This afternoon I was interviewed by Paul Murray on 2UE Sydney to obtain a fiancial advisors view on the recent volatility in investment markets. The main message is not to panic. Markets historically go up and down in value and overtime, have always surpassed previous falls to make fresh gains. We also spoke about strategies and tips for people of all age groups. For younger people with mortgages, consideration may be given to commencing a share portfolio while stock prices are lower however this is a risky strategy. For people reaching retirement, salary sacrificing is a good way to increase your super balance and for people in retirement, quarantining growth investments and drawing from cash until markets recover is a good tip.
For the full interview, click the link below:
Paul Murray 2UE Financial Planning Interview with James Gerrard