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After an extremely difficult 12 months for sharemarkets both in Australia and globally - equities are starting to show signs of a return to relative stability.
The 2009/10 Federal Budget is characterised by a $57.6 billion deficit, with the Government expecting to see the budget return to surplus in 2015/16.
While long-term valuations are beginning to once again look attractive, it’s highly likely that the Australian share market will continue to experience heightened levels of volatility in the coming months.
Time and time again, investors have tended to panic and withdraw their investments at the wrong time.
Market volatility might present a setback for short-term investors, but if you are invested for the long haul, current conditions must be taken into perspective – as a small hiccup in your long term objectives.
It’s that time of year again; the end of the 2008 financial year is fast approaching. So are you prepared?
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