I thought Australians loved politics, right?

When was the last time you sat back and thought to yourself, “geez, I just love politics”? Probably never. Which is the why the news and, more importantly, the news’ political polls, always favour the non-elected political party; because news reflects the views of the minority. People are more likely to complain than they are to pour adulation over any political party. So, the result: news polls have very little relevance. The only poll that we should take notice of, is that one where the whole country gets together and places their preferences, which ultimately becomes legally binding. I think that particular poll is called an election.

Political indecision is very normal. And so it should be, after all, the welfare of the entire country is potentially at stake. The key is not to let the supposed ‘political mayhem’ and potential ‘Prime Ministerial musical chairs’ get you stressed about the state of the economy, the stock market and your retirement nest egg. Yes, it can be easy to get caught in a spin about the state of the country, but the good news is, is that the correlation between stock market performance and the elected prime minister is pretty close to zero.

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Kind Regards,

Mark O’Toole CFP

Founder/Managing Director