Hows your super looking? - ive just gone over to cash - shame I didn't do it a few weeks back
Whenarewethere said
09:53 PM Mar 22, 2020
Treading water as it was all cash before the downturn, but hope my tenants can keep paying rent, but I'm happy to be flexible if it comes down to it.
BW said
09:58 PM Mar 22, 2020
Johnatan , You have changed your mode of transport?looks like some sort of spaceship!
Whenarewethere said
10:21 PM Mar 22, 2020
With what's going on currently it wouldn't be difficult to think we have come to the end of the world!
BW said
02:04 AM Mar 23, 2020
when the animals start to turn on us , then really get worried !
Dougwe said
05:46 AM Mar 23, 2020
BW, especially if apes put white paint on their forehead and one calls himself Cesar.
Wanda said
08:55 AM Mar 23, 2020
Not sure how your super is set up, but, possibly you have now taken a big hit, (loosing 20+%)
I think most advise is still to just sit it out(hard I know).
Get good sound advise before making any decision.
Ian
dogbox said
08:59 AM Mar 23, 2020
Luderick wrote:
Hows your super looking? - ive just gone over to cash - shame I didn't do it a few weeks back
to late you have just locked in your losses should be looking to go the other way some time in the near future to ride the recovery
TBF said
10:15 PM Mar 23, 2020
dogbox wrote:
Luderick wrote:
Hows your super looking? - ive just gone over to cash - shame I didn't do it a few weeks back
to late you have just locked in your losses should be looking to go the other way some time in the near future to ride the recovery
I locked into cash early(3 days after the @#$% hit the fan. Only lost 30K . Watching the market since, I would have lost another 75K so far. Reason I moved, this market is on a long slope downhill. I can return to the previous investment strategy anytime the market makes a sustained turn for the better. I can also draw down and buy some shares if the time and price is right. Its going to be a long wait for goods news this time round. I also fear that some companies may not make it out alive.. Just saying.
Warren-Pat_01 said
11:53 PM Mar 23, 2020
Hi Wanda,
Like you we're sitting it out (my super fund agrees). Lost about 8% last week, haven't had a look this week yet.
I might have done something else if my balance was low-ish. Other friends have taken the other option.
Tony LEE said
06:40 AM Mar 24, 2020
Happy to sit it out just as we did for the GFC and the smaller downturn more recently. Locking in losses by shifting to cash isn't a smart move for most people
All our super is in highest yield options with an industry super fund and that is where it will stay because my life expectancy is far too long to be putting it into options that don't keep up with inflation.
Aus-Kiwi said
11:14 AM Mar 24, 2020
Way back with gfc . We debated this on another forum . I still had real estate investments. Some sold, cash in bank . My investments doubled in 6 years in capital gains with 8 to 10% rental . The guys who cashed out are not doing too well !!! Hang on ride it out . These people (in most cases) running super are far smarter . Larger portfolio, greater leverage . What % are term deposits now ? Yes it goes up
and down . Dont let anxiety worry you .
shanem said
07:04 PM Mar 26, 2020
RUM REBELLION agree with my own research that the stock market could potentially drop by 65% to 75% from its high a while ago. also suggest the bottom could last for much longer than 6 months or so. we shifted to cash some years ago - the general rule being to go conservative 5 years before retirement. at present, stocks have declined back to 2006 levels when you look at the detail of ups and downs since - many 'experts' often have a vested interest in encouraging people to stay in high risk (ie, high interest) investments. be careful, folks.
Treading water as it was all cash before the downturn, but hope my tenants can keep paying rent, but I'm happy to be flexible if it comes down to it.
With what's going on currently it wouldn't be difficult to think we have come to the end of the world!
I think most advise is still to just sit it out(hard I know).
Get good sound advise before making any decision.
Ian
to late you have just locked in your losses should be looking to go the other way some time in the near future to ride the recovery
I locked into cash early(3 days after the @#$% hit the fan. Only lost 30K . Watching the market since, I would have lost another 75K so far. Reason I moved, this market is on a long slope downhill. I can return to the previous investment strategy anytime the market makes a sustained turn for the better. I can also draw down and buy some shares if the time and price is right. Its going to be a long wait for goods news this time round. I also fear that some companies may not make it out alive.. Just saying.
Like you we're sitting it out (my super fund agrees). Lost about 8% last week, haven't had a look this week yet.
I might have done something else if my balance was low-ish. Other friends have taken the other option.