Pre-retirees told not to panic as market meltdown hits super balances

Super accounts took a beating this week following the carnage on world sharemarkets, with the return of the typical “growth” investment option for this financial year sitting at about minus 5 per cent.

The volatility in the markets was heightened after the US Federal Reserve lifted interest rates by 0.75 percentage point, the biggest increase since 1994, as it seeks to rein in inflation. In response, sharemarket investors took flight on recession fears.About 55 per cent of the allocation of the typical growth option is to Australian and global shares.

“We see it time and time again that markets rebound and the only question is how long it takes,” he says.Pre-retirees have long investment time-frames - with decades in retirement - and so can afford to be invested in riskier assets to achieve the expected higher returns over the long term, McIlroy said.

Market analysts say rising inflation and higher interest rates could extend the current bout of volatility.

jcollett_money good advice. ill share it with my mum who retires next month.....

jcollett_money I’m not panicking but it does delay retirement.

jcollett_money Chuck your super in cash. Inflation won't outstrip the decline in shares.

jcollett_money Yeah don’t look. Unless you’re over 60, not too much to worry about….yet

jcollett_money Don’t panic but your money isn’t coming back. 🤔

jcollett_money For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him ALEX_C_JENNINGS Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

jcollett_money 'Important to remember it's a long term investment', he says! Forgot to mention that it's a compulsory one which the government plays with on the stock exchange! The government's contribution comes out of their dividends/profits so hopefully each fund has enough cash reserves.

jcollett_money Will just remain pre-retirees a little longer

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Be patient': Why retiree Margaret isn't too concerned about her super shrinking with the plunging share marketAnxiety among retirees is on the rise as the value of their superannuation shares falls, but experts say there's one key thing that the stock market plunge hasn't changed. Not concerned about shrinking super... bullshit.. “In the long run, we are all dead!” ― John Maynard Keynes Margaret is in for a real nasty surprise.
Source: abcnews - 🏆 5. / 83 Read more »

'Be patient': Why retiree Margaret isn't too concerned about her super shrinking with the plunging share marketAnxiety among retirees is on the rise as the value of their superannuation shares falls, but experts say there's one key thing that the stock market plunge hasn't changed. Not concerned about shrinking super... bullshit.. “In the long run, we are all dead!” ― John Maynard Keynes Margaret is in for a real nasty surprise.
Source: abcnews - 🏆 5. / 83 Read more »