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Global Financial Update
Perspective is everything!
A Presentation to the
Association of Independent Retirees, Tamworth
16th April 2013
Raymond Griffin MBA (Exec) Dip FS GAICD
Director: Baiocchi Griffin Private Wealth AFSL 424658
Slide 2
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340
AFSL No. 424658
This presentation and the associated discussion is
general in nature and does not take your individual
situation into account. You should not act on
anything contained herein, or discussed as a
consequence of the contents of this document, without
receiving personal financial advice from a suitably
qualified person such as a financial advisor.
General Advice Warning
Slide 3
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340
AFSL No. 424658
What will be covered?
Global Economic Issues
&
Australia’s Current Economic Environment
Slide 4
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340
AFSL No. 424658
Soaring Government Debt?
Slide 5
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340
AFSL No. 424658
How low can rates go?
Slide 6
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340
AFSL No. 424658
Central Banks to the Rescue!
Slide 7
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340
AFSL No. 424658
Currency Wars?
Australian Dollar against US
Dollar, Euro and Yen
Slide 8
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340
AFSL No. 424658
Global Stock Market Rally
Slide 9
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340
AFSL No. 424658
Cyprus! Why did it happen?
Slide 10
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340
AFSL No. 424658
Australian Share Market
Slide 11
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340
AFSL No. 424658
Australian Economic Environment
Slide 12
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340
AFSL No. 424658
Australian Economic Environment
(cont’d)
Slide 13
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340
AFSL No. 424658
Baiocchi Griffin Private Wealth
‘House View’
“We believe that the global economic environment remains in a state of caution with
sovereign debt issues, high unemployment rates (excl. Australia) and sparse GDP growth
across developed nations continuing to weigh on sentiment across financial markets.
Although there are positive signs emerging from the United States and its economy, we
believe that the world will continue to experience an environment which is less conducive
to growth for some years to come.
From an investment perspective, we believe the Australian share market is fairly valued -
it is neither overpriced or cheap.
.
The current low interest rate environment looks set to continue for quite some time and
this suggests that investors - who have been heavily reliant on income from interest
bearing investments - need to cautiously re-weight their portfolios to include some
exposure to high quality companies (with strong, reliable, dividend records) along with
property and infrastructure securities.”
Slide 14
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340
AFSL No. 424658
Thank you
Questions
?

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Global Financial Update for Retirees

  • 1. Slide 1 Global Financial Update Perspective is everything! A Presentation to the Association of Independent Retirees, Tamworth 16th April 2013 Raymond Griffin MBA (Exec) Dip FS GAICD Director: Baiocchi Griffin Private Wealth AFSL 424658
  • 2. Slide 2 Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658 This presentation and the associated discussion is general in nature and does not take your individual situation into account. You should not act on anything contained herein, or discussed as a consequence of the contents of this document, without receiving personal financial advice from a suitably qualified person such as a financial advisor. General Advice Warning
  • 3. Slide 3 Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658 What will be covered? Global Economic Issues & Australia’s Current Economic Environment
  • 4. Slide 4 Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658 Soaring Government Debt?
  • 5. Slide 5 Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658 How low can rates go?
  • 6. Slide 6 Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658 Central Banks to the Rescue!
  • 7. Slide 7 Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658 Currency Wars? Australian Dollar against US Dollar, Euro and Yen
  • 8. Slide 8 Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658 Global Stock Market Rally
  • 9. Slide 9 Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658 Cyprus! Why did it happen?
  • 10. Slide 10 Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658 Australian Share Market
  • 11. Slide 11 Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658 Australian Economic Environment
  • 12. Slide 12 Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658 Australian Economic Environment (cont’d)
  • 13. Slide 13 Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658 Baiocchi Griffin Private Wealth ‘House View’ “We believe that the global economic environment remains in a state of caution with sovereign debt issues, high unemployment rates (excl. Australia) and sparse GDP growth across developed nations continuing to weigh on sentiment across financial markets. Although there are positive signs emerging from the United States and its economy, we believe that the world will continue to experience an environment which is less conducive to growth for some years to come. From an investment perspective, we believe the Australian share market is fairly valued - it is neither overpriced or cheap. . The current low interest rate environment looks set to continue for quite some time and this suggests that investors - who have been heavily reliant on income from interest bearing investments - need to cautiously re-weight their portfolios to include some exposure to high quality companies (with strong, reliable, dividend records) along with property and infrastructure securities.”
  • 14. Slide 14 Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658 Thank you Questions ?