Perth investment news – April 2024
Welcome to the March 2024 Investment news.
Markets had a strong start to 2024, led earlier in the quarter by optimism over interest rate cuts and supported by a good business earnings season and resilient economic fundamentals. However, this optimism is being challenged with recently announced US inflation numbers higher than expected. This is reducing the potential size of interest rate cuts and delaying the timing of when US central bank is likely to act.
On the legislative front, the Government’s ‘Stage 3’ tax cuts will take effect on 1 July 2024 which will benefit all taxpayers, especially lower income earners. This will not only ease some of the cost of living pressures for many households but is also expected to provide a boost to the economy.
July 1 2024 will see the indexation of superannuation contribution limits. Specifically, the concessional contribution cap increases from $27,500 to $30,000 while the non-concessional cap moves from $110,000 to $120,000.
This newsletter (below) is provided by Pitcher Partner Investment Services Pty Ltd (PPIS) a separate business based out of Melbourne.
Investment Markets in Review – Q1 2024
Economic conditions held up relatively well over the quarter, especially labour markets where unemployment rates remain at or near historical lows in many key regions.
Time to Concentrate on Concentration
While concentration risks are nothing new to those who invest in Australian equities, concentration levels are elevated or building across a number of key asset classes.
India – a long term structural growth story
Is India on track to become the world’s third-largest economy and stock market within the next 10 years? We deep dive into the data to find out.
This website page is published by Pitcher Partners Wealth (WA) Pty Ltd (ABN 74 630 996 664). Simon Montgomery (458 415), Robert Prince (454 781), Leanne Martinez (1003829), Peter Monnock (319032), Christian Golding (248 906) and Pitcher Partners Wealth WA Pty Ltd (1274651) are authorised representatives of Sentry Advice Pty Ltd (ABN 77 103 642 888), AFSL 227748.The information contained in this website and any of the resources available through it including eBooks, fact sheets and seminars (‘Content’) has been prepared for general information purposes only and is not (and cannot be construed or relied upon as) personal advice. No investment objectives, financial circumstances or needs of any individual have been taken into consideration in the preparation of the Content. Financial products entail risk of loss, may rise and fall, and are impacted by a range of market and economic factors, and you should always obtain professional advice to ensure trading or investing in such products is suitable for your circumstances.Under no circumstances will any of Pitcher Partners Wealth WA Pty Ltd, Sentry Advice Pty Ltd, its officers, representatives, associates or agents be liable for any loss or damage, whether direct, incidental or consequential, caused by reliance on or use of the Content. This Content is restricted to Australian residents and is for the intended recipient only. From time to time, Simon Montgomery, Robert Prince, Leanne Martinez, Peter Monnock, Christian Golding and Pitcher Partners Wealth WA Pty Ltd representatives or associates may hold interests in or transact in companies or products mentioned herein, and may receive fees or other benefits, in connection with the making of any recommendation or facilitating a transaction in such companies or products
