Retirement expert Jo White, 64, is bracing herself for a potential market crash. She’s refused to check her superannuation balance due to the recent volatility in financial markets. White warns that Monday will be a “bloodbath” once trading resumes.
Wealth experts have outlined a game plan to help retirees navigate this uncertain period. While the exact strategy may vary, several key points emerge:
Firstly, diversification is crucial. Experts recommend spreading investments across different asset classes to minimize losses. This could include allocating funds to stocks, bonds, and other assets that tend to perform well during market downturns.
Secondly, patience is key. Avoid making emotional decisions based on short-term market fluctuations. Instead, focus on long-term goals and maintain a disciplined investment approach.
Thirdly, retirees should review their financial plans regularly. This could include assessing income sources, expenses, and debt obligations to ensure they remain financially secure during times of market uncertainty.
By following these tips, retirees can better weather the storm and make informed decisions when the market eventually stabilizes.
Source: https://www.afr.com/wealth/personal-finance/this-retiree-expects-a-market-bloodbath-here-s-what-will-help-20250406-p5lpi4