DGN vs GFC
So-called "balanced" investments lost me thousands in superannuation in the second half of 2008, so I've switched everything to fixed interest. Must consult with my brother-in-law - a successful stock market trader - to ensure this was my best course of action. I believe on our previous meeting (some months ago) he advised investing it in cash, but I could be wrong. Again.
posted by Addster @ 11:00 PM
1 Comments:
This drop in the market is sickening but you've got at least 30 years before retirement, so you'll make any losses back easily. It might take 5 years or so, but it'll come back. Even a downturn as big as this one will be small compared to the total life of your super account.
In our super accounts we have about 60% in foreign stocks and 40% in US stocks. No fixed interest at all.
We've lost between 40% to 50% of our super accounts and non super investment accounts on paper, but I'm not selling because that will make the loss real.
I'm tying to summon the courage to buy now while prices are so cheap.
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