Summerhill Financial Services, based in Australia, provides of financial planning services to help build, manage and protect your wealth.
Taken at the Pink Palace at Monaco in September 2004
“Prediction is very difficult, especially if it is about the future.”
So said the Danish physicist Niels Bohr, whose ground-breaking work in quantum mechanics and atomic structure earned him a Nobel Prize in 1922.
The truth contained in Bohr’s cheeky observation is highlighted every year in the prognostications of market economists – but no more so than in 2008. (more…)
The economies
The start of 2009 sees all the big economies – the US, Europe, China – in slowdown mode. This is a flow-on from the ‘credit crunch’ which has made it much harder for companies and individuals to get credit. Consequently this is affecting consumer spending and hurting sharemarkets because consumers aren’t buying at the level expected by companies and so their profit outlook – and their share prices – are falling. (more…)
Given the recent market volatility, we thought we would take the opportunity to remind clients what we do behind the scenes in managing their investment portfolios, and ensuring that each portfolio remains suitable during market periods such as these. (more…)