By now you’ve probably heard of the craze surrounding cryptocurrency – the two most recognisable being BitCoin and Ethereum. There’s a lot of hype circulating at the moment, and if it’s got you wondering whether you should be buying “crypto” for Christmas, here are the three things you need to know:
Despite the usual worry list, 2017 has been pretty good for investors as global growth and profits accelerated and central banks stayed benign as inflation stayed low.
The “sweet spot” combination of solid global growth and profits and yet low inflation and benign central banks is likely to continue in 2018. However, US inflation is likely to start to stir and the Fed is likely to get a bit more aggressive. Expect a gradual rise in bond yields and a rising US dollar. The RBA is unlikely to start hiking rates until late 2018 at the earliest.
Most growth assets are likely to trend higher, but expect more volatility and more constrained returns. Australian shares are likely to remain laggards.
The main things to keep an eye on are: the risks around Trump; inflation, the Fed and the $US; bond yields; the Italian election; China; and Australian property prices.
At the start of last year, with global and Australian shares down around 20% from their April/May 2015 highs, the big worry was that the global economy was going back into recession and that there will be another Global Financial Crisis (GFC). Now, with share markets having had a strong run higher, it seems to have been replaced by worries that a crash is around the corner and this will give us the global recession and new GFC that we missed last year!
Being aware of what fees you are paying, what superannuation you have in place and the current market conditions can be confusing. Having an appropriate financial plan in place and finding a financial adviser you feel comfortable with, can help you uncover opportunities and improve your financial future. Setting aside time to review your finances is one of the easiest ways to keep your plans on track. Let’s see how a financial adviser can help you get a head start in 2018.
Dobbrick Financial Services Ipswich Awarded Highest Honours at National Awards held in NZ
Dobbrick Financial Services Ipswich has been named the “2017 Principal Practice of the Year” Winner and Principal Director, David Dobbrick awarded the “2017 Guy Carrington (Chairman’s) Award” at the recent Fortnum Financial Advisers Awards held in New Zealand.
Are you in the market for a Home Loan, Investment Loan, Equipment Finance, Commercial Loan or simply wanting to review or consolidate your existing loan? Whether it be first home investment or an experienced home owner wanting to add to your portfolio, we can assist with an investment option tailored to you.