No, please don't sell everything

Would you sell your own business just because someone offered you a lower price than eight days before? No? Well don’t do that in the sharemarket.

When it comes to investing, the most frightening time I can remember was in 2008/2009. Share prices plunged as the Global Financial Crisis took hold, international banks collapsed, and the global economy really did stand on the brink of financial Armageddon.

Yet here we are seven years later.

The world didn’t end. And the hyperinflation that some thought would be unleashed by central banks slashing interest rates in the aftermath didn’t happen either.

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