Have you wondered what all the talk about QE means? There is an excellent article by Dr Shane Oliver (AMP Capital) which explains low interest rates, QE and possible Government policy. It affects savers, borrowers and our superannuation funds.
Low interest rates seem set to continue for some years. This supports growth in businesses, which is flowing through to share markets. However, the risk for some retirees is that they chase higher returns and end up with a portfolio that is riskier than they would normally choose. As sure as night follows day, share market corrections follow rises. Taking an appropriate amount of risk means being prepared for the expected amount of the next fall and not wanting to sell out of the assets when that fall arrives.
We keep focused on the Aged Care Royal Commission and theĀ Report to be delivered by October 31. There are many stories of great results for residents in Aged Care. However, every system can be improved, and greater staffing levels of qualified, well paid carers is is very important.
Wishing you a good month ahead.
Tom, Maria, Veronica and Kerrie
at Financial Springs
