Owen Rascovitch

So if you were the person that was building up an ETF portfolio for the first time, you've got to be prepared that that's going to happen.

This is going to happen, but don't be the one that then goes, oh my God, the world's going to explode and everything's... And it does sound pretty scary, especially when you don't know what you're doing, but it's important to stay the course here.

And this comes back to what we said at the start of the episode, which was there's three things.

The amount that you save, so you're starting with whatever balance, the return that you get,

And how long do you have to invest?

If you deny yourself any of those three, you're not going to be successful.

So one of the things is if you just sell out, then you're never going to be able to compound your money because you're not giving it the opportunity.

Absolutely you do.

Absolutely you do.

So that's what we call, you know, that's market crash.

It's about as bad as it gets.

But my philosophy is,

Prepare for the worst, expect the best.

And so if you go back 30 years and you take the share market's performance from then until today, on average you'll find that it's grown at a rate of, say, between 8% and 12%, somewhere in there.

And in that time, we've had September 11, the dot-com crash, the Asian crisis.

That was a bit earlier.

We had the global financial crisis, Donald Trump getting elected.

We've had all of our Australian prime ministers who had just –

Brexit.

We've had wars, Iraq war.