The Year that Wasn't
Updated: Jan 22, 2020
In January we will report on the year that was, which will be a great year for portfolio returns. This would have been hard to imagine in January 2019, having just experienced the first negative return in share markets since 2011.
At the time we faced the prospect of rising interest rates and a flat year for the share market, however what we have had so far is three interest rate cuts and a return of over 20% in the share market ! The attached article from Jim Parker looks at some of the predictions at the start of the year and how this panned out, for your reading enjoyment. With the lesson being, listen to your adviser not the newspaper.