Geometric returns
Australian share prices have increased by about 6 per cent per annum as a geometric average over the past 100 years.
After accounting for inflation the average increase is about 2 per cent.
The XJO (ASX 200) declined by a further 9.7 per cent today, for its largest daily drop on record.
With new coronavirus cases continuing to increase exponentially it's probably wishful thinking to expect anything other than an equities markets meltdown.
The XJO (ASX 200) declined by a further 9.7 per cent today, for its largest daily drop on record.
With new coronavirus cases continuing to increase exponentially it's probably wishful thinking to expect anything other than an equities markets meltdown.
It's a strong argument for buying equities when they're cheap, and selling them when they aren't.
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