It has been a horror show for local and international markets, but younger investors are shaking it off.
Suzanna Penaflor is keeping an eye on the future.A combination of rising inflation, interest rate increases and slowing growth led to Wall Street careening into a bear market and falling more than 20 per cent from its peak. The ASX 200 has also turned into a sea of red.
Fellow investor Suzanna Penaflor has the same strategy. The Sydney local, 30, has invested mainly across ETFs and a couple of equities since she entered the market in 2020. And although she’s not interested in buying the cryptocurrency dip, she admits that if she had a bit more spare cash, she would invest more into her ETFs.However, not all investors are keeping their cool, said Glen James, the host of podcast. He’s attempting to help his 40,000-strong community steer clear of any potential panic.
“We have to straddle this thing of people, emotionally, seeing that it’s cheaper [to invest] and people saying, ‘buy now, buy now’,” he said. “Twenty years ago, or during the GFC, there was no information and no education and when the times got rough, they’d sell their superannuation into cash for seven years,” he said.
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