Seasons Greetings
On behalf of the team at Bridgewater, I would like to take this opportunity to wish all of our clients and friends a safe and happy Christmas and New Year.
As 2009 draws to a close I would like to reflect on what has been an extremely testing year for many. The Global Financial Crisis has had a significant impact on many businesses, as well as the personal savings and investments of the population. Thankfully, 2009 seems to have ended in a better position than it started. Although, many of us have had to do quite a bit of belt tightening along the way!
It’s pleasing to note that many people, despite these difficult economic times have continued to give to others with many charities reporting high levels of donations. Alternatively, some have lent a hand to family and close friends who have been more adversely affected through this economic turmoil.
I believe we can look forward to 2010 with a great deal of optimism. Australia does remain "the lucky country" and our abundant natural resources remain highly sought after by our northern neighbours. India and China in particular, continue to flourish with high levels of economic growth.
There are however, still some problems which remain to be resolved on an international front. These may cause headwind and set backs along the way. We therefore continue to believe in a steady, cautious approach to investing. Fortune may favour the brave however, many traps still lay waiting for those who do not plan adequately.
During our recent discussions with clients we have reiterated the importance of continual financial housekeeping. We also believe that it is important to keep an eye out for major renovations which may be necessary as the economic landscape has changed dramatically. Some portfolios may require completely new strategies that are more simple and flexible than many of those of the past decade.
At Bridgewater AFS we have made significant enhancement to our systems and services and are looking forward to introducing them to our clients in the New Year.
Our office will close for the Christmas break on Thursday, 24 December 2009 and reopen Monday, 11 January 2010. Should you have urgent share trading queries, Jonathan will be contactable on (07) 3238 9403.
We look forward to continuing to work with you, our clients in the coming year.
Remember to give generously this Christmas.
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