For many Australians superannuation is or will become one of their biggest assets. For this reason, when share markets become volatile and start to move towards a downturn, a common response is to become concerned about what is happening with your super.
Remember, you’re not in this alone. The team at EISS Super are ready to help you. To make an appointment with one of our Financial Planners, please call 1300 369 901 (and select option 2) or visit eisuper.com.au/appointment.
A long-term approach to investing means holding steady during a downturn so you are invested in share markets when they start to turn around. This ensures you are well placed to recuperate your losses and benefit from the comeback.
The following charts provide a comparison of what a member’s experience would have been in the 10 years following the GFC if the member had maintained their investment strategy compared to if they had switched to Cash. For the purpose of the illustration we have assumed the switch occurred at the bottom of the downturn because this is what we often saw.
In all instances, members who remained in their original investment option throughout the GFC made up the initial loss plus more, whereas for those who switched to Cash the losses were not recovered in the ten years that followed the GFC.
Please note, past performance should not be regarded as an indication of future performance.
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