Staying power
Thursday, March 26th, 2009
Self-funded retirees who are invested in the sharemarket have arguably been the hardest hit by the global financial crisis.
Many may now be wondering if they should move their account-based pension into a more conservative investment portfolio, which contains less growth assets such as shares and property.
So we went back through history to see the impact that switching to a more conservative portfolio would have had, if done after a major market fall.
We also outline some strategies you could discuss with your financial planner to help you weather the storm.
