DESTINATIONS

Welcome to our first ever online newsletter, and our first newsletter for 2009. We are moving towards the use of online communication so we can provide you with more timely and effective communications.

Each electronic newsletter will have a series of articles (see below) that can be accessed by clicking on the “read more” link in the article summary. To come back to this page after reading an article, you just need to click on the “back to main” heading at the bottom of the article.

Our first online newsletter coincides with the launch of our new website www.navwealth.com.au which is now available for you to view. Please visit our website for recent news.

I feel that we have all been very focused on the share market and property market volatility and worried about what might lie ahead. One thing I can confidently say is that markets will bounce back over time and we will again experience good returns. At a time like this I always remember Warren Buffett saying “Wealth is transferred from the impatient to the patient” in times of volatility.

We are very mindful of the fact that you are concerned as we have not witnessed volatility like this in our lifetime. In times of great uncertainty such as now, investments do not behave in they way they should which is why we have seen both the residential property market and the share market suffer from volatility at the same time and this is unusual.

Whilst the volatility is unprecedented, so is the government response. The stimulus packages both in Australia and around the world are designed to work in conjunction with business to keep people spending. So, forgetting the detail for a minute of how Governments are spending taxpayers’ funds, a stimulus package is what Australia and in fact the world needs so the recession is not a deep and long recession. This newsletter includes an article on market volatility.

As far as Sydney is concerned, I certainly don’t recall a recession where restaurants are still busy and the December 2008 Quarter’s sales figures were an increase on 2007.

Other articles featured below include an important message regarding personal insurance needs – are you and your family covered? We also have a very interesting article on Retirement Villages and where they are headed. I was very pleasantly surprised. Finally, get to know our lovely Philippa better as she has answered some fun questions.

Thank you to everyone who has completed the review survey. This gives us really valuable feedback. Whilst responses have been overwhelmingly positive, we will not rest on our laurels. We will continue to strive to improve our service levels in 2009.

We look forward to catching up with you during 2009.

Enjoy!

Craig Banning