March 2025

Now, let's get on to the share market.

It hasn't been a great start, really, for investors, has it, this year?

Well, I checked the numbers on the calculator on my website.

In the last 12 months, the All Ordinaries Index accumulation has done 15%, which is very, very good.

It's been a very turbulent month.

But, you know, I always tell people that the all-ordinaries accumulation has done average 9% for 120 years.

But every decade, there are four bad years and six good years.

So a bad year is totally normal.

The thing is not to panic and jump out.

That's the main reason.

That is the secret, isn't it? Hang in there.

You've quoted Warren Buffett in your new newsletter, and this is just a summary of it, but what does the doyne Warren Buffett say?

What he's saying, if you had a farm and a crazy neighbour next door and every day he'd run up and offer you a price for your farm for cash, high price or low price, you'd think he was crazy.

And that's what the market's doing.

It's all it is.

So if you're a trader, you go for it.

I'm not a trader.

If you're a long-term investor, you hang in and ride out the normal fluctuations.

And leave it to those who know, I guess, too, because nothing's worse than people who think, I'm going to do this, I'm going to do that, and I'm going to make a quick buck.

They usually end up by being not very successful.

I think the worst mistake they make is, I'll get out now and I'll get back when the market has turned.

But markets turn very, very fast.

And by the time the market's turned, you've missed it.

And the biggest gains come on a quick bounce back.

So it's a crazy strategy to try and say, I'll get out now and I'll get back Wednesday, because then it's never the right time.

Now, let's get on to the share market.

It hasn't been a great start, really, for investors, has it, this year?

Well, I checked the numbers on the calculator on my website.

In the last 12 months, the All Ordinaries Index accumulation has done 15%, which is very, very good.

It's been a very turbulent month.

But, you know, I always tell people that the all-ordinaries accumulation has done average 9% for 120 years.

But every decade, there are four bad years and six good years.

So a bad year is totally normal.

The thing is not to panic and jump out.

That's the main reason.

That is the secret, isn't it? Hang in there.

You've quoted Warren Buffett in your new newsletter, and this is just a summary of it, but what does the doyne Warren Buffett say?

What he's saying, if you had a farm and a crazy neighbour next door and every day he'd run up and offer you a price for your farm for cash, high price or low price, you'd think he was crazy.

And that's what the market's doing.

It's all it is.

So if you're a trader, you go for it.

I'm not a trader.

If you're a long-term investor, you hang in and ride out the normal fluctuations.

And leave it to those who know, I guess, too, because nothing's worse than people who think, I'm going to do this, I'm going to do that, and I'm going to make a quick buck.

They usually end up by being not very successful.

I think the worst mistake they make is, I'll get out now and I'll get back when the market has turned.

But markets turn very, very fast.

And by the time the market's turned, you've missed it.

And the biggest gains come on a quick bounce back.

So it's a crazy strategy to try and say, I'll get out now and I'll get back Wednesday, because then it's never the right time.