Share markets in Australia, and around the world, suffered terribly over March 2020 as measures imposed to slow the spread of Covid-19 took hold. At one point the Australian share market was down 35% from its peak in February, and while the market has recovered somewhat since then, it is still in negative territory.
Share investors should expect stock markets to fall one year in every five. In return, the benefit of owning part of a company is generally higher than average returns compared to more defensive asset classes such as cash or fixed interest. In my experience, investors find it easier to stay connected with their long-term objectives in the ‘up’ years but can lose focus during the ‘down’ times.
Director and Private Client Adviser, Chris Morcom, provided The New Daily readers with some excellent advice regarding what to do with their superannuation during these challenging times. Ultimately it all depends on what stage of life you are at. Read the full article here