The best way to take advantage of volatile markets is with a recurring contribution product, because with lower average unit prices over a period of time when the market is down, you will be able to buy more units compared to when the market is up. This is referred to as rand-cost averaging. Keep making recurring payments to benefit from rand-cost averaging to really get ahead when things improve again.

Please consult with a financial planner before you take any action regarding your savings and investments

It’s important not to make hasty decisions based on fear. Switching to a lower risk portfolio can lead to ‘locking in losses’. Remember, cashing in at a low point makes a paper loss a real loss. Whatever is happening in the markets, you need an investment strategy that’s aligned with your goals, your appetite for risk, and how long you have until you hope to retire. These are all personal and unique to you. The best way to plan for this, review this and to deal with uncertainty is through proper financial planning, together with patience and persistence with your investment strategy.

Making emotional decisions, based on short-term market fluctuations, may result in more harm than good and destroy the long-term value to your savings.

Remember: saving for retirement is a long-term strategy requiring patience and persistence. The old saying ‘It’s not about timing the market, but about time in the market’ remains true.

Please consult with a financial planner before you take any action regarding your savings and investments