Fears Of The Chinese Slowdown Send Global Markets South
Market volatility has been at near record levels in recent months as investors respond to the uncertainty of the Chinese economy.On top of that the global economy is waiting for the potential rate rise in the US and the Chinese Government intervention in their share market and it is nice that Greece and Europe is not in the news for now.All of these issues are macro economic issues and are not necessarily reflective of issues facing us however markets always react to uncertainty in news.
From a financial advice point of view, nothing changes investors should stay focused on their own strategies rather than fixate on the movements of the market. Lets look at some numbers around our marker in 2011 the ASX 200 traded as low as 4008In February this year it hit 5929. So a peak to trough fall to the 2011 lows would mean a 32% market decline.At the time of writing today the ASX 200 is still above 5000 so we are somewhere in the middle.
On a different note last week we were asked what is a comfortable retirement and how much do you need?The Current Affair Interview aired last Monday and can be viewed here.Click here to see our thoughts.
Finance Heads Up Of The Month:
Medibank shareholders! If you or a family member were a shareholder as of the 27thof July 2015 and the share registry did not have your banking details recorded then you will need to provide them at https://www-au.computershare.com/The details need to be recorded by the 1stof September 2015 as Medibank are not wanting to pay cheques to shareholders! if you have any questions please call us or email us at [email protected] or speak to Ajla, Leah or Scott on 1300-1234-36.
Remember to hear my finance updates on Tom Elliott’s Drive every Thursday from 3.30pm where I take your calls on anything finance! If you missed the latest shows click here to listen to the highlights.