Income growth to halve from historic average: According to Treasury, if labour productivity grows at its long run average of around 1.5% per year over the...
Ralton Asset Management
Ralton Asset Management
Income growth to halve from historic average: According to Treasury, if labour productivity grows at its long run average of around 1.5% per year over the medium-term, per capita incomes would grow on average by about 1% per year. This is less than half of what Australians have become used to over the past three decades. Treasury estimates the difference in growth rates translates to a difference in real per capita incomes of $13,000 per year by 2025 or around 20% of today's average income of $63,500. What are the implications for the share market from this slower rate of growth in domestic income? It will make earnings and dividend growth for domestically focused companies in aggregate more difficult to achieve. For instance, credit growth for banks should be lower as households have a lower level of overall income to support interest and principal repayments. Full report here: (VIEW LINK)
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Ralton's objective has been to design and build high quality, value-adding investment portfolios for investors, and we have achieved this in the following ways. Packaging our investment services in a managed account structure rather than a unit trust, offering investors professional portfolio management with all the benefits of direct share ownership. Employing only high-calibre, experienced staff. Remaining privately owned, with the principal owners actively involved in the business on a day-to-day basis and directly contributing to its success. Remaining a boutique manager to ensure a standard of excellence is always maintained, and understanding that our long term success is based on our ability to deliver consistent long term performance. Always operating ethically and fairly, being transparent in our dealings with clients, and by committing ourselves to continually evolving the business.
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Ralton Asset Management
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Ralton Asset Management
Ralton's objective has been to design and build high quality, value-adding investment portfolios for investors, and we have achieved this in the following ways. Packaging our investment services in a managed account structure rather than a unit...
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Ralton Asset Management
Portfolio Manager
Ralton Asset Management
Ralton's objective has been to design and build high quality, value-adding investment portfolios for investors, and we have achieved this in the following ways. Packaging our investment services in a managed account structure rather than a unit...
Expertise
No areas of expertise
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