October 01 newsletter
September 2001 will be remembered for the
terrorism inflicted on America's home soil. Stories of personal
tragedy and heroism were conveyed through the media for many days.
However, it did not take long for the resulting economic impact
to be felt. From the direct consequences of which reduced air
travel is an example through to the intangible loss of consumer
confidence, the Dow Jones led the rest of the world stock markets
down.
This all served as a reminder to New Zealand investors that if
you invest in shares; a golden rule is that it must be for the
longer term. This will help you ride out unforeseen events whether
political, economic or other.
An additional tool to help protect yourself against market fluctuations
is to take advantage of dollar-cost averaging.
This topic had been added to the site today and we hope that you
find it useful.
|
