Share markets will still face headwinds in 2023 from a different perspective based upon decisions central banks will make regarding interest rates.

The rising interest rate environment should not deter investors from allocations to equities as they can still perform well through these cycles.

Share market investors should consider the risk of holding long-duration shares in their investment portfolios as interest rates are predicted to climb.

Australian and international shares will continue to be the leading asset classes for returns in the next decade, even when factoring in inflation and volatility.