News & Views
Special Market Update
Global markets were sold down aggressively overnight in response to lingering concerns over the European sovereign debt issues and a slower than expected economic recovery in the US. Our market has responded accordingly falling around 4.2% at midday.
We do not take these issues lightly, nor their impact on your investments. However, our job is to remain focused on issues closer to home, that is, your individual strategies, the fundamental strength and security of your assets and the reliability of investment income. These are the factors that will ultimately drive market values and achieve realistic asset values.
Through the GFC period we took affirmative action to replace any non-performing assets with quality assets and generally restructure and rebalance portfolios. We placed a high concentration on regular dividend income and growth recovery potential. These factors remain in place and we are therefore very confident of your security and the future recovery of your portfolio values.
It is important to emphasise that this is broad market devaluation; it is not related directly to any specific issues with your assets or their performance.
We will continue to monitor the situation closely and assure you of our concern for your wellbeing.
At this time we have no reason to take any drastic action and believe your strategy remains valid and effective. We realise that this instability of asset values is of concern, but ultimately true values will be based on financial fundamentals, not market sentiment.
We will keep in touch with you but if you have any specific concerns please call us to discuss.
Posted: 5th August 2011
Written By: John Hewison CEO
Special Market Update
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Young Australians must approach financial fitness like a gym workout, says Hewison Private Wealth
Young Australians must approach financial fitness like a gym workout, says Hewison Private Wealth
Young Australians eager to ‘get rich quick’ may be disappointed to hear that wealth creation can be as tough as achieving washboard abs, but those who attended a Young Investors Wealth Forum, hosted by Hewison Private Wealth, in Melbourne last week were in for a reality check.
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Super strategies to consider for financial year end, Hewison Private Wealth.
Super strategies to consider for financial year end, Hewison Private Wealth.
With one month to go until the end of this financial year, wealthier investors would do well to review their superannuation strategy and maximise their super savings before changes announced in this year’s Federal Budget kick in, Melbourne financial advisory firm, Hewison Private Wealth, has warned.
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Shorten’s ban on asset transfers a gamble for SMSFs
New rules announced within the latest Stronger Super reforms package, banning self-managed super funds (SMSFs) against making in-specie asset transfers, will disadvantage SMSFs and exposes them to greater costs and risks, warns Hewison Private Wealth.
John Hewison, CEO of Hewison Private Wealth, said while the move to introduce MySuper and cut costs for superannuation members has been... -
Market volatility continues as expected but there are some very positive signs coming out of Europe and the US. This should go a long way towards bringing some stability and confidence in global share markets which we expect would have a direct influence on our markets in Australia.
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The Age Money "Where can we put it?"
It is a question that has probably crossed the minds of many people in their mid-life years who have some spare cash. Is it better to put the money towards paying off the mortgage or into superannuation?
The kids may have finished school or one of the partners may have returned to full-time work and there is some spare cash for the first time in years. But the superannuation balance i... -
The Age Money "Step right up and do it yourself"
More people are leaving their large superannuation funds to start self-managed super funds (SMSFs) because they want more control over how their retirement savings are invested.
•A closer look at costs
•'I was overwhelmed by paperwork'
•Cooper: 'No safety net' on SMSF losses
But SMSFs, or ''DIY'' funds, have potential pitfalls, especially for those who are not ... -
Investor Daily "High returns possible in low-interest environment: Hewison"
Investors should aim to diversify their investment strategy to achieve strong returns in a low-interest rate environment, according to Hewison Private Wealth.
Despite low interest rates affecting the net income of cash investors, Hewison has said it is still possible for investors to achieve high returns - if they take a long-term view of their wealth management.
"It's i... -
Invsetor Daily "Comprehensive advice important for SMSFs"
Scaled advice option shouldn't take focus
Self-managed super fund (SMSF) trustees should rely on holistic advice when building their retirement savings, according to Hewison Private Wealth.
While scaled advice options form a core part of upcoming industry reforms, Hewison have said the new provisions should not take the place of more comprehensive advice when it ...
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What is Asset Allocation?
Asset allocation is the percentage allocation of investment funds to the various investment classes, the main ones being –
· Cash
· Real estate property
· Australian shares
· International shares
· Fixed and variable interest
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From the CEOs Desk - 2011 June Issue # 36
It has certainly been a long hard slog for investors with the Australian sharemarket remaining flat despite all the positive economic indicators. We have low unemployment, a booming resource sector, apositive GDP outlook as forecast by the International Monetary Fund and the Reserve Bank. So why isn’t our share market booming? Major global share markets have recovered despite their economies co...
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Are the good times over for property? June issue # 36
Over the past ten years Australians have experienced a residential property super cycle where values have increased considerably over this period. The main drivers of this meteoric rise have been historically low interest rates, low unemployment, government grants for first home buyers and the strongest terms of trade seen in 140 years. The only hiccup during this period was from late 2007 through...
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Economic Update - 2011 June Issue # 36
While many thought that the world markets would recover strongly over 2011 it seems we have been stuck in a rut over the past few months with most investment markets tracking sideways.
While markets are often driven by fear and greed we cannot ignore the underlying economic factors that also serve to drive investment markets on a global scale.