2017: The market ahead

The Australian sharemarket is well placed for long-term growth, but domestic headwinds will regularly cast a shadow over returns in the next five years.

PORTFOLIO POINT: The Australian stockmarket will likely offer good returns over the long term, but a painful structural revolution for companies will create uncertainties over the next five years.

This week I had breakfast with some 150 suburban accountants and I was asked a question that rarely comes up at functions like this – what do you think the sharemarket will be like in five years’ time?

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