DelphiNews September 2012

Welcome to the September edition of Delphi Financial Management's Newsletter.

I’m pleased to enclose the September 2012 edition of Market Update.

The global outlook was positive last month as most major markets posted moderate results; with the Dow Jones, UK FTSE and DAX all returning positive gains in August.

The US economy continued to show signs of growth, with GDP increasing for the second consecutive quarter. Economists however, aren’t expecting this growth to pick up speed over the remainder of the year.

In Europe, Spain’s economy continued to dominate headlines, with the Eurozone as a whole trending towards a slow quarter of growth. The European Central Bank took matters into their own hands and unveiled a plan to reduce borrowing costs in the Eurozone.

On the home front, Australian property continued to enjoy its upward trend for the third month in a row, while retail figures returned disappointing results in August.

As markets continue to remain uncertain in the short term, please remember to remain focused on your long-term goals.

We all know that diversification is the key to managing risk while tapping into new opportunities for growth. And there are few better ways to diversify than to add quality overseas assets to your investment mix. An article on investing offshore gives an insight into this asset class.

Finally your financial health is important, however so is your physical health and we have included some information on how you can keep your bones and muscles strong.

If you would like to review your investment strategy or discuss any of these articles please contact us.

Regards

Vince Dore

Director

Vince Dore and Delphi Financial Management Pty. Ltd are Authorised Representatives of GWM Adviser Services Limited ABN 96 002 071 749, trading as Garvan Financial Planning/MLC Financial Planning an Australian Financial Services Licensee, Registered office at 105 –153 Miller St North Sydney NSW 2060 and a member of the National Australia group of companies.

This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial and tax and/or legal advice prior to acting on this information. The material contained in this newsletter is based on information received in good faith from sources within the market, and on our understanding of legislation and Government press releases at the date of publication, which are believed to be reliable and accurate. Opinions constitute our judgement at the time of issue and are subject to change. Neither, the Licensee or any of the National Australia group of companies, nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this email.

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1300 167 826

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