2018 was a down year for investment returns across the board.
In US dollar terms, every major asset class apart from cash fell in value. That’s an even larger percentage of assets falling than the financial crisis in 2008! If you didn’t lose money as an investor in 2018, you’ve done very well.
The Australian dollar also got hit, falling 9.7% during the year. The falling dollar had a silver lining since it helped to boost returns for Australians investing overseas who had not hedged the currency.