Australia’s sharemarket is down more than 30% from its peak in February. Many investors are understandably left wondering whether they should stay in the markets or go to cash or something less risky. Some of your friends may be suggesting this or perhaps you heard it on the grapevine that this may be a good idea.
In the midst of the current market volatility we are experiencing, legendary investor Charlie Munger from Berkshire Hathaway sums it up best, “The big money isn’t in the buying and selling, but in the waiting.”
Exchange traded funds (ETFs) are a low-cost way to earn a return similar to an index or a commodity. They can also help to diversify your investments and you can buy and sell units in ETFs through a stockbroker, the ame way you buy and sell shares.
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