Tony Kynaston - Situation Normal

Is this your first global share market meltdown?I generally talk about markets in broad brush strokes. This is not a news podcast but I know there's a lot of anxiety around at the moment. Hence this episode. Blog post for this episode - https://www.sharesforbeginners.com/blog/situation-normal.Tony & I recorded this on Wednesday March 11 after the Australian market dropped ~20% over the last 2 weeks. As I write this at 8:30am on Thursday March 12, Wall St has fallen another 6% overnight. Things are getting ugly. But as Tony points out this is situation normal.The problems are caused by the corona virus and the price of crude oil. Rob Gilmour, who you may remember from the first episode of this podcast, dropped around and gave a brief overview about what's happening with oil and why it matters. It's right at the end of the episode after Tony.TONY KYNASTON is a multi-millionaire professional investor. Thanks to the checklist system he developed, the average return on his portfolio over the last 20 years has been 19.5% pa. Tony's knowledge and calm analysis takes the guesswork (and trauma) out of share market investing.Portfolio tracker Sharesight tracks your trades, shows your true performance, and saves you time and money at tax time. Get 4 months free at https://www.sharesight.com/au/sharesforbeginnersDisclosure: The links provided are affiliate links. I will be paid a commission if you use these link to make a purchase. You will also usually receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they’re offering something of value. Shares for Beginners is for information and educational purposes only. It isn’t financial advice, and you shouldn’t buy or sell any investments based on what you’ve heard here. Any opinion or commentary is the view of the speaker only not Shares for Beginners. This podcast doesn’t replace professional advice regarding your personal financial needs, circumstances or current situation. Hosted on Acast. See acast.com/privacy for more information.