26 Jul 2019
Friday Tidbit
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
The Australian All Ordinaries Index (AORD) closed at a record high of 6,853 on 1st November 2007 and subsequently fell to a low of 3,111 on 6th March 2009 which represents a crash of 54.6%.
You may have not noticed but on Wednesday the 24th July 2019 the AORD finally closed at 6,862 to record a new all-time record high. It only took a bit over 11 years and 8 months.
The AORD has subsequently gone higher again and now the wait is on to see how much higher it can go before we suffer our next financial catastrophe.
Fortunately, history and experience tells us that we should expect more ups than downs.
Click for chart.
For investors, the key is to remain invested according to your appetite for volatility and when fear and panic take hold during the next financial catastrophe, to take advantage by buying more quality assets at discounted prices.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.
