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.
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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.
