Newspaper article The Queensland Times (Ipswich, Australia)

Wake Up to Share Returns

Newspaper article The Queensland Times (Ipswich, Australia)

Wake Up to Share Returns

Article excerpt

YOU can't take it with you -- this is why my wife and I have just been enjoying a cruise in the Galapagos.

Most passengers were relaxed about investment markets but one stopped the conversation with "We like to sleep at night -- that's why we don't have any shares".

On the face of it, it's a reasonable attitude given the present volatility of the markets, but most of us couldn't sleep at night if we didn't own shares.

Now it's a good feeling to have cash in the bank, even though the best return is around 3%. But it has no tax benefits, no chance of capital gain and is eroded by inflation. Getting $3000 on a deposit of $100,000 may sound safe but take off 3% for inflation and you are left with a net return of zero. Holding cash long term is one of the worst investment strategies.

This leaves us with the old faithfuls -- property and shares. It's important to have an interest in both and to understand they behave in different ways. …

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