21 Dec 2017
Warren Buffett’s verdict on bitcoin
- Posted by Dejan Pekic BCom DipFP CFP GAICD
As we come to the end of 2017 which has been a terrific financial year for clients we want to share with you Warren Buffett’s thoughts on investing or more accurately speculating in crypto currency.
‘It will come to a bad ending.’
You have been warned.
18 Dec 2017
A China Anthology: IMF View
- Posted by Dejan Pekic BCom DipFP CFP GAICD
As a follow-on the International Monetary Fund (IMF) has a much shorter half decade economic outlook for this Asian century which actually sees China contracting.
Click to view.
Be patient, keep investing in line with your appetite for risk and look to take advantage when the financial catastrophe presents.
14 Dec 2017
A China Anthology
- Posted by Dejan Pekic BCom DipFP CFP GAICD
The numbers are breathtaking and the business opportunity is undeniable.
Click to read.
The hard part is when will the next economic stumble occur during this Asian century.
Be patient, keep investing in line with your appetite for risk and look to take advantage when the financial catastrophe presents.
8 Dec 2017
Comprehensive Credit Reporting (CCR)
- Posted by Dejan Pekic BCom DipFP CFP GAICD
The Federal Government has made Comprehensive Credit Reporting (CCR) compulsory which means that lenders will have to share all their data about borrowers.
By 1 July 2018 lenders will be required to share 50% of borrowers data which will increase to 100% by 1 July 2019.
In theory, sharing of borrowers data is expected to increase competition and deliver improved pricing for borrowers however CCR also means that borrowers have nowhere to hide.
Borrowers who have impaired credit history and or weak income will likely be put under even more financial stress with higher fees and interest rates.
To find out what lenders can currently access when assessing you as a borrower.
Click for a Free Standard Credit Report.
4 Dec 2017
Market Metrics: Dow Jones Industrial Average (DJIA)
- Posted by Dejan Pekic BCom DipFP CFP GAICD
The DJIA bottomed out at 6,547 in 2009 after having reached an all-time high close of 14,164 on the 9th October 2007.
- On the 25th January 2017 the DJIA closed over 20,000 points to reach an all-time high 20,068 points.
- On the 1st March 2017 the DJIA closed over 21,000 points to reach an all-time high 21,115 points.
- On the 11th September 2017 the DJIA closed over 22,000 points to reach an all-time high 22,057 points.
- On the 18th October 2017 the DJIA closed over 23,000 point to reach an all-time high 23,157 points.
- On the 30th November 2017 the DJIA closed over 24,000 point to reach an all-time high 24,272 points.
This recent trend of 1,000 point rise per month is getting ridiculous and the question now is how much longer can the US bull market run before it busts?
Interestingly the price to earnings ratio across all globally listed companies is high but not as stretched as the run up to the 2008 Global Financial Crisis or the run up to the 2000 DotCom Bubble (see attached).
