The start of 2022 has been painful for investors with sharp losses in shares and bonds.

And yet despite this setback and rough patches in 2015, 2018, and in early 2020 with pandemic lockdowns, median balanced growth superannuation funds returned 8.4 per cent pa over the 10 years to June after fees and taxes.

While dull compared to the double-digit returns of the 1980s and 1990s, it’s pretty good once low average inflation of 2 per cent pa over the last decade is allowed for.

So what silver lining can be found in the market downturn? And what should investors keep in mind as they eye off higher medium-term return potential?

AMP's Chief Economist Dr. Shane Oliver breaks it all down in the latest episode of Oliver's Insights, part of the Simplifying Investing podcast series.

This episode can be found on your favourite streaming platform, including Spotify, Apple Podcasts and Google Podcasts.

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_{This podcast is general in nature and hasn’t taken your circumstances into account. It’s important you consider your personal circumstances and speak to a financial adviser before deciding what’s right for you. Any general tax information provided is intended as a guide only. Remember the value of investments may go up or down and you may not get back the amount you invested. The opinions and views featured in this podcast reflect the individual’s own. Date of publication 27 July 2022. AWM Services Pty Ltd ABN 15 139 353 496, AFSL No. 366121, part of the AMP Group.}