Stockmarket up 20% in 2006
A very merry Christmas to Australian equity investors with the All Ordinaries price index up 3.3% for the month of December, 10.4% for the quarter and 19.9% for the 2006 calendar year. The last four calendar years have been 11.1%, 22.6%, 16.2% and 19.9%. Young investors not only need to get over believing in Santa Clause, but they also need to be told that stock markets don't go up every year.
You can study long term trends in the Australian market back to 1875 in our Research Centre - use Dataseries Graphing and select 'Stockmarket' as a series to graph. Some notable down years are 1990 (down 22.4%), 1981 and 1982 (down 14.4% and 19.7%) and 1973 and 1974 (down 28.7% and 30.9%). Diversification across different asset markets and investments still makes good sense despite this stellar run in the AllOrds. Who knows what year 007 might bring? - Casino Royale or Thunderball?
Posted Tuesday, 2 January 2007
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