Weekly Strategy Note 15/01/2024

What do you have planned for 2024?

2024 has given us the gift of another 365 blank pages. Will this year be the year to tick off one, or more of your ‘bucket list’ items; a fresh start or new venture; or simply finding the time to do more of the things you already enjoy doing.

What may seem like a long way away now, often sneaks up on us – its nearly the end of January - so it is important to start the planning process early. After all nothing that you really want is easy, so planning and focus is essential if you want to achieve your goals.

The key to realising your goals in 2024 is to make them specific, write them down, tell as many people as you can and store them in a place that can be visible every day, like the fridge for example.

Some common financial goals are saving for a holiday (for when borders re open), moving to your dream home, changing jobs, working out whether you are on track to reach financial independence, reviewing your wealth protection plan, starting an education fund, consolidating your super funds, or sorting out your Wills.

Investment market highlights from 2023

After a very poor year in 2022 – the worst since the Global Financial Crisis in 2008 – 2023 ended very strongly with circa half the annual performance delivered in the final quarter.
High interest rates and inflation continue to dominate headlines.
Cash looked much more attractive on a risk adjusted basis and term deposits reached 5%.
The AUD had a late surge against the USD.
The Multi Sector Peer Universe Median underperformed the index for 2023 - see below.

2024 Global Market Outlook

Russell Investments is the 3rd largest Investment Manager in the world with circa USD$430 billion under management.

Andrew Pease is the Head of Global Investment Strategy at Russell Investments, and he shares his views on the outlook for 2024. Key topics of interest include:

The twilight zone – recession risk in US and Europe.
The return of the 60/40 portfolio – the importance of diversification.
The end of expansionary fiscal policy.
Regional snapshots
Asset class preferences

Please click here to read the full report or here to watch the 5 minute video.

Latest Key Economic Indicators from the Reserve Bank of Australia – 4 January 2024.

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WEEKLY STRATEGY NOTE

We have been with Coastline since August 2014, following a recommendation from friends. We have since recommended both family and friends to the Coastline team. Our association with Alastair and Joel has been totally positive and we feel so much more confident and comfortable with our financial situation. After encouragement from Alastair, we have also brought our estate planning up to date. We would not hesitate to continue to recommend Coastline Private Wealth to anyone looking for sound financial advice.

Graham & Ros

The team at Coastline have assisted us to understand and drive our financial, insurance and estate management.

Mark & Bev

Relevant advice delivered by a knowledgeable team.

Phil & Mary

We have worked with Coastline PW for a number of years now and during that time they have proven to have our best interests at heart. I have confidently recommended their services to a number of colleagues who now also are using Coastlines services. Thanks Joel and Alastair - we feel happy to have our financial affairs in good order.

Ray & Nola

Coastline Private Wealth have significantly assisted us to put our finances and transition to retirement plans firmly in place. The team approach has meant that as well as saving and planning for our future we are also ensuring that we enjoy the now too. Alastair gives us evidence based advice that gives us all the facts so we can make informed decisions together. Thank you.

Ken & Chris

I love having a team, who are ahead of the curve, looking after my future. It's a great team that I trust and enjoy being in partnership with. Many thanks Coastline Private Wealth.

Roshan & Lorren

Alastair and the team have a rare combination of great technical skills, superb customer service and interest in the people they provide services to. Our affairs are significantly more ordered as a result of their input. They create clarity and confidence. Alastair always does exactly what he says he will do promptly, which gives piece of mind that no loose ends exist. Thanks Team.

Mike & Donna

Since engaging Coastline Private Wealth to manage my financial affairs I have attained complete peace of mind about the management of my portfolio and the ongoing personalised advice given to me on a regular basis.. On the basis of results alone, I would have no hesitation in recommending the services of Coastline Private Wealth.

Bill

Alastair and his wealth creation team add value to every conversation and genuinely care about our financial future ...we trust Coastline to take care of our financial wellbeing.

Leonie & David

The staff at Coastline Private Wealth provide a very high level of expert service that is rare these days. I know that I can trust their guidance and rely on their support when it comes to managing my financial future, which gives me great peace of mind.

Andrew

We have been with Coastline Private Wealth (CPW) since 2012, with Alastair and Joel guiding us through some very challenging times. We are in a great financial position because of the interest and care they have taken throughout our time with them. We would highly recommend CPW to anyone.

Matt & Kylie

Best thing I ever did was to ask Coastline to help us with our wealth planning, they have a great depth of knowledge and communicate in a way that is easy to understand.

Grant

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