1 Jul 2022
Market Metrics: S&P/ASX 200
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Welcome to the start of a brand new financial year and we are expecting financial asset prices to begin moving in the right direction.
Australian listed companies performed strongly in the second half of 2021 but it all unraveled over the past 6 months with the S&P/ASX total return posting a -5.86% for the 12 months to 30 June 2022.
The Down Jones Industrial Average has also posted a -11.14% for the 12 months to 30 June 2022.
The only good news is that there are always more up years than down years (see chart above) and the message from current fall in asset prices is clear.
Now is not the time to sell, instead it is the time to remain invested according to your appetite for volatility and continue to buy more quality assets at discounted prices.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how to best help them because now is the time.
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.