The biggest mistakes retirees make with their investment savings and super

For years and years, you must have heard the message: “Don’t concentrate on short-term returns, market can be very volatile short-term, keep your eyes on the long-term outcomes that your fund has been designed to deliver. Don’t react impulsively to the short-term downturn of the market, stay invested, don’t sell your investments to move to cash when the market is down, keep your investment going, as the market will recover, and you will miss out again. Look at Warren Buffett. One of the richest investors in the world, one of the best investing minds, and yet he never tries to pick the market, he only buys high quality stocks, he is a long-term holder and investor of good quality stocks, but he never tries to outsmart the market, just good old fashion long-term consistent investing. So if the godfather of investing cannot do it, why on earth would you think you can? For the last few years our government has had an agenda to “fix superannuation funds” and remove those of low performance. I can understand, accept and fully support trying to remove super funds that overcharge members for their service, but to push super funds to meet the annual performance test is just ludicrous. Now, even the biggest independent superannuation and investment research houses are confirming, what I said in my very fist video, when introducing the whole idea of naming and shaming super funds underperformance. See “8 changes to super”. I prepared it a year ago, but the message is just as valid today as it was the day I recorded it. See point 4, and you will know exactly how I feel about the whole idea of naming and shaming and the idea of the annual performance test. Video Mentioned:    • 8 Changes to super #ChangesToSuperannuation   To download the book 12 PRINCIPLES OF INVESTING: https://ebook.aboutretirement.com.au/... Contact details: Katherine Isbrandt of About Retirement Website: https://aboutretirement.com.au/ Email: [email protected] Or connect with me: https://www.facebook.com/katherineisb...   / katherineisbrandt     / katherineisbrandt   https://www.pinterest.com.au/katherin... FSG: https://aboutretirement.com.au/wp-con... Katherine’s Adviser Profile: https://aboutretirement.com.au/wp-con... Shaun’s Adviser Profile: https://aboutretirement.com.au/wp-con... #KatherineIsbrandt #Aboutretirement #MistakeRetireesMakeWithSuperInvesting