Welcome to your personal Client Portfolio where we present information and analysis for a clearer understanding of financial matters with the objective of more efficiently assisting in the management of financial affairs
“The more engaged you are with your retirement savings, the better results you will generally achieve,” SMSF President, Burgess says.
This valuation changes on the day following each ASX trading day and is usually available after 8:00 a.m.
We are only providing an overview at present but future updates to the Portal will have a link to sight each ASX holding in your Portfolio
Until now our primary focus has been to gather date and produce Financial Statements for compliance with regulations.
Craig in particular has available reams of information to assist him, assisting you. This Portal changes this focus for the purposes outlined above
What is too much information? What is too little information ?
We don't want to inundate you with data. Please feel free to comment and request additional information.
We write to provide an update on FY25 year to date for the 2 months ending August 2024.
We are delighted with performance generated building on from the strong gains in FY23 and FY24
We remain focused on delivering long term returns with the aim of generating capital returns ahead of inflation and franked dividends.
On the economic front, inflation remains 'sticky' but the RBA appears to be on hold after an aggressive tightening cycle taking the cash rate from 0.1% to 4.35%.
Economic growth is slowing and there is a possibility that cash rates have peaked.
ASX listed hybrids form an important part of portfolio construction - they pay quarterly distributions with payments due in September - they also reduce volatility in returns.
Banks paid dividends in July.
We have just concluded a very busy Company Reporting Season - some observations:
Banks reiterated their strong capital positions - important for ASX Hybrids
Non Banks have announced dividends and these will be paid in September/October.
- WOW announced a special dividend
- WES dividend over $1.
- ORG remains our top pick for dividends in Blue Chips paying two 27.5 cent fully franked dividends annually
- PPS announced a 1 cent fully franked dividend and is our top pick at the smaller cap part of the market.
We attach reports for your consideration showing stock attribution for the recent 2 months
Overall performance is good. However, the dichotomy is stark. Banks & Retailers have outperformed. Resources have underperformed.
We would be delighted to discuss with you the opportunity to consider re balancing your portfolio and switching from recent outperformers to undeperformers - indeed, a portfolio review suggests that the weighting of outperformers like MQG and WES has seen overweight positions generated based on relative performance.
Dividends pending.
A "Yes Minister" could be written on what we have endured in the past year or so.
For reasons I cannot fathom we have been forced to apply for a Variation to our License conditions.
To you our clients it is academic and the reality is our business model has not changed to any significant degree.
You will notice on this and most correspondence a Disclaimer that any advice is of a general nature, not PERSONAL. We are no longer licensed to provide PERSONAL advice, not that we ever did anyway, so why all the drama ?
Anyhow, as part of the Variation process we are required to advise clients of these changes ....
So. Please consider yourselves advised .... How silly is this ?
A rouge Finalcial Advisory firm, caught out in the Hayne Royal Commission , went bust losing several millions of client funds. The client base of this firm was mainly public servants who obviouly have the ear of their political masters.
The result ?