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It's time in the market that counts
Some timely reminders:
- The average fall in the sharemarket since 1978 is 21%
- The sharemarket fall lasted 8.6 months on average
- And, the sharemarket has always recovered beyond the previous peak
The Australian sharemarket is a long term investment. An investment of $10,000 in Australian Shares in 1978 would have returned $516,389 in 2008. The same investment in Cash would have returned $165,517.
The interactive link below is worth accessing.
Australian Share Market Volatility July 1978 - September 2008
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