|
Good Morning Reader,
In the last Eden Wealth Report we ended our introduction with a succinct message from Warren Buffett, "The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly."
In the latest report we provide an outlook for the next decade focussing on the key regions that will impact Australian investors and discuss the themes that dominate our current investment thinking.
We have also compiled some investment rules, based on the work of eminent psychologist and Nobel laureate Daniel Kahneman, that every long-term investor should consider.
We hope you enjoy this edition of the Eden Wealth Report.
Mark La Bozzetta - Eden Wealth Management
With the start of the next decade underway we provide an updated economic outlook focusing on the regions of most importance to Australian investors:
- The US - the debt fuelled, service based, consumer economy (the world's customer);
- Asia (China) - the surplus fuelled, urbanization hungry, manufacturing economy (the world's vendor);
- Australia - the moderately debt fuelled, commodity-driven economy (the geographically well-placed resource/energy provider).
In the final instalment of this three-part series, we discuss investor 'blind-spot' number 5 and present our take on Kahneman's Keys to Investment Success.
Mr or Ms Investor, it's time for your check-up ...
|