24 Mar 2023
Market Metrics: MSCI All Country World Index
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
The hits just keep coming.
March 2023 marks the 3 year anniversary of the 2020 COVID-19 crash which was then followed by the February 2022 Russian invasion of Ukraine.
Click for chart.
Two asset price crashes within 2 years is not normal and now the United States is expected to go into a recession in the coming months because of the US Federal Reserve keeps increasing interest rates.
Will a recession in the United States cause a third crash in asset price in as many years?
Don’t know with absolute certainty.
However we do know that Benjamin Graham value investment principles teach us not to speculate, to remain invested according to our appetite for volatility and to buy more quality assets when asset prices crash.
If you have family, friends or colleagues that want financial advice please ask them to contact us and we will work out how best to help.
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.