For those approaching retirement, wild fluctuations can be stressful indeed. Here’s how to hold your nerve.
, a free weekly newsletter giving expert tips on how to save, invest and make the most of your money, is sent every Sunday. You’re reading an excerpt −Since the beginning of the financial year, the sharemarket has alternately taken off then tanked, not just dramatically but almost daily.Well, by the 3.
If your fund hit and exceeded these returns, it’s steered you successfully through some challenging waters. It’s far too easy to sell at the bottom of an investment cycle and it’s virtually impossible to pick when that cycle is about to turn around … and buy in time.
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