Some of you might be losing sleep about the relatively poor performance of your super fund over the past year. After several years of strong returns, it’s concerning to see negative growth. It’s another worry in a turbulent time for our finances.
However, veteran finance writer Noel Whittaker offers reassurance, reminding us that good super funds have averaged an 8% return over the long-term. Over twenty years, there will be a few years of negative performance, but over time it’s still a solid investment towards retirement.
Noel Whittaker stresses the importance of taking the long-term view with superannuation, choosing a well performing fund and sticking with it.
For those nearing retirement, consider your risk tolerance and whether moving to a more conservative investment stream within your fund might be prudent.
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Older Women’s Network NSW
The Older Women’s Network in NSW believes in a society rich in social capital, where mutual respect and trust are paramount, where diversity and debate are valued and where people and their networks have a legitimate voice.
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We acknowledge the traditional custodians of the land on which we work and live, and we pay our respects to Elders past and present.
We acknowledge the sorrow of the Stolen Generations and the impacts of colonisation on Aboriginal and Torres Strait Islander peoples.
OWN NSW supports the Uluru Statement from the Heart, the call for a First Nation's Voice enshrined in the Australian Constitution and a Makarrata Commission to oversee agreement-making and truth-telling.