Volatile investment markets can be difficult for most people to cope with, and can shake the faith of even the longest term investors. At the risk of sounding like a broken record, it is worth revisiting this issue again.
Britain will on 23 June go to the ballot box in a referendum to decide whether they will stay in or leave the European Union (EU). Since it joined the EU in 1973, a lot has changed for the United Kingdom. There are now potentially bigger issues for the British economy than leaving the EU.
In February 2015 I wrote a blog titled "Is now the worst time in history to hold cash?" stating that “now is quite possibly the worst time in history to be investing in cash." At the time, the official cash rate had been cut by the RBA to 2.25 per cent, the first time there had been a rate cut since August 2013. Since then, the RBA has cut the cash rate by a further 0.50 per cent.