2018 has been an extremely frustrating year for investors as markets have fluctuated wildly. The JSE All Share and World MSCI Indices’ returns year-to-date are down 11% and 2% respectively in Rands. Equity markets by nature are volatile and this is a critical aspect that investors need to understand and tolerate. Markets have corrections and these occasions require patience so that investors may benefit. Corrections are when valuations are normalised or brought back to their long-term averages. Investonline has had another good year as clients have benefited from a lower risk investment strategy resulting in our average risk-profiled portfolio outperforming the industry average by 3%. We believe investor returns will be better in 2019.