NEWSLETTER JUNE 08
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NEWSLETTER JUNE 08 |
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Latest Monthly Updates on all Funds Prime Value Imputation Fund Update Prime Value Growth Fund Update Opis Capital Dynamic Fund Update |
Dear ,
Last night a tarot card reader told me that the death card was positive. He said it means rebirth, a signal that things will change, hopefully for the better and definitely for good. (Incidentally they also say that about birds pooping on your head). Have the markets played the death card? Are we about to see the positive change? Should we be listening to gypsies and witch-doctors? Probably not. So instead this month’s BDM Direct newsletter is bringing you the thoughts of some industry leaders to reinvigorate your thinking for the new financial year:
Anissa Cavallo Managing Director
HAPPY NEW YEAR from PRIME VALUES'S There will be many investors and advisers hoping that the “wiping the slate clean” approach that we try to take with our personal lives can somehow apply to financial markets, and that we can try and “do better” this year. In some ways, perhaps we can.
If we were to apply the standard personal New Year’s resolutions to our investing behaviour, what would they be? We have been going on for quite some time about “minimising mistakes”. It is our key investment philosophy and works a bit like golf (or so I’m told – my knowledge of golf is somewhat limited to the “mini” version). If you forget about trying to be a hero and hitting the perfect shot of the day, and instead plod along and avoid the costly mistakes, at the end of the day you will have a better score. With investing it translates to this. Don’t try to pick the best performing stocks. Sounds a bit strange, I know! (to read more CLICK HERE)
ALAN KOHLER'S QUARTERLY OUTLOOK 
One way or another Australia’s economic growth is going to fall sufficiently for unemployment to do what it has done in the United States – rise to 5.5 per cent. That means growth must be below 2 per cent for 12 months or more. That slowdown looks to be happening already, but that doesn’t matter: we know it is definitely going to happen because either the rise in petrol prices produce a big drop of consumer spending, or because the Reserve Bank will make sure that happens by raising interest rates some more. No one wants to say it out loud, but the unemployment rate is going to rise because the Reserve Bank is determined to ensure that it does. Maybe petrol prices will do its work for it, maybe not. Whatever – domestic-based earnings are going to come under pressure as a result. (to read more CLICK HERE) For your exclusive 1 month free trial of the Eureka Report as a BDM recipient please CLICK HERE
WHAT’S YOUR NEW FINANCIAL YEAR RESOLUTION? Our expert’s thoughts might help… To read the full article CLICK HERE
“ASIC have recently restructured and created 18 new task forces – 12 of these will be market focused and one will be dedicated to financial planning.” ASIC are keen to build a stronger link to the planning industry and hope that this initiative will bridge the gap between the regulators and the practitioners. “We are keen to see what unfolds as a result of this initiative and hope to see an improvement in our relationship with the watchdog.”
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Above is BDM Direct's very own Andrew Fenton on last year's China tour, for information on this year's tour click on the link below. |
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performing Australian Equity Managers. Prime Value is No. 1 over 3, 5 and 7 years over 12 months - No. 4 Morningstar Rankings.
Fiona Clark
Jim Stackpool, a king of resurrecting businesses particularly in the financial services arena, advises planners to plan plan plan. “All businesses large or small need governance, someone to help them strategically with the big picture.” Jim has seen many excellent advisers fail because they haven’t sought professional help “how do they know their big decisions are the best ones, who’s advising the advisers?” 
FPA’s Julie Berry has had a tough year resurrecting the planning community’s identity. She is looking forward to a year of positive branding, and stronger relationships with the industry administrators. .jpg)
Shane Kelly, managing director of Adviser Edge, says that the Australian tropical forestry sector looks likely to be the big winner from tax changes taking effect on 1 July 2008. "With the non-forestry MIS' future now in the hands of the courts, there is a very large gap appearing in the investment market that is likely to be filled by tropical forestry projects across WA, NT and Qld. Species such as Indian Sandalwood, Teak, and African mahogany will gain much greater exposure, as will some of the native hardwood species that are starting to attract the attention of the MIS companies." 
