"The biggest mistake people make in an event like this is to sell after a sharp fall, which locks in a loss, and then they miss out when the rebound comes, " said AMP Capital chief economist Shane Oliver.
Mr Montgomery said some businesses will be affected directly by coronavirus — such as airports, airlines or travel agents — while other quality companies would emerge from the slump in reasonable shape. A private client adviser at Hewison Private Wealth, Chris Morcom, said that for people in the "accumulation" phase of super, a market downturn was an opportunity to buy units in their fund more cheaply. It was not a time for these members to become more conservative in their investments."It's a good opportunity for accumulators to keep accumulating," he said.
Dumping has looked fairly optimal so far.
Rubbish. I put everything into cash a month ago. I saw this coming.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SBSNews - 🏆 3. / 89 Read more »
Aussie share market nosedives as Trump travel ban instantly wipes billionsThe Aussie share market has been rocked by Donald Trump's Europe travel ban, dropping a staggering 7 per cent in lunchtime trade. 9News My super will be gone soon. The biggest take-away from the coronavirus, the biggest lesson learned will be the absolute hold on the world, the complete hold on the minds of people and the havoc that can be caused by the media, in very very quick time. A leader protects their citizens first
Source: 9NewsAUS - 🏆 10. / 72 Read more »