It's unlikely that 2021 will go down as anyone's favourite year, with the Delta variant spreading across the world like wildfire.Australia's main stock index, the ASX 200, has jumped by around 14 per cent since the year began, and is trading near record highs. The broader All Ordinaries index fared slightly better .The ASX 200 has risen by an average of 8 per cent each year since 2011.
"The number of new accounts and people entering the market at the start of the year hit a new record. Because of COVID, more people are at home asking themselves: what can I do to increase my wealth?" Instead, investors took a "glass half-full" approach as they bet on rising vaccination rates, an economic rebound and higher profits for the companies they bought shares in.
It wasn't as strong as Wall Street — the Dow Jones index , S&P 500 and Nasdaq had much higher returns.But the Australian market performed better than its peers in the Asia-Pacific.
Hooray! Now I can make some big money.
Bullshit there will be increase in interest rate real inflation is about 22%. The RBA says there is no need to increase rate. Just like the vaccines it does work but take the shit.