Many people in their 20s are in their super fund’s MySuper or default investment option, but this may not be the most appropriate one for your particular circumstances. Super is a long-term investment, so you may be willing to take on a little more risk with a growth investment option (which has a higher percentage of shares) knowing you have a long time to ride out the ups and downs of investment markets.
Some MySuper funds use a lifecycle strategy, which automatically increases the amount of defensive assets (such as cash and bonds) versus growth assets (such as shares) as fund members age.
Consider how your investment option – especially the MySuper one if you have not made an investment choice – is invested and how it has performed against similar investment options in other super funds.
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