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Super is typically a long-term investment – over 40 years for most of us. With so much time to ride out any downturns why isn’t everyone invested in the high growth/high risk option? Because, although time is a major factor when it comes to investing, your circumstances and your attitude to investing matter too.
First up, remember that your investment timeframe may not end when you retire. Many members wisely keep investing throughout their retirement – another 20+ years. That’s a very long 'weekend'. And, as we’ve noted already, it’s a long time to overcome any periods of negative returns. However, if your timeframe is shorter than 20 years, this may reduce the amount of risk you’re comfortable with.
Some people get a kick out of making their own investment choices – constructing their own strategy, keeping an eye on investment markets and fine-tuning their portfolio themselves. Others…not so much. With smartMonday, you can choose the ‘hands-on’ level that suits you best:
When it comes to investing, some people have nerves of steel, others lose sleep over it but most of us are somewhere in between. Our attitude to investment risk can also vary over time. For example, as people approach their weekend (retirement) they often become more cautious and prefer to reduce their growth-style investments in favour of more defensive investments.
Contact a smartCoach today on 1300 262 241, or email smartcoach@smartmonday.com.au.
