Cutting thru

We had a meeting with our Sydney Superman today. There are only three things to note, as currently we have

• Low interest rates
• Low unemployment
• Low inflation

Everything else is crap.  These mean the market is up and you should make over 10% on investments which we have done in the previous year.  Not that we had much to do with it as he gets his % to rebalance and reweigh.  He knows his stuff. The government have changed the licensing stakes big time after the banking Royal commission.  According to the Financial Advisers Act 2017, in order to stay in the business you really have to be good at it now and all advisers going forward need a new degree qualification of which he is sitting his fourth 3 hr exam in as many weeks in order to satisfy the finance police.