The pros and cons of switching
Thinking about switching investments? Read these tips first….
Switching investments during periods of market volatility isn’t always in your best interests.
Thinking about switching? Then read these ‘pros and cons’ of switching:
- If your attitude to risk has changed then you may need to switch investments. To find out what your risk appetite is, use the Risk Profile calculator to help determine what types of investment would suit you. You may also want to speak to one of our Financial Planners if you would like personal advice.
- Switching is all about timing - often when you think it’s a good time to switch, it actually isn’t and can do more harm than good to your long-term investment performance
- Similarly, mis-timed switching may lead to you missing out on possible benefits when the market recovers
- Switching means you’re changing your original investment strategy – this is best done with the guidance of a financial planner who can advise you by taking into account your long-term financial goals.
For more detailed information, download the How we invest your money booklet
Call our friendly Client Services team on 1300 65 18 65 if you have any questions.
For personalised advice tailored to your needs, consider talking to a Financial Planner.