Welcome to 2020!
Hi and welcome to 2020! We hope you are well rested and refreshed to get the new decade off to a positive start.
In many respects though, it has been a troubling and depressing summer with the horrendous bushfires causing devastation to communities, homes, humans and animals across the east coast. In addition, the world is now facing the rise of the coronavirus. All of these things continue to spook markets here and overseas, which up until recently had been at record highs.
Despite all this doom and gloom though, our outlook for the year ahead remains positive.
As I have said on numerous occasions, when money is cheap due to low interest rates, money will continue to be invested in the share and property markets. I don’t see this changing any time soon.
I also expect that we’ll see two further RBA interest rate cuts in Australia this year, taking our record low rates even lower, to 0.25%.
I predict our dollar will probably fall to the mid-60s against the Greenback, Donald Trump will be re-elected in a land slide, and ScoMo’s promised federal budget surplus will blow out due to the disaster relief and recovery operation, but nobody will mind.
From our business’ point of view, we look forward to continuing to work with you to support your financial and life goals, but as per last year, we won’t be taking on any new financial planning clients at this point. However, we certainly appreciate your continued support of our Divorce Planning business, which has been busier than ever supporting couples through the painful separation process.
In terms of our media commitments, tune in to 3AW daily to hear my updates with Tom Elliott, and keep an eye on Channel 9 for my TV appearances.
Thanks for being part of our journey, and we look forward to sharing another great year ahead with you!