Given the year it’s been, it’s beginning to look like Australia will almost fully be back to normal in terms of people movements in time for Christmas, with Victoria beginning to open up from COVID-19 related lockdowns, and even Queensland announcing a path out of the restrictions they currently have imposed.
And while that means many of us are no doubt looking forward to interstate flights, trips to see family and friends, or even just a simple restaurant meal, we will all still need to keep an eye on our portfolios, with the latest data around the world suggesting inflation rates are continuing to creep higher, while some volatility is starting to creep back into financial markets.
To that end, we came across a great article last week that ultimately dealt with investor psychology, and some of the pitfalls that come with managing your money in volatile markets.
From our perspective, this article, and the studies it quotes, reinforce why pink diamonds can make such great investments for long-term wealth builders today.
We explain in more detail below.