|
 |
|
|
60 seconds with.......
Trevor Bridger
|
|
|
Whether you receive your news by news.com, the newspapers or the TV, you will be aware that it’s been all doom and gloom. In fact many of you have commented sympathetically on how hard it must be dealing with financial planning clients in this climate.
For those of us that still read newspapers, we have been through this before. However if you have entered the workforce in the last 17 years you will have not experienced what we are going through now.
This is part of the normal investment cycle, only this time the majority of clients are better informed and more accepting of the cyclical decline that is occurring in asset values.
However this does not stop the pain for those who have or will lose their jobs, their businesses and/or their savings.
Certainly recovery will not be quick but on the other hand it will inevitably occur.
Our predictions are:
• Pressure to reduce debt levels both at household and business levels will mean that the economic downturn could drag into 2010.
• As far as investments are concerned, further downside in shares and credit is possible in the first half of 2009, but both could end the year stronger then now. Remember the share market anticipates an economic recovery by six to 12 months.
• While listed property may recover later in the year once capital raisings are finished, unlisted commercial property values and house prices are likely to remain under pressure from slowing rental growth and forced selling. A recovery in property markets is therefore likely to be later.
Those that retain their jobs, have low or no debt and have time to go until retirement are in a good position to weather the storm and even gain an advantage. History tells us the best opportunities for long term investors is when fear is high and confidence is low. Others not as fortunate need to seek advice now.
There are some key lessons to come from 2008 including:
• Investments cycles are alive and well
• Higher returns come with higher risk
• The role of sentiment can never be ignored
• Be wary of gearing and financial engineering
• The importance of diversification between fixed interest, property and shares
We are increasing our staff number’s to meet an expected increase in people seeking individual advice from a needs based professional organisation. BDO Kendalls Financial Planning is therefore positioned to help people whether they are in a fortunate position or otherwise.
Trevor Bridger
Managing Director, Financial Planning
|
|
|
|
What's your passion?
Michelle Curtis
|
My passions may well be simple, but I believe it’s the simple pleasures in life that can truly be the most fulfilling.
Read more | |
|
Meet the Graduates!
|
A new year has begun and with that arrives a new wave of fresh faced graduates, interns & undergraduates! With all twenty commencing their roles at BDO Kendalls this week, the team at BInformed will be profiling a new person every week so when you see them in the hall you can give them a friendly BDOK hello! This week we feature Lisa Salotti.
Read more | |
It has already been a very busy year for the BWell committee!
Read more | |
|
Horizon Project Update
|
Horizon project take off was Wednesday 4 February, and is on course for completion on 28 February.
Read more | |
Refer a friend
|
All vacant positions will be listed weekly....
Read more | |
 |
 |
 |
| |
 |
|
Ben Deverson
To quote General Eric Shinseki, former United States Army Chief of Staff...
Read more | | |  |
|
The Social Club presents........
Ghost Town
|
|
The Social Club will be a hosting a movie night for all members! The movie which will be premiered is 'Ghost Town' starring Ricky Gervais & Greg Kinnear.
Read more | |
|
|
 |
|
|
|
 |
|
|
|
This weeks hilarious joke was submitted by Asiani Simpson from our PECS Team.
Read more | | |  | | | |  |
This week our resident Excel guru looks at inserting rows and columns!
Read more
RSPCA Pet of the Week
The RSPCA Pet of the Week is Augustin.
Read more
Last weeks poll results
Last week we asked you what you think about the current economic downturn.....
Read more
|
|
