The Latest News and Views from Ascent Wealth Management

Hi Everyone,

Welcome to the Latest News and Views, we hope everyone is doing well.

Cybercrime is a growing concern, are you doing everything you can to ensure your personal information and assets are secure? We have written an article which discusses what cybercrime is and what you can do to reduce your risk of being a victim.

July and August have seen largely flat returns, this is due to much of the economic data not producing much surprise- all of this news has therefore been “priced into” the outcomes this month. In Australian markets, we have seen stable growth in the economy.

Internationally, USA remained relatively strong even though the USD had decreased with tensions in America & North Korea. China remained strong with a 6.9% annual growth rate in the June quarter. If you would like to read more about the markets see the attached August Market Summary.

May’s federal budget brought news of a new initiative which would allow people to use the proceeds of downsizing your property to supplement retirement savings, regardless of age or meeting a condition to allow the contribution (i.e gainful employment) The article ‘should you downsize?’ discusses how your retirement can be enhanced and what alternatives to downsizing are available.

Staying the retirement theme, many are puzzled about how they are going to afford to get by once they finish work. Do you know how much you can afford to spend after you retire? Our next article discusses this in detail and what you can do to meet your desired retirement income needs now and in future years.

Want to get out and about to see Australia? An article from the Big 4 holiday park chain reveals the 7 best 1-day mountain climbs in Australia. So get out amongst!

Lastly, as you know, here at Ascent Wealth Management we always strive to provide great advice for our clients, helping them achieve their goals. We are always open to meeting your friends family or work colleagues and providing them the same great service.

If there is anyone you know that might need our assistance, please let them know about us or drop us a line. We’d be happy to make contact; our initial discussions with new people are held at our cost, so there is nothing to lose!

All the best, please don’t hesitate to call if you want to discuss any of the above.

Steve

Preventing Cybercrime- Everybody’s Responsibility !

Cybercrime is on the rise. Recent government advice is that the investment and superannuation sector has become a rich target for would be cyber criminals. Now more than ever, it is vital that everybody takes the neccessary steps to avoid become a victim. We're please to present some handy tips on how to be "onguard" against this emerging menace.

Ascent Wealth Management Pty Ltd, Stephen Nielsen and Gavin Hammond are Authorised Representative of GWM Adviser Services Limited, ABN 96 002 071 749, AFSL number 230692 an Australian Financial Services Licensee, Registered office at 105-153 Miller Street, North Sydney, NSW, 2060 and a member of the National Australia Group of companies.

This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial and tax and/or legal advice prior to acting on this information. The material contained in this newsletter is based on information received in good faith from sources within the market, and on our understanding of legislation and Government press releases at the date of publication, which are believed to be reliable and accurate. Opinions constitute our judgement at the time of issue and are subject to change. Neither, the Licensee or any of the National Australia group of companies, nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this email.

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