The Australian Market had a positive month in April, with a gain of 1.9%. Moving into May we are cautious due to the election and the uncertainty as to who will get in. Short term we expect that the market may pull back not just on the election but also as investors look to take some profits from recent highs. We continue to watch the banks which are currently looking undervalued, however, with tightening on the lending practices and the ALPs franking policy we may see investors look to diversify.
Grow Your Wealth Monthly Newsletter April 2019
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