Follow these 3 steps to help take control of your investment today.

1. Know your current balance

Global markets have been very volatile this year, so the current balance reported on your latest statement may have changed. For the most up-to-date figure check your SuperOnline account, where the unit prices are updated daily, and this will give you a more accurate reflection of your current position. Once you know how much super you have, you can visit the ASFA Super Guru site which will give you an indication if your super is on track. If you find you are not where you would like to be, there are lots of things you can do to boost your super to get there. 

2. Think about your risk appetite

What are your long-term investment objectives for your super? And what level of risk are you comfortable taking on? Both questions are important, and now is a great time to weigh up your options. 

If you didn't make an investment choice when you joined TelstraSuper, and you’re in the MySuper investment option, then you’ll have a lifecycle investment strategy. This is a strategy where the level of investment risk decreases as you get older. 

Not sure what investment option you’re in? The easiest way to find out is to log in to SuperOnline. From here you can consider what level of risk you are comfortable with and decide if making a switch is right for you, or if you’re happy to stay the course with your current strategy. 

3. Don’t panic

COVID-19 has caused volatility both in Australian and international equity markets and this can impact your super. But over recent years there have been several major hits to world markets, most notably the Global Financial Crisis in 2008. 

So, what can we learn from previous volatility? Don’t panic. Historically, markets have shown that when they take a hit they have also recovered, and those that have stayed with their strategy for the longer term   can reap the benefits^.

4. Seek help

Need help with your super? You can receive advice about your risk appetite, investment choice and boosting your super over the phone by speaking with an Adviser from TelstraSuper Financial Planning. This type of advice won’t cost you anything extra as it’s included in your membership fees. Give us a call today on 1300 033 166.

^Past performance is not a reliable indicator of future performance.

Any general advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before you act on any general advice on this website, you should consider whether it is appropriate to your individual circumstances. Before making any investment decision, you should obtain and read the relevant product disclosure statement which is available on the Website or by calling 1300 033 166 between 8.30 am and 5.30 pm (AEST) Monday to Friday.