The following table provides a really interesting way to look at year by year returns for 18 of the major developed equity markets in the world over the past 25 years.
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The take away is the great fluctuation in performance from year to year. Australia has had very strong years such as 2001, 2002 and 2009 but years like 2008 remind that only investing here is by no means a sure bet to better investments held in other nations. Another reminder of the importance of diversification