The 4th quarter saw global stock markets sell off into bear market territory. The sell off was triggered by concerns over the US – China trade war and the ripple impact it is having in economies around the world. Economic growth decelerating at a quicker pace than expected. The slowdown is partially linked to the cautious business environment stemming from the trade war.
The markets delivered a Christmas gift that no one asked for this year, a bear market. Stocks capped a turbulent year with a steep sell off in the fourth quarter. 2018 was a tough year for almost all assets categories around the world. The best performing asset was cash beating both stocks and bonds. This is the first-time cash has been the best performing asset since 1994.
With the end of the year quickly approaching there are still a few things you can do to help your financial situation before the new year. Here is a quick list of items to look at this year which will give you a boost in 2018 and get your 2019 off to a great start.
We’re currently experiencing the longest, biggest bull market in history. Despite a number of reasons to feel some concern about the future -- be they political, humanitarian, other otherwise -- you probably have even more reasons to feel optimistic about your finances right now.