People put a lot of focus on the price of assets; specifically the price of shares.
Everyone knows that company share prices go up and down – that’s a fact. What we don’t know is why they do – that is, what external events will affect the share market and when. Of course, there are people devoted to doing this for a living, and some people are more informed than others about trends in the market. What we are saying is that it’s not possible to predict exactly when a crash or a boom in the market will happen – the only thing we know for sure is that it will.
Like any kind of risk associated with money, thinking about volatility can be daunting. But what we always say is that you can never entirely get rid of any risk; you can only shift it.
The US election took over the news for months near the end of last year. Big events such as this often go hand-in-hand with comments about the share market and how it will be impacted negatively if the ‘wrong person’ is elected.
Often when I tell people I’m a financial adviser they ask me ‘what do you think the share market will do this year’ or ‘what do you think about NAB shares’ or something similar.
When I say that I have no idea they either think I’m holding out by not letting them know the ‘good oil’ or that I’m a terrible financial adviser.
The Dutch East India Co. was the world’s first corporate powerhouse and laid the foundations for the modern multinational corporations of today. However, they are often remembered for trading away New York City. In 1667 the Dutch, whom at the time had occupied New Amsterdam (now New York), conceded the island of Manhattan (now New York) to the English in return for the tiny island of Run in the Banda Islands of the Moluccas Indonesia. The English promptly changed the name from New Amsterdam to New York. Why did they make this trade? Firstly, some background on the Dutch East India Co.
Dallas Davison, Michael Hogue and Ali Hogue.
Money Over 50 Financial Advisers
Tel 07 4772 0938
45 Ingham Road West End Townsville Qld 4810
Money Over 50 Financial Advisers Pty Ltd ABN 26 146 225 505, 45 Ingham Road, West End Queensland 4810 is the holder of an ASIC Australian Financial Services Licence (AFSL) #471826.
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