The Australian share market tumbled deep into the red as US rate rise fears and Presidential elections uncertainty rippled through global markets. There are many events happening on a global level that make these times we live in very interesting. How things play out is really anyone's guess.

By mid week, we'll know the outcome of the much-hyped US election. The outcome may lead to a market drop or a market rise, depending on who the winner is. Our recommendation is not to "take a punt" at this stage on what the outcome would be, and to alter your long-term investment plan. Remember, every generation has it's big market movements caused by big events, and after every drop, the market has always recovered. Hold tight in the face of uncertainty.

Do you have children or grandchildren who you'd like to help financially in the years ahead? Here's a little reminder of the power of compounding: if you invest $5,000 today in something that averages a 7% rate of return for 18 years, you'll end up with $16,900. That's a first car for your 18-year-old grandchild. Make use of the benefits of time and compounding interest to help your children and grandchildren in the years ahead.

If you would like to speak with us about how you can put a plan in place to help your grandchildren financially in the future, call us on 5482 2855 today.