DelphiNews February 2013

Welcome to the Febuary edition of Delphi Financial Management's newsletter.

I’m pleased to enclose the Feburary 2013 Market Update.

The US economy continued to show signs of improvement last month, as employment and housing starts returned positive results. While this was good news for investors, consumer confidence fell, as the uncertainty around a permanent fiscal solution weighed heavily on consumers’ minds.

In Europe, economic sentiment continued its upward trend for the third month in row for both the Eurozone area and the European Union.

In domestic news, the Reserve Bank of Australia (RBA) kept rates on hold at the February meeting. However poor business conditions and increasing unemployment are likely to put pressure on the RBA to further cut rates later in the year.

Maximising social security benefits, such as the age pension, has been a major goal for many Australians once they reach retirement. Jennifer Brookhouse outlines in the enclosed article some strategies that can be used to reduce your assessable income and/or assets and increase your Centrelink benefits.

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.

Level 7, 60 Carrington Street, Sydney, NSW 2000
1300 167 826

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