Wondering if now’s the right time to make changes to your superannuation investments?
You might be tempted to change your super to a more balanced investment option when the markets are volatile.
It’s important now more than ever to make the right money moves for your circumstances. In this video, our money expert Effie Zahos will answer your money questions and walk you through the steps you could take to protect your nest egg in these uncertain times.
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Helpful links from this video
⭐ How long will your super savings take to recover?
Do you have a question for our experts?
📬 Email asktheexperts@canstar.com.au
00:00 Quickly find the answers
➡️ If there’s a lot of volatility in the sharemarket, should I change my super investment option to conservative? 0:11
➡️ My super balance has gone down considerably. When can I expect my balance to bounce back? 3:11
Sources:
📎 Industry Super’s Coronavirus and your super resource hub:
📎 Analysis by Industry Super Australia provided to Canstar. Read more:
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Important information:
This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you. Consider the product disclosure statement before making a purchase decision. Canstar provides an information service. It is not a credit provider, and in giving you information about credit products Canstar is not making any suggestion or recommendation to you about a particular credit product.
The information here is general and does not take into account market volatility. Please note that all information about performance returns is historical. Past performance should not be relied upon as an indicator of future performance; unit prices and the value of your investment may fall as well as rise.
Canstar is not authorised or registered to provide tax advice. Canstar does not provide legal or accounting advice. This article has been prepared for information purposes only and is not intended to provide and should not be relied upon for tax, legal or accounting advice. We recommend you seek advice from a qualified and registered (where applicable) professional adviser before making any financial or purchase decision.
See Canstar’s FSCG:
Research provided by Canstar Research AFSL and Australian Credit Licence No. 437917.
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