May 2007 Newsletter
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Federal Budget 2007 – an overviewThe 2007 Federal Budget was handed down on 8 May. Some of the proposals that may impact your financial plans are set out below. Living with lower tax ratesIn contrast to previous years, the Treasurer’s Budget Statement this month contained little in the way of change that would have significant implications for investors. De-synchronised global growth – implications for investorsWhile the US economy has slowed sharply over the last year the rest of the world remains robust. Australian versus global shares – time to go more global?There is a theoretical case for Australians to have a higher allocation to global shares on a very long term view and the recent out performance by Australian shares and the loss of their valuation advantage has made the case for global shares a bit stronger. Recipe - Cranberry & White Chocolate BiscuitsA delicious biscuit perfect for enjoying with company. |