Could you possibly give us your assessment of the current situation
which seems to get worse by the week?
Q.
My allocated pension funds have dwindled alarmingly in the last
few months and I am seriously thinking of withdrawing the balance
and simply putting it in the bank. No doubt there are many others
in my position at present. Could you possibly give us your
assessment of the current situation which seems to get worse by the
week?
A.
Remember the sharemarket has never failed to reach a new height
after a severe fall as we are experiencing now. We all know the
market will return, the question is when, so I suggest you keep at
least three years planned expenditure in cash while you are
awaiting the recovery. Just make sure you check with your adviser
to ensure your funds are performing at least as well as their
peers.
Each week financial advisor Noel Whittaker answers your
questions.
