BY BARRY MENDEL, EXECUTIVE CHAIRMAN
We have returned to Sydney after conducting two significant research trips over the past three months in the USA, UK, Switzerland and Singapore which included two conferences, one in Singapore and the other in Dallas.
However, we come back with some disturbing economic news which is a concern to us all. Should you care to read our newsletter “A Paradigm Shift” of 10 April 2018 and “A Paradigm Shift – Part 2” of January 2019, (both displayed on our website www.bmfwealth.com) you will notice that, in general, the tone and the tune have not changed to where we are now, our clients have also noticed that the positive changes in their portfolios have been based on the international research forays we have undertaken.
The three most important risks of investing are:
To ensure that the above three points are addressed, the best way to protect your assets is to diversify. Diversification
should take place over asset classes, banks, custodians and countries. For this to be achieved, active asset management is a mandatory requirement over passive asset management. Importantly, we are firm believers that
investment management requires uncomfortable idiosyncratic decisions
A sample of some of our research is set out below.
A presentation on Australia by an internationally well-known strategist was given in Dallas – some points are set out
An extract of comments also raised by a wide array of 34 speakers included:
The above represents a small sample of economic beliefs discussed over six days in two conferences, and over 50
meetings internationally with the best and brightest economic advisors around the world.
Whilst no one can predict the future, our job is to analyse the information and use the experiences we have to adapt client portfolios to the changing economic environment so that the three risks outlined on page 1 of the report are mitigated. To this end, we believe we have achieved our goals by the diversification and growth evident in our clients’ portfolios.
To quote Lenin “There are decades in which nothing happens and then there are years when decades happen”
Our global Wealth Management business is at the cutting edge of ensuring client portfolios are growing and are
diversified. Our uniqueness is that we invest in every investment we recommend so that we are completely aligned with our clients.
Please contact any one of our directors should you wish to discuss the impact of our research in detail on your portfolio.
Barry Mendel, Jill Nes, Brad Mendel & Justin Gaywood