Welcome to the Summer Edition of CBI news, an update on economic factors impacting interest rate movements and why getting financial advice may be your best investment.
CBI Financial Planning News
The year has really flown by and Christmas is just around the corner, followed quickly by another New Year.
Our September team getaway to Fraser Island with our families was a huge success, with a good time had by all, with this photo taken at Eli Creek, for those familiar with the island.
Back at the office, it’s been a very busy year for us with the markets presenting a few financial challenges in 2021.
The Australian economy has recovered remarkably well throughout 2021 from the conditions presented by Covid-19, which is reassuring for clients, particularly those relying on their investments for retirement income. Based on current market indicators, we are confident that these conditions will continue into 2022, with all current information pointing to a likely rise in the interest rates in 2023.
After an extremely busy year our team are looking forward to a break over the Christmas holiday, with the office closing on Friday 17th December and returning to work on Monday 10th January, 2022. We would like to take this opportunity to wish you a safe, relaxing and enjoyable Christmas.
As always, if you would like to discuss any aspect of your financial strategy, please don’t hesitate to call.
Central banks – including the RBA and Fed – gradually removing monetary stimulus is more good news than bad
The shift towards monetary tightening signals slower more constrained share market returns – but the trend should remain up as the impact of monetary tightening is offset by economic recovery & higher profits, monetary policy is still easy and will be for a while & bull markets usually only end when monetary policy is tight.
Why Financial Advice May Be One Of Your Best Investments
It is commonly assumed that seeking financial advice is for the wealthy, and it only helps the rich become richer, yet financial advice can prove useful to anyone who wishes to better their financial future.
Financial advice is like getting a health check-up for your financial situation. Your financial adviser is like your personal trainer, assisting you in achieving your best possible financial health.
Seeking professional financial advice provides you with a clear path to achieve your financial goals, and that is an investment worth making.
If you would like to discuss your financial situation and wish to seek professional advice, please contact our office.