Edition No. 134 | 19 May 2020

Loomis Financial May Newsletter

We hope you're staying safe and well.

At present we continue to have the Office doors closed and our best contact is via the phone. We are continuing to conduct client appointments via the phone and when your annual review is due you will receive your client questionnaire, risk profile questionnaire and a cover letter listing the information we request to assist with our recommendations.

There will also be a stamped addressed envelope for you to return the completed questionnaires and additional information. Once we receive the completed questionnaires we will contact you to organise a time for your review.

In the meantime if you have any questions please call our office and speak to either Tim or Emily.

Smart super strategies for this EOFY

Want to help boost your retirement savings while potentially saving on tax? Here are five smart super strategies to consider before the end of the financial year.

Why Coronavirus has more impact on some super investments

Understanding how super is invested may help to explain why events like Coronavirus impact account balances, if at all.

Managing the impact of volatile markets on your retirement savings

For retirees, satisfying your income needs today remains a top priority. But equally as important are your income needs for the future.

How different investment types play a role in market volatility

Understanding what the different types of investments are, and how they work, can help to explain why events like Coronavirus, may be impacting some peoples’ investment portfolios and super more than others.

In this article, we’ll break down what constitutes a growth verses defensive asset class and what the benefits are for each.

Dealing with market volatility for soon-to-be retirees

The global fight against Coronavirus, in addition to plummeting oil prices, has caused share markets to be far from stable.

While many investors are being advised to stay the course and wait for markets to recover, for soon-to-be retirees—with different time horizons to people just starting out—this may not be feasible.

Market Update - May 2020

Highlights:

Shutdowns, isolation, and social distancing measures have had a profound impact on consumer-facing sectors and have resulted in large spikes in unemployment.
Central banks around the world have embarked on unprecedented emergency lending and bond buying programs to combat the economic effects of the coronavirus.
The Bank of England forecasts UK GDP to contract by 14% in 2020, driven by a 25% decline in the June quarter, to be followed by a rapid recovery.
The Reserve Bank of Australia kept rates on hold at 0.25% at its May meeting and continued targeting the 3-year government bond yield at the same rate.
Growth in new coronavirus cases in Australia slowed significantly in April, although a second wave of infections could eventuate if restrictions are eased too quickly.

If you have any questions regarding this report or would like to discuss your portfolio, please contact me directly on 02 6562 2295.

Read full May 2020 market update report >>

May Economic Update with Bob Cunneen

The coronavirus has had a significant impact on investment markets. Bob Cunneen, Senior Economist at MLC, discusses what to expect over the coming months.

Watch the video

In this edition

	Smart super strategies for this EOFY
	Why Coronavirus has more impact on some super investments
	Managing the impact of volatile markets on your retirement savings
	How different investment types play a role in market volatility
	Dealing with market volatility for soon-to-be retirees
	Market Update - May 2020
	May Economic Update with Bob Cunneen

Contact us

Phone
02 6562 2295
Fax
02 6562 2297
Email
enquiries@loomisfinancial.com.au
Address
Suite 1,
46 Smith Street,
Kempsey NSW 2440

PO Box 225
Kempsey NSW 2440

Loomis Financial Pty Ltd and Emily Males are Authorised Representatives of Consultum Financial Adviser Pty Ltd, ABN 65 006 373 995, AFSL Number 230323 an Australian Financial Services Licensee, Registered office at Level 6, 161 Collins Street, Melbourne VIC 3000 and a member of the IOOF group of companies.

Any advice on this site is general in nature only and has not been tailored to your personal objectives, financial situation and needs. Please seek personal advice prior to acting on this information. Any advice on this website has been prepared without taking account of your objectives, financial situation or needs. Because of that, before acting on the advice, you should consider its appropriateness to you, having regard to your objectives, financial situation or needs.