The Australian share market has fallen around 12% from its recent high in August this year. It’s human nature for us to worry about such falls, after all, as humans, we have evolved to worry. Studies show that we feel losses twice as much as gains, we are becoming less and less inclined to stop and smell the roses.
Financial Freedom can mean different things to different people. For some it can mean the ability to buy what you want when you want, whereas for others it can be the freedom to work part time, full time, or perhaps not at all. What does financial freedom look like for you?
The Hayne Royal Commission (RC) into the Banking, Superannuation and financial services industry released its interim report a month or so ago. The revelations of the RC have been widely reported to the dismay and shock of most. The questionable practices of many major corporate institutions have been disgraceful and the lack of action by the regulators unfathomable.
After a solid run over 2018, the Australian and US share markets declined markedly over October, losing around 8% in value. As usual, there are a variety of factors at play but in my opinion there are two main points weighing heavily on markets: