Welcome to the November Newsletter

Once again the Reserve bank did not move interest rates on Melbourne Cup Tuesday. The economists were split around 50/50 on a rate cut but in the end there was no change. The RBA must be seeing some green shoots in the economy and if this is so then a rate cut next month is probably off the agenda. A rate cut would probably ring the bell for another property market spurt which they do not wish to see. Record low interest rates in Australia are partly responsible for the property boom.

Exciting news from AIA Vitality Program

In follow-up to earlier Newsletters AIA Insurance Company have entered into a Joint Venture Agreement with Discovery Insurance in South Africa to provide their Australian Insurance Clients with a Vitality Program and the generous benefits that go with it.

The AIA Vitality Program is designed to assist you to improve the level of your health and general fitness.

By being a member of this program you can not only receive discounts on your future Insurance Premiums but discounts of up to 50% on Qantas flights, Movie Tickets at half price and a number of other benefits.

For those clients who are currently not members of the AIA Vitality Program and who would like to join or find out more, please contact Gordon on (02) 8969-6970 or gordon@taurusfinancial.com.au.

This month we have included an article on the Money Illusion which focuses on making a real return rather than a perceived return. We are all guilty of falling into this trap.

We also look at the 6C’s that turned the market and how Emerging countries are struggling.

Finally we have included an article about how long it is before a relationship is determined defacto.

Enjoy the November newsletter.

Have a great month 

Regards

Gordon Hatch

Telephone – (02) 8969-6970

Email:  gordon@taurusfinancial.com.au