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On this episode of The nestegg Podcast, the CEO of Industry Super Australia, Bernie Dean, shares his insights into the impact of COVID-19 on super funds.

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Bernie joins host Grace Ormsby to unpack how the economic downturn has been affecting different demographics, why many in the older age bracket are experiencing increased levels of anxiety, and what those people can do to preserve their nest egg and minimise their losses.

Bernie also delves into Industry Super Australia’s stance towards accessing superannuation early as part of the government’s stimulus measures, whether now is a good time for people with the means to contribute extra to their super, and industry fund plans for a road to recovery for both their members and the national economy.

Thanks Bernie, for sharing your insights with the nestegg podcast team!

You can keep up to date with what Industry Super Australia are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Friday, 05 June 2020

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Investors warned on ‘contagious’ logic lapses

By Reporter · June 09 2016

Reading:

Invest

Investors warned on ‘contagious’ logic lapses

By Reporter
June 09 2016

Reading:

investors warned contagious logic lapses

Investors warned on ‘contagious’ logic lapses

By Reporter · June 09 2016

Reading:

Only investors who can identify "lapses in logic" that inform damaging portfolio decisions will be able to succeed in the current market conditions, according to AMP Capital.

In a note to investors, AMP Capital chief economist Shane Oliver said individual investors are often prone to "lapses of logic" that can end up damaging their portfolios.

Examples of such behaviours include playing down uncertainty; focusing on sharp rises and falls in certain markets; ignoring new information that contradicts past decisions; and giving more weight to personal experiences.

Mr Oliver explained that mass communication and interactions with friends and colleagues means these lapses of logic can become "contagious", with many investors getting their information from the same sources.

"Naturally, the result is magnified if many investors make the same lapses of logic at the same time, as part of a crowd," he said.

Investor optimism tends to push an asset class until a point where "everyone who wants to buy has" and a small bit of bad news will tip the market down, he said.

"The whole process goes into reverse once buying is exhausted, often triggered by contrary news to that which drove the rise initially," he said.

Mr Oliver noted that at the other end of the cycle, however, when an asset class is "cheap and unloved", investors are presented with the best opportunity to buy and the market moves upwards once again.

Being aware of past booms and busts in a particular market will go a long way to avoiding potentially damaging overreactions; likewise, investors who understand their own decision-making process will be better positioned throughout this cycle, he said.

Mr Oliver added that sticking to a broad strategy and not changing the approach throughout surges and plunges in the market rather than following the crowd is the best strategy.

"If you are tempted to trade, do so on a contrarian basis. Buy when the crowd is bearish and sell when it is bullish," he said.