Superannuation risk profiler

Step 8 of 9

Avoiding common investment mistakes

Don’t fixate on losses

As investors, we often feel the pain of losses more than we enjoy the gains. But short-term losses need to be looked at in context of the bigger picture – they’re often a necessary part of achieving long-term growth.

Don’t follow the herd

Fear of being left behind often prompts investors to chase ‘what’s hot’. But choosing investments based on short-term performance can easily lead to disappointment, as too often their best days are behind them.

Don’t try to time the market

Moving in and out of growth assets to maximise gains is notoriously difficult. Sticking to your investment strategy helps ensure you don’t miss out on the best the markets have to offer.

Don’t be too conservative

If you’re naturally a cautious investor, it might be tempting to ‘play it safe’ with your super – especially when markets are volatile. But being too cautious with super could be a risk in itself, as a conservative approach may not deliver the growth you need over the long term and could see you fall short of your retirement goals.

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