Affluence - Investment Outlook
Markets don't like uncertainty, so they fell in the March Quarter. At Affluence, we love uncertainty. It makes things much cheaper than they ought to be. We like commodities, Australian stocks and quality non-residential property. Our big 4 banks look cheap, but we suspect they might get cheaper. We think bonds, US stocks and residential property are expensive. There remains significant risk in world financial markets. That is a dangerous position to be in and a major risk for us all. Luckily for us in Australia, we have possibly the world’s most sensible Central Bank governor in Glenn Stevens. We expect the Australian stock market will continue to fluctuate between slightly undervalued and slightly overvalued in the near-term. In that case, we will continue to do what we have done since the beginning. We make small additions to the portfolio on the days, weeks or months when the market is feeling down. And we remain patient at other times. We suggest you try to do the same. (VIEW LINK)
Daryl has over 25 years’ experience in finance and investing. He formed Affluence to provide investors with regular income and long-term capital growth by investing with some of the best fund managers available in Australia.