Last week stocks went into a freefall with $60 billion ‘wiped off’ the stock market. Despite this freefall, there isn’t necessarily a need for major concern. We often see headlines like this that incite fear among investors. However, they aren’t always reflective of the gravity of the situation in the stock market.
What you need to be aware of is these changes in the share market can happen, because large volumes of comparable assets are being traded at the same time.
You aren’t likely to see these changes in other markets quite so often, like in the property market. Of course, there are some instances, like the global financial crisis, where the property market is hit hard and quickly. However, for the most part, it takes longer to measure and quantify how events impact the property market.
Given the fast-changing nature of the share market, it is important to consider how often you should be reviewing your investments. Listen in for more of our discussion on the topic now.
This Week’s Investor Exchange Round Table Covered:
- Brett and Louis discuss how often you should be reviewing your portfolio and what to look for when you do. (16:37)
- Louis explains the psychology behind envisioning long term financial goals and making good decisions based on those goals. Listen in for his advice. (20:35)
- Brett discusses the labelling of high rise units as the ‘real estate’s equivalent of the bubonic plague’. Listen in for our discussion on the data on the median apartment price in Australia’s biggest cities. (25:53)
You Cannot Be Serious:
A Canadian woman attending an airshow in Calgary was knocked over by winds whilst in a porta-potty. We wouldn’t wish that situation on anyone!
A Florida man has driven a golf cart into a Walmart as deputies chased him with a taser!
Write in to get your investment and wealth management questions answered by Joel, Brett and Louis.
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