Owen Raskovich

speaker

6,765 appearances 21 recordings 1 series first heard Mar 2019 last heard May 2020

Owen Raskovich’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Season 2: Coronavirus and prepping finances for... a recession? · 12 Mar 2020 podcast

We might wait a few months.

So then you kind of see those second order effects and they all play a part in hurting or just impacting the economy.

So the next one, which is arguably the thing and the reason you're listening to this is the Australian share market.

It has fallen.

Global share markets have fallen.

Why has the Australian share market fallen?

I'm going to get to some of the ways that you can deal with that in just a second.

But for now...

Most listeners will be thinking, oh my God, this is terrible.

Why would anyone be an investor?

Because for most listeners, chances are this is, especially if you're a first time investor, this is the first time you've experienced a market correction or a market crash.

This is what we talk about when we say that the market corrects up to a 20% or 10% fall every 357 days.

So I've said that repeatedly on the show for the reason of preparing you mentally for these types of uncertain situations.

And what I can say to you now is welcome to the party.

This uncertainty and this reaction from investors is the reason that investing works in the long term.

If everything was rosy and everything was great all the time, there would be no opportunity to make more money than someone else.

Because if we all do the same thing, we're all just going to get average results.

But in the share market, you are paid more for the risk that you take relative to things like, say, putting your money in a term deposit or a savings account.

There are two more things and there are two more impacts that we've already seen as a result of the coronavirus outbreak.

And the first one is, have you been to the fuel pump?

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