Phew - what a year!
For all of the team here at Active Financial Services it has been an extremely busy year. We've introduced new computer software, and office systems and processes - which we expect will flow on to you in terms of improved reporting and services. We have also added to our staffing levels, and have welcomed many new clients through referrals from our existing clients and our business associates. We continue to be heartened by the number of clients who have shown their faith in us, to see that our philosophy of treating clients the way we'd like to be treated, and seeing that many of the business practices we introduced are likely to become standard industry practice over the next couple of years.
For our clients it's been a roller coaster ride with the markets peaking in April, nose diving in July and not quite back to the peak in December. Overall, 2010 has been somewhat disappointing with a continuing economic recovery but various macro scares have resulted in a constrained and volatile ride for share markets and other related investments.
Generally speaking we expect to see global growth continue albeit slowly in 2011. Emerging markets will probably be affected by tighter monetary conditions resulting in steadier returns, with Asia and emerging markets expected to remain the top performers, albeit at a slower rate than 2010. Australia's solid but two speed economic growth is likely to be around 3.5%. Australian housing prices are likely to flatten due to poor affordability and the threat of more interest rate hikes, and recurring sovereign debt crises in Europe, another bout of US house price weakness, and rising inflation are seen as the main risks in 2011.
Regardless of what's happening in the market place, we continue to closely monitor the markets, review potential risks, consider potential changes to economic markets, growth industries and market sectors to determine as best we can what is best for our clients in these uncertain times. Where necessary, we will continue to recommend changes, both to investments and strategies, with the continuing view to maximise your situation.
As the year draws to a close, Andrew is heading off for a well deserved break with his lovely wife to ‘sunny' Scotland and will be away from the 20th of December to late January, our office staff will be spending time with their families and Aileen will be available should any of you have any questions or matters that need attention over the Christmas break (Aileen will also be in contact with Andrew whilst he is away).
The office will be closed from 22 December through until 10 January. During this period you can still reach us on 9474 2255, and if your call is missed, please leave your name and a contact number and Aileen will call you back as soon as she can.
Active Financial Services
Active Financial Services