Even more important, don’t panic, sell everything /move to cash and crystalize the losses. Super is a long term investment and the losses are always followed (eventually) by gains, if you are out of the market when that happens and have to buy back in when it is more expensive you lose even more. And if the situation is worse than that and the world as we know it is actually ending your super balance won’t matter anyway.
That is more stressfull, but even if you are nearing retirement most of your savings generally have a longer time frame. Generally you would be moving some of the money to a lower risk investment in the leadup to retirement as the investment timeline gets shorter, into things like bonds which have been going up.
Do NOT look at your super account. Not that you’re supposed to anyway.
Even more important, don’t panic, sell everything /move to cash and crystalize the losses. Super is a long term investment and the losses are always followed (eventually) by gains, if you are out of the market when that happens and have to buy back in when it is more expensive you lose even more. And if the situation is worse than that and the world as we know it is actually ending your super balance won’t matter anyway.
some of us don’t have the long term , we are in short to medium term
That is more stressfull, but even if you are nearing retirement most of your savings generally have a longer time frame. Generally you would be moving some of the money to a lower risk investment in the leadup to retirement as the investment timeline gets shorter, into things like bonds which have been going up.
that’s exactly what I did
Is it buy the dip time?
Nah, it’s time to put it all in crypto. I’ve moved all my investments into Trump coins and I’m going to be rich any minute now.
Sometimes you can catch a falling knife by the handle.
Ah you’re an optimist I see