome are quite reasonably priced.

We keep returning to individual asset valuations and despite some pretty decent falls, in most instances the prices are lower for valid reasons or valid risks.

We are in the early stages of first half reports in Australia, so we will have updated company information (positive and negative). There will be specific asset adjustments for many portfolios, but in a general sense we are still quite cautious. Price trends are negative and interest rates very low.

I am progressively contacting all clients in relation to portfolios – but as always, if you have questions or concerns, then please contact me.

Best wishes,


A.W. (Tony) Gray BCom, LLB, Dip FP, GDipAppFin, CFP, FFin

Principal, TG Financial



Please treat the above comments as General Advice or general information, with no action to occur until we have considered with reference to your financial position, needs and goals.

Last Updated on Monday, 15 February 2016 09:23
 

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