Has your superannuation fund suffered?
Wednesday October 1, 2008
Superannuation fund amounts will have mostly taken large hits from the recent activities on stock markets, so are you planning to take action with your superannuation fund? Many people may choose to move to a more restrictive investment option for the superannuation fund, but as damage has already been done this may not be beneficial. It can be difficult to know when to go more aggressive with your superannuation fund again. Choosing to protect your superannuation fund by exposing it to less risk can minimise damage from years of poor returns, but it will also minimise gains from good years. Think carefully before taking drastic action that could greatly slow the future growth of your superannuation fund.
