Market update November. My opinion….Consider not buying Shares
The equities market is more volatile than property. So given this, where do you put your money, some put it in a bank, and it does very little for them to work for them, or, one could put it into property. Education and tourism are strong due to the lower dollar, coal is healthy as is health. I believe the Government should move from a monetary policy to a fiscal one. The RBA should have a goal of the dollar getting down to 68-70 cents to stimulate the economy. Inflation (2% and going down) and Unemployment (5.6% and going up) are both key drivers of an RBA rate decision. Unemployment keeps wage growth down, which keeps inflation down, it also keeps rents from growing.
If you wish to reduce risk and improve potential, engage a buyers agent.
