Newspaper article The Morning Bulletin (Rockhampton, Australia)

Shares Need Seven-Year Time Frame

Newspaper article The Morning Bulletin (Rockhampton, Australia)

Shares Need Seven-Year Time Frame

Article excerpt

Your Finances

With Noel Whittaker

STOCKMARKETS around the world are going through a turbulent time as the world tries to sort out its many financial problems.

Naturally, this has led to a spate of emails from readers asking whether they should cash in all their share-based investments and place the money in the bank while they wait for the upturn. While this strategy may give peace of mind in the short term, the problem is that nobody is able to consistently forecast what markets will do in the future. To make it more difficult it is also a fact of life that markets tend to bounce back very quickly and unexpectedly when they do.

I believe a better option is to agree on a diversified portfolio and decide how much you wish to keep in each of the three asset classes Co cash, property and shares. When you do this, you should keep in mind that property and shares should never be bought unless you have at least a seven to ten-year time frame in mind. …

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