There’s more than enough uncertainty in the Australian (and global) economy right now. Inflation. Interest rates. Unemployment. Spending. And, yes, the R-word: recession. It could tempt an investor to sell everything, put the cash in the bank and stay in bed. But by the time the coast is clear, share prices have usually regained most, if not all, of their losses.
To wit: the Covid crash of February and March 2020 was the fastest bear market in history. The ASX lost more than 35% of its value in a little over a month – which all happened before the first local community transmission of Covid-19.
And then? Well, the market started to climb. And climb. And climb. Remember, this was before Covid had escaped into the Australian community. Before the Delta and Omicron variants. Before a vaccine.
Those who waited for the coast to be clear missed all that. Indeed, those who wanted to wait for the pandemic to be over had to wait until only a few months ago, when the World Health Organisation declared just that. And, of course, that doesn’t mean Covid is gone. The price of waiting was high, indeed.
この記事は Money Magazine Australia の August 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Money Magazine Australia の August 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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