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Slavica's avatar

Historically, I would not normally panic during a downturn and would buy more equities at lower than average prices. However, due to the orange buffoon and his nasty side kick being in charge, we are not living in normal times and I suspect unpredictability will continue to reign.

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Mark McKinley's avatar

Down turns like this have happened previously and will happen again. That is just the way of the world. So in pension phase make sure to keep sufficient cash available to pay your pension and also some invested in term deposits just in case the downturn persists for a while. Then your pension will continue with no dramas and you will not be forced to access your stockmarket investments when you will just be locking in the poor sell price you will get. And in accumulation (and pension phase) don’t panic and make your paper loss a real loss by moving into cash. Our financial advisor has us set up so that no rushed decisions need to be made during a downturn. Sure it is not good to see Stockmarket down but we can sit back and not be overly concerned. Even if you can’t access paid advice, everyone should be able to get some free advice thru your superfund so please, please talk to them before taking any hurried actions now!!

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