As we begin to emerge from the holiday period and as we wrap up another decade and embark on another; it feels like it’s gone by in the blink of an eye. What were your goals for the last ten years? Did you achieve them?
Welcome to the new decade. And in the financial services world, a decade of massive change that will finally see the establishment of a distinct and separate profession in Financial Planning, unprecedented structural change and a new paradigm of trust and reliability of advice for the Australian consumer.
While some politically sensitive souls may be offended by my headline; the truth is Donald Trump may have just provided the news the share market needed to surge higher over Christmas.
Whilst it is the holiday season, and thinking about your 2020 financial goals is probably at the bottom of your priority list, there is no better time to do it than now. The year has gone by in a blink of an eye and we will be welcoming a brand new year in only three weeks’ time.
On December 3rd and 4thwe witnessed the ASX 200 fall by 4%, or $76.8b, collectively. Historically, we’d expect such a sharp fall to result from a negative shift in economic, market or sector fundamentals, but not anymore.