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.