While it was after the quarter ended, it’s worth making mention of the 30th anniversary of the 1987 market crash. Unlike the media who’ve been endlessly quoting people remembering that day, we thought we’d provide something of value – a reminder of the folly of running to the ‘safety’ of cash in the wake of a downturn. Using the example of Australian shares vs cash and starting with $50,000 in September 1987, had you sold out after the crash and parked your loot in cash you’d have $191,136 by September 2017.
In contrast had you remained invested your money would have grown to $453,307.
This represents general information only. Before making any financial or investment decisions, we recommend you consult a financial planner to take into account your personal investment objectives, financial situation and individual needs.
