Pretty good move averaging in on the way down. It's really important to have a solid cash reserve at a time like this, because opportunities will be plentiful now (you're already buying at a reasonable discount compared to 6 months ago) and in the next few months on the share market, and from mid-next year in property. I'm not sure rate rises have been fully priced in yet though. A tell-tale sign that there is more pain to come is the way the markets reacted to the higher-than-expected US May inflation figure. It saw a big rate hike from the Fed and a pretty savage reaction from the markets. I think stocks will keep retreating until inflation is categorically and unmistakably trending lower.
