Clicky

Australians should review financial plans

Australians are encouraged to review their financial plans due to expected growing global market volatility, according to financial firm Dixon Advisory.

In particular, those preparing for retirement should make sure what quality investments would be best and fit their long term plan.

This would include looking at their debt levels, exposure to risk areas, such as Australian residential property market, and a solid understanding of their cashflow needs.

Related News:

At the same time, Dixon’s head of advice, Nerida Cole, warned that volatility would be driven by the next round of Sino-US trade talks. On top of this, the markets would continue to be affected by Europe’s Brexit dilemma, the US government shutdown and China’s stimulatory measures aimed at countering slowing growth.

“The recent falls across Asian sharemarkets has resulted in some quality companies trading at attractive prices. Despite recent slowing in the Chinese economy, Asia’s emerging middle class is expected to support ongoing growth,” Cole said.

 “We also expect some growth in Australian shares for 2019, but waiting until at least February – or even potentially post Federal election – may provide more clarity around lending and bank regulation.”

Additionally, the greatest risk to the Australian economy might be the downturn in property which would be expected to deepen and start impacting on the broader economy, with the banks being tougher on approving loans due to scrutiny from royal commission and with stricter regulations which would also have a flow on impact to property.




Related Content

AMP on brink of additional fees for no service breach

AMP Limited is worried that it may have another fees for no service case on its hands.The Royal Commission into Misconduct in the Banking, Superannuat...Read more

Super fund members to face more volatility

The continuing volatility of global share markets is going to be an ongoing concern for super fund members, particularly for those edging retirement, ...Read more

Australians need easy way to manage super

The industry needs to get behind the Productivity Commission’s (PC’s) recommendations and make it easier for Australians to manage their super as ...Read more

Author

Comments

Add new comment