Where you should have invested in 2022?
In 1905, George Santayana wrote; “Those who cannot remember the past are condemned to repeat it.” That’s why it is always worthwhile to reflect on the past year to identify any lessons that we can learn. Below I share the investment lessons that I believe last year taught us. Review of markets in 2022Firstly, let’s review what returns various asset classes generated in the 2022 calendar year. The US market lost around 20%. However, if you were an Australian investor (unhedged) you would have only lost approximately 12% because the Australian dollar devalued (compared to the USD) over the…
The skinny
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