As advisers we often field a range of queries from our valued clients, so we thought to summarise a few of them for your interest that hopefully adds some value.
Interest rates have increased over 4% in the past couple of years following the dramatic inflation spike in the US on 15 June 2022 (9.1%), causing cash flow pain and much uncertainty in certain areas of the market and economy affecting individuals, households and small business. However, a certain asset class has returned to significance and relevance, that is fixed interest. Fixed interest is around 10 times the size of the equity market so is meaningful, although widely misunderstood.
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Topics: market update, investment strategies, diversified portfolio
The Australian term deposit landscape
The size of term deposits in Australia held with Approved Deposit Institutions (ADIs) is around $530bn, with 45% or more held by Australians who are aged 65 years or more (ASIC report 353). The average term deposit invested is around $77,000 and banks are the main providers of term deposits.
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Topics: financial planning, blue chip shares, term deposits, diversified portfolio
