wealth-partners-financialJohn Grenshaw posted a blog on our site on the 17 June which referred to an article by Ross Gittens in the SMH. The article highlighted the role of the media in driving investor sentiment. My general view is that investors are too focused on short term performance, media noise and “perceived” factors “likely” to affect future performance. These factors often have little to do with the fundamentals driving the economies and investment performance.

One could have ended the Financial Year feeling that investment markets had a shocker in 2010–2011. The reality is starkly different. I came across this article by Perennial that summarized last year in investment markets. “Felt bad but performed OK.” Maybe we should let the facts stand in the way of a good story…
Andrew Heaven