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Monthly Musings
Click to view the new Episode 4 "Is Super still Super?

Good afternoon! November is complete and to keep you up to date we deliver to your inbox our regular Monthly Musings where we ponder over what happened during the month and provide some worthwhile wealth management updates and information.

We are on the home stretch to Xmas and unbelievably, the end of 2020 is upon us. The headlines for the month past included the RBA's decision to take the cash rate to a new record low of 0.1%, vaccine solutions for the COVID-19 pandemic and the US election results. This created a tailwind for equity markets in November to produce what was a particularly strong month of performance. The price of oil also rallied strongly on the back of the hope that a vaccine will fast track an economic recovery.

Globally, challenges still prevail however. Namely, rising COVID-19 hospitalisations in the US, continuing Brexit negotiations and China/Australia relations becoming strained are all weighing in on their respective regions.

We hope you enjoy the read.

Markets Update
Observations from November....
  • Locally and on the same day that a daring Twilight Payment lead from start to finish in the Melbourne Cup, investors also cheered the RBA’s decision to drop rates to 0.10% and to stand in the market for $100M worth of government bonds.
     
  • Early in the first week of November, Pfizer-BioNtech announced that their vaccine candidate was 90% effective against COVID-19. This was well ahead of even optimistic market expectations and drove a strong rally in global equity markets. Perhaps more interesting was the ensuing violent rotation away from the ‘lock-down’ technology stocks (Amazon, Netflix etc.) and back into beaten up sectors like transport, restaurants, oil and pockets of value like banks.
     
    The good news kept coming with increased certainty around the outcome the US elections and further positive vaccine news from Oxford Uni – Astrazeneca and Moderna.

3 Minute Tech
One of our core pillars at Entrust is education, and sharing our knowledge with our client community.

As per the video above, we continue on to Episode 4 of our short video series, 3 Minute Tech. Please click on the link below to access the library of 3 Minute Tech episodes.
 
Our goal with these quick and to the point videos is to explain sometimes technically challenging topics in simple and easy to understand language.

Click here for the 3 Minute Tech Library:
Episode 1: "Who gets my super when I die"  
Episode 2: "How much tax do my beneficiaries pay?"
Episode 3: "How can I reduce the tax burden to my adult children”
Episode 4: "Is Super still Super?"
 
This 3 Minute Tech episode covers important issues. If you would like to discuss further please do not hesitate to contact us.
 

Focal Point
The Retirement Income Review Final Report was recently released by the Morrison Government. Although the report doesn’t make any recommendations, it provides a greater understanding of how the retirement system operates and will inform future government policy decisions.
 
In this month’s “Focal Point” we summarise some of the important takeaways.
Click Here to Read

Entrust Team Feature
Each month we provide an insight into our great team. This month we are featuring Senior Investment Adviser and Director, Phil George. Excellent work Phil!
Click Here to View
Referring Entrust

We understand that referring Entrust to a family member or friend represents trust that the service we provide has an important role to play and that we can be relied upon to perform that role. We are grateful and thankful for these referrals.  

Please do not hesitate to forward this edition of "Monthly Musings" to those who you believe may benefit, or alternatively they are welcome to contact us. 
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Podcast suggestion for the month

Business Wars

Business Wars gives you the unauthorized, real story of what drives these companies and their leaders, inventors, investors and executives to new heights — or to ruin.

This podcast is available from wherever you access your favourite podcasts.

Book suggestion for the month

Principles

Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business – and which any person or organization can adopt to help achieve their goals.
That is it for this edition of the Monthly Musings, we hope you found it interesting with some useful information. Our next edition will be released in January so we wish everyone a very merry Xmas, a wonderful break and all the very best for 2021.

Until next month,

Kind regards from all the team at Entrust
entrustwealth.com.au


Entrust Wealth Management Pty Ltd  ABN 80 100 088 168

Authorised to provide financial services  AFSL 222152

Level 18 Alluvion 58 Mounts Bay Road Perth WA 6000 

PO Box Z5034 Perth Western Australia 6831
 

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This publication has been compiled by Entrust Wealth Management Pty Ltd ABN 80 100 088 168 AFSL 222152 (Entrust).

This publication is current as at time of preparation. Past performance is not a reliable indicator of future performance. Any outlooks in this publication are predictive in character. Whilst every effort has been taken to ensure that the assumptions on which the outlooks given in this publication are based are reasonable, the outlooks may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The results ultimately achieved may differ materially from our outlooks. Material contained in this publication is an overview or summary only and it should not be considered a comprehensive statement on any matter nor relied upon as such. The information and any advice in this publication do not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. This publication may contain material provided directly by third parties and is given in good faith and has been derived from sources believed to be reliable but has not been independently verified. Entrust is not responsible for such material. To the maximum extent permitted by law: (a) no guarantee, representation or warranty is given that any information or advice in this publication is complete, accurate, up-to-date or fit for any purpose; and (b) neither Entrust, or its authorised representatives, is in any way liable to you (including for negligence) in respect of any reliance upon such information or advice. It is important that your personal circumstances are taken into account before making any financial decision and we recommend you seek detailed and specific advice from your adviser before acting on any information or advice in this publication. Any taxation position described in this publication is general and should only be used as a guide. It does not constitute tax advice and is based on current laws and our interpretation. You should consult a registered tax agent for specific tax advice on your circumstances.  For further information on any issue discussed in this publication, or on any financial matter, please contact your financial adviser.
 
 






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