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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

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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

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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658

What will be covered?

Global Economic Issues

&

Australia’s Current Economic Environment

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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658

Soaring Government Debt?

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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658

How low can rates go?

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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658

Central Banks to the Rescue!

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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658

Currency Wars?

Australian Dollar against US Dollar, Euro and Yen

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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658

Global Stock Market Rally

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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658

Cyprus! Why did it happen?

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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658

Australian Share Market

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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658

Australian Economic Environment

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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658

Australian Economic Environment (cont’d)

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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.”

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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658

Thank you

Questions

?