Your super savings are accumulated throughout your working life, typically 40-50 years, a long time horizon in any investor’s book. Long enough, in any case, to ride out the inevitable ups and downs of investment markets and benefit from the long-term steady rise in the value of your investments.
Life events can have an enormous impact on your risk tolerance. A serious accident or illness, loss of a loved one, getting married, getting divorced, major market corrections – these can all have a major impact on how much risk you feel you should take with your super.
When people retire they generally, and quite suddenly, lose their appetite for risk. All of a sudden there’s no second chance to make up for any losses. This is it. The nest egg is the nest egg. Yet, with the prospect of a low return global economy, it’s going to be increasingly difficult to get by on returns from defensive investments such as term deposits.
A third party professional, such as a financial adviser, can really add value here – by giving you the benefit of perspective and experience; and the confidence to take your investment plans forward.
To make an appointment to talk to an NGS financial planner or receive free single-issue phone advice, please call 1300 133 177 between 8am and 8pm (AEST/AEDT) Monday to Friday.