Points of interest from the Federal Budget 2019
Whether a decline month happens in the first month or the tenth month, there’s no avoiding your portfolio going down at some stage – unless it’s exceptionally conservative. The concern with the first month is the psychology of immediately giving up some of your capital.
The findings and recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry have been delivered. Commissioner Kenneth Hayne made 76 recommendations and the early noises from both sides of politics were 75 of those recommendations will be implemented.
Sharp declines in the December quarter as trade concerns weigh
Predictions have become a little more nuanced over the years. And the forecasters don’t just make one prediction, they now make multiple predictions with various scenarios. A good way to cover themselves in the future from people who want to drag up their old and failed predictions for a few laughs.
What are the differences? If you want to make it simple, women are about security and men are about freedom. That’s what money generally means to each. How does that work for them when investing?
Investing is nothing to do with talent, nor are gains just handed out for making an appearance on the first day. You also don’t get the choice of when you show up to collect the gains before leaving again. If only it was that easy.
Every year we’ll be confronted with a multitude of disasters. Sombre yes, but a fact regardless. Maybe they won’t affect us personally, but they’ll appear before us on the news and they should be pause for reflection.
World economic data remained encouraging throughout Q3.
Global equities, particularly developed markets performed strongly.
Emerging markets were punished, while Australia made small gains.
And another reason to be wary of what you share online.
Ask the average person and they’d probably assume a balanced portfolio was split half and half between growth and defensive assets. In the financial world, there’s a little more flexibility in the definition.