DelphiNews October 2012

Welcome to the October edition of Delphi Financial Management's newsletter

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

The global outlook returned mixed results last month, with the US continuing to show signs of growth, while China’s growth position weakened.

In Europe, although markets started to show signs of a slow recovery, the European Central Bank (ECB) knows there is still work to be done before market and consumer confidence returns. To further support the recovery, the ECB announced a number of initiatives designed to ease the financial pressures felt throughout the Eurozone.

In domestic news, the RBA announced an interest rate cut for the first time since June. This brings the official rate down 25 basis points to 3.25%.

The changes in the superannuation concessional contribution cap has focussed clients on whether it is still worthwhile making these contributions. MLC’s Technical experts investigate Super Contributions versus Mortgage Payments in the attached article.

Finally we look at health issues and whether you can avoid a disease to which you’re genetically predisposed.

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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