Aspire Wealth Management held an investment review on June 25th 2009 at the Crowne Plaza Santry hotel. The review discussed several economic and investment risks facing Ireland at the time, including issues related to the global financial crisis, loss of competitiveness, overreliance on construction, and challenges balancing taxation, spending and the size of the public sector. It also included data on the performance of several stock market indices from the beginning of 2009 through June 24th 2009, with most showing losses, and noted that investors had become increasingly short term focused.
2. Economic & Investment Risks Sub Prime legacy Volatile oil prices Currency volatility Equity market turmoil Slow global growth in 2010 ¨C ? in 2009 Much more challenging climate
3. What are the Pressure Points for Ireland? Globalisation Lost competitiveness External economic environment Exchange rate developments Over-reliance on construction Property Collapse with cashflow implications Taxation v Spending v Size of Public Sector
4. Index January 1 st to June 24 th 2009 March 9 th to June 24 th 2009 ISEQ (Ireland) FTSE 100 (UK) DAX (Germany) CAC 40 (France) Dow Jones (USA) S&P 500 (USA) Nikkei 220 (Japan) Hang Seng (Hong Kong)
5. Investors have become increasingly short term Source : SG Global Strategy research November 2008 Average holding period for stocks
