May market summary:

May saw equities return -3.5% while bonds lost 2.0%. Listed property also declined by 6.0%, with cash the only positive asset class, at 0.6% higher for the month. The best performing sector for May 2018 was resources, up 4.8%.  Industrials and financials were both...

Cash – the riskiest asset of all

Clients often suffer from “inflation illusion”, not understanding how destructive inflation can be over time. This is why when we are illustrating potential retirement scenarios to clients, we always convert future value outcomes back to present values. This article...