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Loading ...Investing in the Australian Sharemarket
March 7, 2008 by Josie Kay
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Q. Do you think people should put some of their hard earned money into the Australian share market?
The share market does go up and down and that can be nerve racking for investors, simply because everyday on the television the All Ordinaries Index, which represents the top 500 companies is broadcast nationally. Immediately, you will get that warm and fuzzy, sometimes euphoric, but at the other times that glum feeling.
Investing in the property market would also be nerve racking if someone knocked on your door everyday and told you what they thought it would be worth.
Can you imagine it, you get the knock on the door today and are then told your house is worth $350,000 and then next week you get another knock on the door and told it is worth $345,000, and then next month $330,000 and so on.
Every time there is a knock on the door, your stomach will be in knots – you are going to feel uneasy, unless of course the amount is greater than what you originally paid.
The share market has been around for over 100 years and has seen many turbulent times e.g. WWI and II, the depression and the 1929 stock market crash, 1970’s oil crisis, the 1987 market crash, technology stocks freefalling, September 11.
There are many examples and we all tend to focus on the big drops. However, historically, following a fall, the market has never failed to rise above the previous
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