| 08 April 2020 Hi everyone, In this week's Smart Investing, we discuss why (even as some sense of normality begins to return) it might not be best to look at your portfolio balances right now. Rather, focus on the longer term. As you will have also heard, the government has granted eligible Australians financially impacted by the coronavirus early access to their super and more than 360,000 superannuation fund members have already registered for this. For many, this is perhaps unavoidable and ultimately necessary in these difficult times. But whatever your individual circumstances might be, Vanguard's Senior Financial Writer Tony Kaye explores why it is important to carefully consider the long-term financial impacts of early withdrawal before you act. Lastly, as the Australian dollar continues its downward trajectory, many might be wondering if hedging is an appropriate investment strategy. Our final article discusses why and when you should consider doing so. Hope you all have a great Easter break, even if it might feel a little different this year. As always, feel free to email us with your questions or feedback. Regards, 
Robin Bowerman
Head of Corporate Affairs
Vanguard Australia
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