A Quiet Bull?

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Luke McMillan is the National Manager, Investment Advice, at Perpetual Private. It’s his job to keep an eye on short-term market moves, but also to work with Perpetual Private advisers and their clients to build portfolios that work for the long-term.

In this interview, Luke discussed how the recent bull market “crept up” on investors. Despite February’s volatility, investors in risky assets (shares and property) can still look back on good returns over a bull market lasting nearly seven years.

“It’s a bull market that’s been driven – until recently – by lower interest rates and quantitative easing,” says Luke. “However, we’re starting to see stronger economic growth around the world now and so for the past two years it’s better earnings that have pushed markets up.”

At the tail-end of a long bull market, even the gradual one we’ve enjoyed since the end of the GFC, Luke thinks it’s important for investors to diversify cleverly and widely, and to reduce your reliance on market returns alone. 

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Perpetual Private advice and services are provided by Perpetual Trustee Company Limited (PTCo) ABN 42 000 001 007, AFSL 236643. This information was prepared by PTCo. It contains general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider, with a financial adviser, whether the information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information.