292 Payneham Road, Payneham SA 5070

(08) 8362 0060

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info@owlfinancial.com.au

December 2015 – Summer Update

December 2015 – Summer Update

December is here and as the temperature rises the countdown to the Christmas break begins. But it appears at least one Australian is determined to ‘chill’. When Reserve Bank governor Glenn Stevens was asked recently about the possibility of an interest rate cut he said: “We’ve got Christmas, we should just chill out …come back … and see what the data says.” The markets took that as a no, for December at least.

The data released in November was certainly mixed. Employment is strong, with unemployment down from 6.2 per cent to 5.9 per cent in October, but wages growth is the slowest in decades. And new business spending on buildings and equipment fell 9.2 per cent in the September quarter, the biggest quarterly fall on record. Expectations of future investment were also down 20 per cent on a year earlier, although up 4.8 per cent on the previous quarter. A strengthening dollar, to around US$0.72, isn’t helping the slow transition to a post-mining boom economy.

The US Federal Reserve is also playing a waiting game with interest rates. Employment and the housing market are strong, raising expectations of the first rate rise in seven years as early as this month. One thing the commentators do agree on is that future rate increases are likely to be gradual. December 2015 – Summer Update

Merry Christmas and a happy and prosperous New Year everyone!



Financial Advisor Adelaide

We are an award winning practice that has been providing financial advice to South Australians since 1969. We really enjoy getting to know our clients and building a relationship with them that lasts over many years. We have a diverse range of clients from mum and dad to AFL players to ASX CEOs. All of which have a diverse range of financial advice needs and very different relationships to maintain. Our clients describe a 'breath of fresh air', personable, expert and people with high integrity. Clients have also mentioned that they are not treated as a number and the advice is specific to them. Working with clients for clients.

Financial Planner Adelaide

The one most rewarding thing about being a financial planner in Adelaide is when you have been working collaboratively with a client in developing and building their goals and objectives and the come to fruition. This give both the clients and myself a real sense of achievement and to use the famous quote 'are we there yet?' and together we can say YES! There has never been a better time to look towards what you want to achieve and start a financial plan so you can get there too.

Financial Planning Adelaide

A person's financial story is like a jigsaw puzzle... "lots of pieces needing to be put into their correct places". A financial adviser can assist a client to put the pieces in the right places by having a series of simple conversations about where a they are currently situated, where they want to be and what strategies can assist them. Every client has a different financial story and goals. Each jigsaw puzzle will always be different. A good financial adviser is experienced at putting together a wide range of jigsaw puzzles. Helping a client put their own puzzle together and seeing their satisfaction is a wonderful feeling.


Barry Phillis, Chris Scriva and Owl Financial Management Pty Ltd are Authorised Representatives of GWM Adviser Services Limited Australian Financial Services Licensee Registered Office at 105-153 Miller Street North Sydney NSW 2060 and a member of the National Australia group of companies.

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