292 Payneham Road, Payneham SA 5070

(08) 8362 0060

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February 2019 Update

February 2019 Update

February is here and hopefully an end to January’s record-breaking heat across the country. There has also been a lot of heat on the global economic stage. The US shutdown may have ended but the trade war between the US and China continues.

There are also further signs the global economy is weakening. The World Bank predicts growth of 2.9 per cent in 2019, down from 3.0 per cent last year and 3.1 per cent in 2017. China’s economic growth slowed to 6.6 per cent in 2018, the lowest in 28 years but still a remarkably strong compared with developed economies.

In Australia, easing inflation also points to a slowing domestic economy. The Consumer Price Index (CPI) – the main inflation gauge – rose 0.5 per cent in the December quarter but eased from 1.9 per cent to 1.8 per cent on an annual basis. One of the major price falls was petrol, down 2.5 per cent over the quarter. According to the Australian Institute of Petroleum, the national average price for unleaded fuel fell 10.7 per cent in 2018, although it crept up to six-week highs of $131.8c a litre in January. Despite lower prices, consumers and business remain cautious. The Westpac/Melbourne Institute survey of consumer sentiment fell 4.7 per cent in January to 99.6 points, a 16-month low. The NAB Business Confidence index also dipped in December, from 3.4 points to a 3-year low of 2.8 points. Unemployment fell from 5.1 per cent to 5.0 per cent in December. The Aussie dollar jumped on the final day of the month to close at US72.7c, up from a January low of US68.7c.

Read more from our February 2019 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.

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