Current News

May 2020

The sharemarket has been all over the place with March being the worst month for ASX returns in over 30 years, followed by a rebound in April thanks in large part to the U.S. Federal Reserve’s decision to back the corporate bond market in late March, and then a weak start to May.

With a disparity between consumer confidence and global markets in relation to COVID-19, hear the latest update and views from Jonathan Bayes, our Chief Investment Officer, and Mathew Cassidy, our Managing Director. In this discussion they will provide an update on the current markets and economy, what we are doing in terms of our portfolios, and answer some common questions that we are being asked by our clients.

Life after lockdown

Markets and governments seem in agreement that the situation has improved enough for lockdowns to be eased in the coming month. Unfortunately, a return to full normality will likely take a much longer time for most countries, potentially well over a year, and is dependent on a vaccine. Instead, one can expect a gradual easing of restrictions over time.

The easing of restrictions will come in different forms for different countries but will likely follow a similar shape. First will come reopening of select business sectors that are of high importance and where the number of people are limited such as businesses involved in manufacturing. Then will come the offices and potentially services in a restricted manner. Restaurants may have to put tables at a certain distance and may need to record your identities for potential contact tracing purposes.
Large scale events such as religious gatherings, concerts or festivals may remain banned until a vaccine is developed.

Even after restrictions are lifted, people may be cautious and spend less time out of home, as seen in Beijing, where weekend traffic remains well below the 2019 average, despite Beijing having seen a limited outbreak.

Why you need to know about us – Bentleys Wealth Advisors

Bentleys Wealth Advisors are a team of financial experts specialising in wealth advice, who are supported by one of Australia’s leading advisory, tax and accounting firms, Bentleys.  Our clients are often seeking support and guidance to navigate the complex landscape of superannuation and retirement planning. We want to be part of their journey, working with our clients as one unified team. The sooner we start planning together the better chance you have of getting the retirement lifestyle you want and deserve.