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Mice Net : February 2009
wealth management managing turbulent times story by Alison WilliAmson M Alison WilliAmson discusses strategies for managing the current global uncertainty. edia headlines, falling superannuation balances, falling property prices, rising interest costs, rising petrol costs and banking collapses in America have caused considerable angst among investors not knowing which way to turn. My first point of advice is don’t panic. The media’s motivation is headlines, and 90 per cent of the time only the sensational part of the story is told which provides a very different perspective than the facts of the matter. After experiencing many years of double digit growth in our superannuation funds and getting used to 20 per cent returns we are now facing falling values. As a whole we became complacent with investing and disregarded volatility risk that will always be present and which every now and again rears its ugly head. There is no doubt about the source of the trouble. The US recklessly gorged at the trough of credit, drawing against home equity for lifestyle spending; and the banks loaning money to borrowers with 86 mice.net