- One of the most volatile six months in share market history came to a close with markets here and overseas recovering much of the dramatic falls of February-March.
- The turnaround was nothing short of breathtaking, with the Aussie S&P/ASX200 index posting a 16.5% rise between April and June, while the US S&P 500 index rose 20.5%.
- While not erasing the Feb-March falls in full, the rebound in equity markets has helped diversified portfolios to close out the financial year in reasonable shape.
- Equity markets continue to be supported by policies implemented by many countries to limit the economic fallout from the COVID-19 pandemic.
- If there is one investing lesson to take away from the madness of 2020 so far it is this: the less you play with your portfolio, the less likely you are to get played by it.
Another financial year comes to a close. It’s a safe bet, however, that history won’t judge 2019/20 as ‘just another financial year’. It could not have been more atypical. At least not the second half of it, where COVID-19 completely overtook any and all plans for 2020.
Yet even amid the chaos and confusion of the past six months there remains reason for optimism. For the preservation of hopes and dreams. For a future beyond the current coronavirus-induced malaise.Continue reading “Clover FY 2020 Investment Year in Review”