17 Mar 2020
Coronavirus outbreak: History of Pandemics
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
We have attached a chart to give you a perspective on the current COVID-19 death toll (currently estimated under 7,000) versus previous pandemics.
Click for chart.
Irrespective of this low relative death toll, fear and panic have most definitely gripped financial markets.
The Australian All Ordinaries Index (AORD) closed at 7,255 on 20th February 2020 and has since fallen to a low of 5,058 yesterday which represents a 30.5% movement.
The Dow Jones Industrial Average (DJI) closed at 29,551 on 12th February 2020 and has since fallen to a low of 20,189 overnight which represents a 31.7% movement.
The key for investors is never to panic and to look for buying opportunities.
Keep your head and if you are an Active client wanting to discuss how you can take advantage of what is now a crash, please call me on 02 9267 2322.
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.