Think before you switch
While we offer choice and flexibility when it comes to investing, we do recommend that you think carefully before you switch. Once you’ve chosen a strategy that aligns with your financial goals and targets, it’s important you stick with it to achieve it. If you’re reacting to market volatility or trying to time the market, switching could leave you worse off.
Follow your strategy, not the markets
People tend to panic when markets are volatile, but it’s important to keep your emotions in check. Generally the worst thing you can do when markets are down is move your super to a lower risk option, like cash. History shows that investors who do this usually miss the market recovery and lock in losses. When you switch or ‘jump ship’ at a low price you are essentially locking in your losses. If you sit tight and ride out the volatility, markets typically recover.
When is it ok to switch?
It’s possible that over time your personal circumstances and/or financial goals may change – life has a funny way of changing, that’s fine we get it. But, we do recommend you talk to a planner before making a change to your investment strategy, they can help you assess your situation and choose the right strategy.
How to switch or change your investment strategy
Before you switch investments, call us on 1800 757 607 and have a chat with one of our planners. We also give free investment advice over the phone – make sure you take advantage!
To change your investment strategy:
- Login to Member Online and change your investment options for your account
- Complete an Investment Switching form and return it to us.
