Mr Oliver said the ongoing concerns around investment markets are nothing more than a “soap opera” and investors should focus on capitalising when the market is cheap.
“[Investors need to] recognise that the best opportunities in investing often arise when many are engulfed by gloom and doom,” Mr Oliver said.
“Shares and other growth assets have historically climbed a wall of worry and they will most likely continue to do so.
“There are always lots of worries out there. Sometimes they become real concerns but most of the time they come to nothing,” he said.
Mr Oliver said in order to navigate the series of bad news stories surrounding investment markets, investors should adopt a long-term investment strategy and “stick to it”.
“The environment we are now in has increased the importance of asset allocation – but this is best left to experts and those who can really put the time in to filter the noise from fundamental signals,” Mr Oliver said.
“Most individual investors will end up getting it wrong so the best approach is to agree a long-term strategy and stick to it,” he said.
“The key is to maintain historical perspective, realise that yes, bad things do happen, and that all experts can be wrong at times (including me), but that most of the time things turn out okay for the economy and growth assets."
