How the pandemic highlights the perks of staying invested
Lessons from 2020 include ignoring short-term noise if you're happy with your risk tolerance, keeping a watch on costs and not to be surprised by volatility.
About this time last year (as with every year), forecasts of how investment markets would perform in 2020 were in abundance. Many predicted subdued global growth, with most estimating that the year would deliver positive returns, with geopolitical risk the main barrier to global growth.
In Australia, we anticipated muted economic growth at 2 per cent and Australian equities were expected to deliver single-digit returns with some market volatility expected.
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Robin Bowerman is head of market strategy at Vanguard Australia.
