Market report

This terribly difficult year is over.

Since the huge fall in returns we experienced during October, November and December last year we expected a drop in returns and this gave us nightmares. The 12 month returns first need to roll off the bad months for the good returns will show. We were very happy when the returns actually kept moving upwards.

The 12 month returns inside the Balanced Funds reached an awesome 8%, double the announced inflation rate. This happened in the last month though. The Property Funds did around the inflation rate. Not bad if you think of the drop in returns last year.

The forecast looks carefully positive. The chances are that our investments are through the negative growth term. Remember that portfolio managers are not politicians... 

A Happy Christmas and a Prosperous new year to each of you! We are nearly there...

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