DelphiNews January 2014

Welcome to the New Year!

I hope you and those close to you have enjoyed the festive season and are looking forward to 2014.

I’m pleased to enclose the January 2014 edition of Market Update.

Global economies last month continued to show signs of improvement, with rising employment and overall higher demand seen throughout the major economies.

In the US, the Federal Reserve started its dial down of QE3, with an initial reduction of US$10b, down to US$75b. Janet Yellen, the new Federal Reserve Chairperson elect, was also voted in by Congress.

In the Investment Insight below, Brian Parker, Senior Investment Consultant at MLC Investment Management, further expands on the Fed’s announcement and its program of asset purchases.

He outlines what this development, and the recent budget agreement in the US, could mean for share markets and the Australian dollar.

On the home front, residential property finished 2013 on a strong note, with sales volumes at record levels in Sydney and Melbourne. The Mid Year Economic and Fiscal Outlook was also released last month, and concluded that the budget would remain in deficit throughout the forecast period until 2016/2017.

In the article, Strategies for an Comfortable Retirement we explore if we can live comfortably, travel widely and spend time pursuing our interests.

Delphi Financial Management holds its authority to provide Financial Advice from MLC Limited's subsidiary, GWM Adviser Services Limited (Garvan) via Garvan's Australian Financial Services Licences (230692). Further information about Garvan and Education for Investors can be found at the revamped Garvan Website.

As always please contact us if you have any questions regarding the information contained in this edition of DelphiNews or if you or a family member would like to review their current investment strategy.

All the best for 2014!

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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