Diversified Financial Planners News
Home equity - the $500 billion resource for seniors
Reverse mortgages are an option for asset-rich, cash-poor seniors to boost their cash flow in retirement, but there are downsides.
It's been a good year for investors
The end of financial year is with us, and if we take a look at how some of the major asset classes have performed, it turns out the last 12 monthshave been pretty good for investors.
The Australian economy hits another rough patch - implications for investors
Growth slows again
Despite numerous forecasts for an “unavoidable” recession following the end of the mining boom early this decade, the Australian economy has continued to defy the doomsters and keep growing. However, recently it seems to have hit a bit of a rough patch. After contracting in the September quarter, the economy bounced back in the December quarter only to falter again in the March quarter. While there was relief that we didn’t see another contraction, as had been feared, and the economy has now had 103 quarters without a recession, it would be wrong to get too excited. March quarter growth was just 0.3% quarter on quarter and annual growth slowed to 1.7% year on year, its slowest since the global financial crisis (GFC).