November 4 2016, four days BD (Before Donald). The ASX had wormed its way down to 5263 and the Dow Jones was at 17,888. Market timers had driven both indices down, selling their own assets and their clients’, so they could sit in cash and safely ride out any uncertainty. A day earlier in the Australian […]
Well here we are again. After the Brexit vote earlier in the year we’ve again witnessed a public vote having a real-time impact on financial markets. The US voting to elect Donald Trump as President. Markets spent the last week before the election reacting to polling numbers. Firstly, there was a sell off when Trump […]
Part of being a financial advisory business involves jobs clients want to delegate or don’t want to do. Modelling financial outcomes, monitoring government legislation, compiling decades of data to formulate an investment philosophy – most recently it was reviewing ASIC’s 120-page report into Australia’s life insurance industry. It’ sounds a snooze, but it’s not when […]
Economic Overview It was mostly a positive quarter for markets, with volatility across equities and fixed income being much lower compared to recent quarters. In the US, the Federal Reserve left interest rates unchanged, but provided a more optimistic assessment of economic conditions at its July meeting, deeming that the risks in the near term […]
FYG Planners would like to congratulate Gary Spencer of Spencer Private Wealth for becoming a 2016 Grand Finalist in the AFA Zurich Adviser of the Year awards. Finalists in the AFA Zurich Adviser of the Year awards are “recognised for their leadership, advocacy and innovation in the financial services industry.” AFA chief executive Brad Fox said the […]