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DelphiNews September 2017

I’m pleased to enclose the latest edition of DelphiNews.

Market Update

Welcome to the September edition of the Market Update. 

Highlights:

  • Economic data released over the past month has continued to paint a relatively good picture of global growth with most of the major economies experiencing accelerating economic growth in the June quarter.

  • Geopolitical tensions remained heightened in August and this helped drive down bond yields.

  • Political gridlock in the United States increased nervousness about a potential government shutdown.

  • Strong earnings reports from companies in the United States and Europe were largely ignored and global equity markets were essentially flat over the month.

  • Australian GDP growth rebounded in the June quarter after the weather affected softer March quarter.

  • Australia’s earnings reporting season was a touch disappointing with a higher than average number of companies missing earnings projections and many companies lowering their guidance for the year ahead.

Economic Update

In this update, Bob Cunneen, Senior Economist talks to Jason Hazell, Head of Investment Communications, about key events driving markets during August.

They discuss:

  • insights from the profit season in Australia

  • heightened geopolitical risks after North Korea fired a missile across northern Japan, and

  • President Trump's bold promises of corporate tax cuts and higher infrastructure spending continuing to be supportive of US shares.

Five investment barriers to recognise if you're over 55

For investors approaching their mid-fifties, or for those who've already met the milestone, it's worth being aware of the psychological barriers that can impact our decision making, so we can take steps to overcome them. Below are five common psychological barriers which are particularly relevant to investors aged over 55.

7 rewarding one-day Australian mountain climbs

There’s something special about climbing a mountain, and it’s a feat that conjures up a whole range of thoughts and feelings. You start by psyching yourself up for the challenge, ooze energy and enthusiasm as the climb begins, question your sanity part way through, and then, with elation, enjoy a huge sense of achievement when you reach the summit.

Please contact us if you have any questions regarding these articles or to discuss your financial requirements.

 

Regards

Vince Dore CFP
Director