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
November was a choppy month, with sharp swings driven by shifting interest-rate expectations and mixed global data. U.S. policymakers signalled they may begin easing rates, while China continued to soften and Japan moved ahead with major fiscal stimulus. In Australia, persistent inflation and softer bank earnings kept local markets under pressure, and several high-quality companies experienced temporary share-price weakness despite solid business fundamentals.
Overall, the month was driven more by short-term sentiment than by changes in the underlying health of the businesses we own. We remain focused on long-term quality and positioning the portfolio to benefit as global conditions stabilise into 2026.
Short Term Portfolio
The Short SMA returned 0.14% in November, a steady outcome in a month where fixed income markets faced renewed uncertainty.
Global bond markets were shaped by diverging policy signals. The US Federal Reserve’s rate cut was paired with a hawkish tone, tempering expectations for further easing and lifting US yields slightly. In Australia, the RBA held rates at 3.60% as inflation remained stubbornly above target, reducing the likelihood of near-term cuts and prompting some market participants to price in potential future hikes.
Through these conditions, the Short SMA maintained its disciplined positioning. In an environment of mixed signals and persistent inflation pressures, the strategy remains focused on its core objective: managing risk and delivering dependable results.
Micro Cap Report
Heightened volatility in November reflected profit-taking in growth stocks as US rate expectations shifted. This was followed by domestic expectations balancing sticky inflation with shifting Reserve Bank dialogue. Time will tell as to whether this is a narrative shift or a fundamental break from prevailing conditions. Presently domestic and global conditions remaining supportive of innovative companies delivering earnings growth.
The portfolio is structured to support managers that are investing in companies with strong balance sheets, good underlying cash generation and strong growth prospects in the current market.
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.