EDITORIAL: Sit tight, don't panic over share markets crash
EDITORIAL: THE sudden plunge in world share markets will have plenty of people nervous, particularly self-funded retirees.
No doubt some people, especially those recently retired, will be watching the share markets apprehensively.
But it must be remembered that superannuation is a long-term business.
There will always be fluctuations as our market reacts to what is happening around the world.
It seems that every time China sneezes, we catch the cold.
But Australians are in a much more secure financial environment.
Our strictly regulated banking industry protected us from the worst of the fallout from the GFC.
This latest drop is seen as a correction by many financial experts.
For those with cash to spare, bargains are available.
Now is a time to sit tight and not panic.