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Friday Tidbit

• Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner

We thought we would share some good macroeconomic numbers.

• Amazingly, Australia remains as the 11th global powerhouse in terms of GDP (Gross Domestic Product).
• Globally, the probability of a recession remains low with United States only at 35% likelihood.
• Globally, unemployment remains largely under control with only Spain and France on the high side.
• Australia’s PMI (Purchasing Managers Index) number is in the top right hand corner which is expansionary.

Click for charts.

Does this mean that it is all sunshine and lollypops for asset prices?

Absolutely not!

Trump is in power and Wars are still raging so we wait patiently.

Benjamin Graham’s Value Investing Principles teach us to remain invested according to our appetite for volatility and when fear and panic next take hold, react by buying more quality assets at discounted prices.

Our business is based on referrals, so if you have family, friends or colleagues that want advice please ask them to contact us.

At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.