Surviving the Global Recession

It’s been 5 years since the golden economic period ended in 2007, and we have survived, although not necessarily thrived, during this great global recession.  To me it has been a little like watching and old WW11 movie, where after 5 of the 6 years at war the general feeling starts to come upon people who maybe the tough times are only going to last a little bit longer.

So you might be thinking, how much longer can we expect this to go on?  My prediction is that in Europe this might be another 3 to 5 years, in the USA possibly 2 to 3 years and in Australia things are expected to improve a little sooner, possibly in 6 to 18 months. So what should we do now to take advantage of likely improvements in the economy in the near short-term?

Firstly we need to acknowledge that the situation often can get worse before it gets better. So it is expected that there will be short-term hiccups and dare I say it, we will need to be patient for a little longer. Now is the perfect time to look to undervalued investment opportunities which are likely to grow well when the economy picks up.

Shares are a precursor to the economic conditions in 6 to 9 months’ time. The worst of the Global Recession seems to have passed us so it could be argued that opportunity knocks now for the medium to long-term investor. Cash rates are likely to drop further in 2013 to stimulate the broader Australian economy and take pressure off the high $AUD. This should result in helping housing and construction to start up again.  We also expect that this will contribute to growth and inflated residential property values resulting in the return of growing inflation over a 2 to 5 years a period.

Following this, we expect the cycle will start again, of rising interest rates on lending in 2 to 5 years’ time. So the logical thing to do now is to work out your individual goals and objectives, both short and long-term, understand your investment risk profile and adjust your investment and financial strategies for the next 5 to 10 years.  The next step is to get some professional financial planning advice to ensure you minimize the risks and factor in exit strategies and flexibility for unforeseen circumstances, which can impact on your strategies adversely.

– Peter Stewart (CFP, AEPS, FAFA Dip FP Dip Li)

Peter Stewart the Principal of Benchmark Consultants is a Certified Financial Planner. Benchmark Consultants has been accredited as a Professional Practice of the Financial Planning Association (FPA). Benchmark Consultants is a corporate representative #289570 of Australian Financial Services Ltd AFSL#297239

 

Disclaimer: This information by no way constitutes financial advice.  We encourage any reader to seek out professional advice specific to their circumstances from a qualified Financial Planner.

 

If you are seeking Financial Advice from an adviser who runs their own Financial Planning Practice then contact Benchmark Consultants on 92932922 for a complimentary initial meeting to discuss your needs.

http://www.benchmarkconsultants.com.au

Phone: 08 9293 2922

Email: info@benchmarkconsultants.com.au

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Setting the Benchmark for local teachers

 MEDIA RELEASE – 23 January 2013

BENCHMARK AWARDS ACKNOWLEDGE TEACHER COMPASSION AND COMMITMENT WITHIN THE COMMUNITY

Local financial planning business, Benchmark Consultants, recently presented selected teachers from St Bridges College, Kalamunda High School, Swan Christian College, Darling Range Sports College, Carmel Adventist College and Lesmurdie Senior High School with awards recognising their selfless contribution in nurturing children, particularly in raising confidence and increasing self-esteem of struggling students.

Created by the Principal of Benchmark Consultants, Mr Peter Stewart in 2000, the Benchmark Award takes the form of a small sculpture representing the figure of a teacher with arms circling a student displaying encouragement and nurturing. Peter felt that many teachers in local schools went above and beyond the call of duty to provide support for students who are dealing with personal issues and stressful times at school.  Teachers provided the valuable link and positive encouragement required by many students to feel comfortable at school and fit-in with their peers.

Teachers, parents and students are encouraged to submit nominations to their school for selection of the award recipient and each school decides on their own recipient for that year.

Winners of the 2012 Benchmark Award were;

St Brigids College                               – Magdalena Lambie
Swan Christian College                     – Meril Myers
Darling Range Sports College          – Amanda Fleming
Kalamunda Senior High School      – Noelene Clarke
Lesmurdie Senior High School        – Allyson Goodhew
Carmel Adventist College                  – Devin Stafford

photo 11Benchmark Consultants are proud to present this annual award to the special people who support our local children.  All of the Benchmark team live locally and have a genuine interest and involvement in the local community.  This award is one way of demonstrating the ongoing commitment to improving the quality of life within our local community.

Benchmark Consultants are your local financial planners, providing professional investment and wealth creation advice.  Centrally located at Suite 2, Barber House, 16 Mead Street Kalamunda 6076, Benchmark can provide clients with a financial plan tailored specifically to suit their lifestyle and financial goals.

For more information contact Benchmark Consultants on 9293 2922 or email lisa@benchmarkconsultants.com.au or visit our website www.benchmarkconsultants.com.au. Benchmark Consultants are a division of Australian Financial Services Ltd.  AFSL: 297239