It’s no stretch to say we are living in volatile times – economically, politically and socially. But when it comes to managing your wealth, it’s better to stick to your guns rather than impulsively react to the latest development.

This year alone there have been fluctuating share markets, rising inflation, constant interest rate rises, spikes in energy prices, property prices dropping, wage pressures, a new government, increased union activity and, most recently, the second federal budget this year. That’s not to mention geopolitical conflict.