292 Payneham Road, Payneham SA 5070

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November 2018 Update

November 2018 Update

It’s November and, as always, the month gets underway with the race that stops the nation. The Melbourne Cup is also the signal that summer, Christmas and the holiday season are just down the track.

October was an anxious month for investors as global share markets followed Wall Street’s wobble before steadying in the final days. The S&P 500 Index fell 7 per cent in October while the ASX 200 fell more than 5 per cent. There was no major reason for the falls. The US economy grew at an annual rate of 3.5 per cent in the third quarter and corporate earnings are strong. But there are ongoing concerns about the US-China trade war and rising US interest rates.

The Australian dollar finished the month 1.6 per cent lower at around US71c. This is good for trade, as is the 10 per cent rise in the iron ore price in October to US$76.50 a tonne. Local unemployment fell to a six-year low of 5 per cent in September, while inflation fell below 2 per cent. The September quarter Consumer Price Index rose just 0.4 per cent for an annual rate of 1.9 cent, down from 2.1 per cent in June. Prices of accommodation, tobacco, property rates and petrol bucked the downward trend. The national average price of unleaded fuel recently hit 160.6c a litre, the highest in a decade. But relief for motorists could be in sight as the price of Brent Crude oil fell 11 per cent in October to US$75.57 a barrel. Consumer sentiment fluctuated, with the ANZ-Roy Morgan consumer confidence rating dipping 6 per cent mid-month before rebounding to 114.6, above the long-term average.

Read more from our November 2018 update here:

Contact us on 0883620060 to discuss your existing financial plan

Owl Financial Management (OwlFM) is an Adelaide based Financial Planner that has clients all over Australia.

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.

GENERAL ADVICE WARNING: The advice on this site may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information.

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