Society ‘magnifies’ market losses, says financial expert

Weekend Variety Wireless 25/09/2018
Photo: iStock.

The rise and fall of global markets is inevitable, says one financial expert, but society doesn’t necessarily interpret them that way.

“They put far more attention on the times the markets retrace,” said Gary Stone from Sharewealth Systems.

Mr Stone told RadioLIVE that both the public and the media take a rising market for granted, while overemphasising the losses of a dropping market.

“They never tell you how many billions that are added on when the markets are rising and are at an all-time high.”

This is precisely what chases people away from investments, explained Mr Stone.

“They don’t engage because of that fear of volatility.”

Listen to the full interview with Gary Stone above.

Weekend Variety Wireless with Ryan Bradley, in for Graeme Hill, 8pm - midnight Saturdays and Sundays, on RadioLIVE and streaming live to the Rova app on Android and iPhone.