Wed Sep 30 2009
It's a fact that markets go up and down and just like the record returns of recent years, lower returns won't last forever. Over the long term, things normally even out.
So, take a breath and look at super returns over the longer term. And keep an eye on your fees because fees can take a bigger bite from your super savings than you might think.
Do you need to do anything?First of all, it is important not to panic and make any snap decisions based on one or two bad years. If you are at the start or in the middle of your working life, you have a long time to keep investing in your super and are well placed to take these market ups and downs in your stride.
Nevertheless, now is certainly a good time to engage with your super and make sure your fund and investment strategy is right for your retirement savings.
Click here to find out more. http://www.fido.asic.gov.au/fido/fido.nsf/byheadline/Super%20in%20a%20falling%20sharemarket?opendocument
FIDO News is a monthly e-bulletin from the Australian Securities & Investments Commission, 1 Martin Place, Sydney, NSW, Australia, 2000.
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