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A roller-coaster ride for sharemarket investors in 2009, with some lessons to be learned - or re-learned - as we face up to 2010.Once again the sharemarket has demonstrated its volatility over the short term. But Tim Lincoln, of Lincoln Stock Doctor, points out that it's still predictable over the longer run, with returns over the past century still averaging 13 percent a year, despite economic, manmade and natural disasters. It's been proved once again that it's impossible to time the market, and how dangerous it is to over-borrow to fund investment. And if you invest in companies or products you don't understand, you'll increase your chances of coming unstuck.
Topics: Economy, Investment, Management
Tim Lincoln, Lincoln Stock Doctor