Super has been in Cash Fund, what to change it to.

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Angel, 25th Mar, 2021.

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  1. monk

    monk Well-Known Member

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    Or buy his book online - Motivated Money.
     
    monk, 20th Apr, 2021
    #21
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Many people made this mistake. Switching to conservative options was my choice. I lost 5% and then that recovered within 2 -3 months. Then when things looks less dire I went back to growth and picked up the rebound with a 25% gain.

    You should read your fund investment options documentation in the product discloure statement and consider what the investment options are. Smart super accounts also offer lifestyle strategies which tailor the risk based on age. The notion being a members aged 63 wont want 100% growth and instead a more balanced and risk averse strategy is implemented. The lifestyle strategy smooths the risk down as age progresses.

    Investing in cash only is a poor strategy for any age group. You will have negative returns.
     
    Paul@PAS, 20th Apr, 2021
    #22
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  3. Redwing

    Redwing Well-Known Member

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    Redwing, 20th Apr, 2021
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