At Forrest Private Wealth, our investment philosophy underpins our financial planning advice, which ensures our client’s wealth benefits from long-term exposure to equity markets. We believe holding a well-diversified portfolio of predominantly dividend-paying businesses over a long-term period is essential in financial planning for wealth accumulation and, ultimately, retirement planning.
By following our retirement planning process, a Forrest Private Wealth financial planner stays true to their investment advice, ignoring the noise and pressures of the market to provide their clients with a stress-free retirement. At Forrest Private Wealth, our financial planners capitalise on an investment philosophy that provides predictable income streams from equity markets, setting clients up for their desired retirement.
Long Term Portfolio
Despite some short-term fluctuations, October was a soft but positive month for the Long portfolio, with steady gains supported by easing inflation pressures and a more stable interest rate outlook. Corporate earnings remain resilient despite ongoing geopolitical tensions, reflecting a cautiously optimistic market environment.
Focusing on high-quality investments remains our priority, and we are confident in the long-term strategy underpinning your investments. As always, our focus is on protecting and growing your wealth, ensuring your portfolio remains well-positioned for the future.
Short Term Portfolio
October saw markets moving cautiously ahead of big political and economic events in November. In Australia, the Reserve Bank (RBA) kept interest rates on hold, balancing steady progress on inflation against slower economic growth. Globally, bond markets softened as stronger US job data pushed yields higher. The Australian Dollar also weakened, pressured by a stronger US Dollar and interest rate cuts in China.
In the US, share markets rose during October, fuelled by optimism, but this slowed toward the end of the month as tech company earnings came in mixed. Overall, markets stayed alert to changing economic signals and what they might mean for interest rates and investments.
Early November brought a strong market reaction to Donald Trump’s re-election as US President, along with a Republican majority in Congress. US share values took off before easing off and the US Federal Reserve cut interest rates by 0.25%, citing stronger-than-expected economic growth.
Looking ahead, we’re keeping a close eye on how these developments may affect markets and interest rates. As always, we’re ready to adjust your portfolio to help keep it aligned with your goals.
Micro Cap Portfolio
The market was dominated by the lead up to the US election. Domestically, Interest rate cut expectations continued to be pushed out on stronger economic data. Globally, the prospect of a Trump victory lead to fears of a return to an inflationary environment impacting bond markets.
Looking ahead we are expecting to see change under the Trump administration and will look to adjust the portfolio accordingly to ensure we remain well positioned to benefit from any change.
Forrest Private Wealth’s discipline in providing financial planning, retirement planning, and wealth management services to its clients allows our clients to benefit from years of experience providing financial advice through major impacts to equity markets where staying the course has helped them.
Forrest Private Wealth has a dedicated team of financial planners and support staff providing clients with peace of mind in working towards and achieving their life goals.