Russell Investments Market Commentary July 2012

Russell Investments Market Commentary July 2012

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Please find attached a copy of the latest Russell Market Outlook for July 2012.
 
 
 
 
 
Key messages include:
§  Markets to remain unsettled until there is a strong policy response in Europe.
§  U.S. economy on track for moderate growth. Risk of recession is low.
§  China’s economy is slowing but not collapsing.
§  Shares are cheap and bonds are expensive, but risk-on/risk-off cycle to persist for a while longer.
§  Tilt against the AUD in Russell Diversified Funds increased from low to medium.
I hope you find this of interest. If you have any queries please don’t hesitate to give me a call.

Dani's Story

Dani is the daughter of a client I’ve had for some time.  Her mum Jessie approached me to assist with some Salary Packaging strategies as she’s a nurse, and we soon became friends.  Jessie is a happy, friendly, hospitable woman and extremely proud of her two beautiful daughters.  She also happens to share her name with my great-grandmother – so we now consider each other as family.
On finding out her youngest had been diagnosed with leukaemia at age 22, she was distraught, but went straight into protection, carer and nurture mode – it seems to come especially easy to her as both a mother and a nurse!
Jessie also requested that I go through some of Dani’s paperwork to see if there was anything financially she had that could help out.  Included in that bundle was a statement of superannuation benefits for an industry fund which included lump sum cover for Death and Total & Permanent Disability (TPD).  Dani’s prognosis was grim for the immediate future and likely the coming 3-5 years or beyond, meaning a possible total disablement claim.  In any case, it wouldn’t hurt to try.
I assisted Dani when she was feeling up to it, to complete the paperwork, liaise with her doctors, the hospital and submit the paperwork, all within a couple of weeks of the insurance lapsing due to the fact that she’d now left work and no further employer funds were being paid.
And that’s possibly when the true battle began.  Dani’s health was up and down; eventually reducing to 32 kgs; falling and breaking her tailbone; being accidentally overdosed by the hospital along with the usual treatments for her condition.  Tests eventually confirmed Dani had beaten the leukaemia but had a serious complication following the marrow transplant known as GVHD (Graft vs. Host Disease) where the immune cells in the graft recognise the recipient as a foreign host and attack the hosts’ body cells.
The doctors also were slow to respond to the paperwork requirements and unwilling to complete the relevant pages requested by the insurance company to confirm TPD and finally and sadly, we had to switch to a Terminal Illness claim when Dani was told she had less than 12 months to live.  Hundreds of pages of reports followed and after much frustration and work over fourteen months, the Case Manager finally rang to advise me we had a payout on the way!
Dani has put on a couple of kilograms, is still in hospital but remains incredibly positive and was delighted to turn 24 a few months ago.  I’ve been asked to assist her to find a new home, close to hospital and where she can concentrate on recuperating as best she can and devote more time the creative arts she loves.
This story reinforces strongly for me the immense value of insurance, the importance of advice and the significance of the precious relationships we forge along the way.  Being financially independent now provides Dani with options – she can concentrate on her health and wellbeing, provide medically for her needs and allows her some financial freedom to consider her options.
Handwritten thank you note from Dani read: 
Dearest Amanda
I just wanted to say thank you for all the support you have given to me over the past 2 years.  Thank you so much for chasing up that money from Sunsuper, for being persistant and dedicated in your work.  For always being friendly and a pleasure to be around.  For being a great and loyal and supportive friend to my mum and for taking time out of your busy schedule to make time for us.  We both love you to death and yo really do have such a positive influence over mum.  I notice she always seems so much happier and relaxed after she sees you.
Thank you for everything.  Take care of yourself.  Looking forward to catching up.
Always, Dani x

Heard about Child Trauma cover?

Heard about Child Trauma cover?

Most of us who are parents, know that bumps and bruises are just all part of being a kid and growing up.  Sadly however, many Aussie kids suffer from medical conditions and accidents that are far more serious.
I personally have a niece with heart problems and an autistic nephew, so know all too well how health concerns can affect a family both financially and emotionally. 
What many don’t know is that there is an insurance solution that can be tailored into the family’s protection package that can cover some of the major concerns your children could face.
Children’s trauma insurance offers coverage for a wide range of illnesses (including meningitis, cancers, blood disorders, loss of sight, major organ and bone diseases) and some serious accidents and death.
Many insurers now offer Child Trauma Insurance. It is usually an optional extra to an adult’s life or trauma cover and typically covers children aged between ages 2 and 15. Coverage is typically for a lower amount, and the premiums are much lower than adult trauma insurance too (as an example, from $1 p/month per $10k of cover.)
When a child is seriously ill or injured, parents often take on the role of carer. This can reduce family’s income at a time when additional money is required for the medical care of the child.  Child trauma insurance may just buy you some additional time, ease some of the financial burden and takes the future into account.
If you’d like to know more about how this cover can assist your family, please don’t hesitate to give our Advisers a call on 07 5593 6895 – or drop us an email and we’ll be in touch.

Russell Investments Market Commentary July 2012

Welcome to our newest Team Member

Wealth Planning Partners are pleased to announce that Russell Sheasby has joined our team of Gold Coast based Financial Advisers.
Russell emigrated from South Africa 10 years ago and has been both self employed in small business and employed in management roles of various national companies since that time.
Having had daily contact with clients, contractors and SME’s and first hand experience with building business, Russell will make a great addition to the team.
Russell is looking forward to tailoring plans that will individually suit our clients and will help to assist in achieving your wealth creation goals and protection needs.
Please visit Russell’s LinkedIn profile for more information:
http://au.linkedin.com/in/russellsheasby
 

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