November 2018 - Bongiorno Financial Update

What's in this issue?

• The current pullback in shares has been triggered by a range of things – but most notably worries about rising US interest rates and the US/China conflict.

• Shares may still have more downside, but we are of the view that it’s just another correction.

• Key things for investors to bear in mind are that: corrections are normal; in the absence of recession, a deep bear market is unlikely; selling shares after a fall locks in a loss; share pullbacks provide opportunities for investors to buy them more cheaply; while shares may have fallen, dividends haven’t; and finally, to avoid getting thrown off a long-term investment strategy it’s best to turn down the noise during times like this.

We hope you enjoy this issue.

Kind regards,

ANTOINETTE BONGIORNO 
LL.B. B.Com. CFP DipFP A.S.A.

Level 2 
431 St Kilda Road 
Melbourne VIC 3004 
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fax) 03 9820 2518

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