Should I change to cash or leave australian super at balanced/high

Discussion in 'Superannuation, SMSF & Personal Insurance' started by bfhoon, 26th Apr, 2020.

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  1. bfhoon

    bfhoon Active Member

    Joined:
    3rd Aug, 2016
    Posts:
    41
    Location:
    NSW
    G'day all


    I've posted previously right after the stock market crash about opting out to cash in my super so far if I changed now my total super loss would be one whole year and I do salary sacrafice as well. So I've lost a decent chunk. People before stated its units not dollars etc etc but I know of many people that speculate a bigger drop in the aussie stock market coming very shortly. Who's changing to cash and why I'm thinking it might be an idea for a few months to ride out the tuff times ahead. At the moment im 50% balanced 50% high growth. I'm not phashed if I don't make any money I just want to see the money going in not lost and would change back to my aggressive options once the market starts to bounce back.

    In theory though who knows if we have hit the bottom maybe not but I can't help but think its going to get worse.

    Looking forward to everyone's opinions.
     
  2. mr_alex

    mr_alex Well-Known Member

    Joined:
    28th Jan, 2017
    Posts:
    167
    Location:
    Gold Coast
    How far off retirement are you? I'm keeping mine invested in 100% aggressive and still Sal sac-ing but I'm 29. Can't see a benefit of locking in losses if you are more than 5yrs off?
     
    Anne11 likes this.
  3. Willy

    Willy Well-Known Member

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    12th Sep, 2017
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    285
    Location:
    NSW
    If you think the sharemarket will continue to perform over the long term, why would you want to avoid buying when prices are at their cheapest?
     
    Anne11 likes this.
  4. iloveqld

    iloveqld Well-Known Member

    Joined:
    11th Jan, 2017
    Posts:
    325
    Location:
    Brisbane
    But if you think it will go down after this FY, why not? It is all speculation for future result, but for now, you see the loss in real number, and we all lost money in Super, but some more some less... It is personal choice.