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‘Don’t panic’: cash isn’t king when it comes to super
UPS and downs are a part of life, especially when it comes to your superannuation pool. The past month has seen heightened volatility in financial markets, where much of Australians’ super is invested. Some have seen their funds drop thousands of dollars since the US attacked Iran on February 28, creating a sense of panic. The nation’s largest super fund has seen a sharp increase in members switching their investment options to cash, at around four times the usual rate since then, as members try to curtail losses. “It’s a smaller amount than what we saw dur
