If you’ve checked your KiwiSaver balance lately, you may be starting to feel the impact of the Coronavirus.
So how big a deal is it?
Current coronavirus concerns are causing markets to go up and down more than normal. Historical data shows that markets typically recover following an outbreak. If you are planning for the long-term you should not get too caught up in what is happening in the here and now – as we have seen with the likes of SARS and Ebola, these things come and go. In the meantime, stay calm, its about time, not timing. KiwiSaver is a long term investment.
Generally it pays to select a strategy appropriate to your investment and stick to it, as reacting to short term volatility may mean missing out on any market recovery that might follow.
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