Investors remain jittery after US recession fears triggered a global market rout earlier this week. Sudden downturns are a good time to review your investment strategy.
Don’t panic is the usual advice given to investors during a market selloff, such as the one we witnessed earlier this week.
It’s sage wisdom if you’re a younger investor playing the long game. History says you’ll recoup your losses – and then some.
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Michelle writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com
