www.ifa.com.au February 2019 – No 677
After a volatile 2018, the year ahead looks just as choppy for equities as geopolitical events plague share markets across the globe.
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Many small businesses around Australia operate through a family or discretionary trust.
Yet the federal government has not prosecuted the changes proposed by Bill Shorten and Chris Bowen. They aren’t being debated in the mainstream marketplace. These plans are flying under the radar.
Discretionary trusts are a legitimate and positive structure adopted by many in small business, individuals, and families to help support effective planning.
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You cannot look at EM without having a strong view on Asia and China in particular.
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This month I attended the UBS Greater China Conference in Shanghai to hear first-hand from experts and world leaders.
Remember that equity market crashes occur when investors overestimate returns and underestimate risks. Market valuations are attractive, expectations are very low, and an awful lot of bad news is priced in.
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Perpetual never calls, never writes.
Hit by poor investment returns and customer withdrawals, investors might have expected one of Australia’s most experienced retail investors to be all over financial advisers.
But for Will Hamilton, that’s not the case.
Named Australia’s second-ranked adviser in 2017 for helping clients invest almost $500 million, Hamilton hasn’t been pitched Perpetual’s Australian share funds, even though a lack of financial advisers’ interest is one of the famous company’s big problems.
“I have always thought it was a very good name,” Hamilton says. “I have been a bit surprised they have never tried to be in front of us. I think the bigger you get the worse you are at marketing.”
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Thankfully, we don’t get to see a 12-month period such as that one too often.
In fact, London-based Capital Economics just reported that for the first time in more than 25 years, 2018 will be the year when its list of 10 major asset classes each delivered a negative return.
In this article Will Hamilton gives a preview of how we will be approaching 2019.
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In this article by Misa Han, Will Hamilton was asked to comment on the implications from the Royal Commission on the Advice industry,
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Global equity markets recently experienced their second technical correction for 2018.
The Australian S&P/ASX 200 peaked on August 29 at 6352 but closed down 10.8 per cent on November 30 well down from that peak. This week it dropped even lower to finish under 5700.
The US S&P 500 peaked nearly a month later on September 20 at 2931 but also closed down at the end of November, 5.82 per cent off that peak and has gone lower since.
I am biasing towards equities especially after the recent sell off. This was and still is the “least overvalued” asset class – and remains cheap relative to mainstream fixed income.
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Will Hamilton was also included in the FS Power50 list in 2017.
The FS Power50 list is made up of the 50 – most influential financial advisers in the country according to the readers of Financial Standard and FS Advice – The Australian Journal of Financial Planning.
In the making of this list, ‘influential’ is defined as individuals who have been, or continue to be, instrumental in shaping the future of the financial advice industry.
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The House of Representatives economics committee inquiry into Labor’s abolition of franking credit rebates is well under way. As at Thursday 22nd November, a high number of submissions, 435 in all, had been made to the committee chaired by Liberal MP Tim Wilson.
Mr Bowen, you have got this policy wrong, and for the benefit of those who can least afford it, admit your error and dump it.
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