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The Australian All Ordinaries Index (AORD) closed at a record high of 8,825 on 14th February 2025 and the Down Jones Industrial Average (DJI) closed at a record high of 45,014 on 4th December 2024.
As at close yesterday and overnight, both indices have fallen 8% which does not even rate as a correction (defined as a fall of 10% from recent peak).
Beware the media, they do like to talk up the drop in dollars becasue it makes for great headlines.
The likelihood that this could develop into a full-blooded crash (defined as a fall of 20% from recent peak) is always a possibility because it is not a matter of if but when will the United States go into its next recession and tariffs are certainly helping push the United States into a recession.
The key for investors as taught by Benjamin Graham is never to panic, invest according to our appetite for volatility and when the next panic takes hold, react by buying more quality assets at discounted prices.
Our business is based on referrals, so if you have family, friends or colleagues that want advice please ask them to contact us.
It is difficult to disagree with the statement that ‘software is consuming the World’.
This year is predicted to be all about AI Agents, computer software (specifically, artificially intelligent bots) which will automate tasks, become predictive and work with other bots to enhance our user experience and drive business productivity.
AI Agents are already here and will change everything from search, to shopping, enterprise and knowledge work (and yes, that is all professional services).
Our business is based on referrals, so if you have family, friends or colleagues that want advice please ask them to contact us.