Without the fundamentals in place, investors lean too heavily towards assets based on short-term performance and let current conditions blow them off course.
Constructing an investment portfolio that stands the test of time is a little like choosing a destination to relocate to.
While many facets of travel are bound to change after COVID-19, there will be one aspect that does not. And that is, we will inevitably ask or be asked the age-old question of, “Is the weather good there?”
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Robin Bowerman is head of market strategy at Vanguard Australia.
