30/06/2026
30 June 2026
The end of the financial year, and the flurry of reporting, analyzing and reflection begins.
For the record, the Australian All Ordinaries Index showed its fourth consecutive year of positive, but only just.
From 1 July last year, the net effect on the markets was a gain of 213 points … or, simple terms, virtually nothing.
We can point to a lot of reasons, but the reality has been that a series of domestic issues meant we went nowhere in the last twelve months.
True, we did record a couple of record highs along the way, only to see them wiped backwards. Proof yet again, that nothing is predictable, or guaranteed.
My phone very helpfully sends me sharemarket updates, and I have copied the results of the Australian market for the last year, as well as the last two, five and ten year periods.
The last one is the graph going back to 1984.
You will know that I talk continuously about the “long term” … and these graphs all confirm the reasons why.
Use quality well-managed investments, keep money back for short term spending, and take a long term approach. And although individual years will certainly ( but occasionally ) disappoint, history shows that there are far more good years than bad.
And the two basic rules still apply …
1. Don’t panic.
2. Don’t do dumb stuff with your money.
Thank you all for a very interesting year.
Let’s do it all again !
