Super Allocation - Growth / Cash / Other

Discussion in 'Superannuation' started by crewy, Apr 22, 2020.

  1. crewy

    crewy Member

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    I am thinking about whether it’s a good move to change existing super balance from growth to cash/conservative allocations within the same large superannuation fund? I have a long way to retirement however don’t want to miss any rally. Have also see a few predictions that stock markets globally have only started to price in the crisis and markets are destined to drop significantly from here. Any thoughts or opinions from more seasoned campaigners? Cheers
     
  2. SilverDJ

    SilverDJ Well-Known Member

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    This seems backwards. Move from growth to cash, but "don't want to miss any rally"?
    When you are in cash you will by definition miss any rally.
     
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  3. Jason1

    Jason1 Well-Known Member

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    go see a financial adviser. when you ask these sorts of things on the internet you will only get bullshit advice from people who dont actually know, at the expense of your future, Plus you will walk away more confused than before you asked because you wont know who is giving shit advice and who is legit.

    there are good ways to make more from your super. But you need to get real advice from those who are qualified to actually give you that advice. Its worth your effort.
     
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  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    If youre not already 100% cash, leave it as it is. Especially if you have plenty working future ahead.
     
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  5. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    When you do actually go and see your financial advisor, you’ll probably know more than them unless you find a good one.
     
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  6. 66rounds

    66rounds Well-Known Member Silver Stacker

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    You give the public too much credit, today work colleagues asked me if it was a good idea to draw 10k from super to have a few punts and then throw their winnings back in. I told him that if he was dumb enough to draw down unnecessarily, best thing he could do is buy himself a big gold chain.
     
  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    ^ I think you give financial advisors too much credit. Based on the single fact alone that @crewy is a member of SS then there’s a good chance he’s got more idea than your average financial advisor who only understands how to peddle ETFs and off-the-plan IPS.

    But then again @crewy could just be another tinfoil hat wearing gold bug :p
     
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  8. crewy

    crewy Member

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    Thanks guys, thoughts were if another big drop was coming down the track it would make sense to move into cash in the short term. But of course if it never comes I’m stuck in cash when everything rallies following the crisis. Will look into getting some formal advice though thanks!
     
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  9. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    Without spoon feeding.

    Do your homework and dont rely on the so called professionals to do it for you. This is a problem because the powers that be, have designed our society to believe they need to buy shit they dont need and are up to their eye balls in debt for the shit they dont need and are working around the clock to pay the debt caused by the shit they dont need, hence a new scam industry was created called the "financial advisors".

    Any type of financial scheme the government enforces is a scam and really only benefits a few........government forced SUPER for retirement......today many are claiming their $10K and another $10K in July.........do you know how much of our super is tied up in the sharemarket and what value of the overall $10k has been and will be pulled out of super funds?
    Do you know exactly what companies your super fund manager has invested your money into each 1/4? I bet the majority dont and I bet your super fund cant tell you either.
    If you move to cash now......................at what price what did your fund manager purchase shares at? I bet it will be a lot higher than what it will be sold off today to be moved to cash.
    They say super is for longer term..............................bullshit!!!!!!!!!!!!!!!!!!! its to keep 'all markets ticking over and benefits only a few a huge way................... not you!


    1. study economics.............what are the 3 fundamental industries/markets that the 1st world is built around, a tip for this..............it was founded after the 1920's crash
    2. study economics
    3. study economics

    ECONOMICS believe it or not is the study of human behavior..............................you must understand this to understand the market cycles, debt and money.
    it will change everything you were programed to believe in
     
    Last edited: May 8, 2020
  10. lucky luke

    lucky luke Active Member Silver Stacker

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    Perhaps invest in a quantity of Rum? :) An interesting snippet (if true) found on http://www.sydhill.com.au/story "In the mid 1800’s craft saddler, John Hill arrived in Sydney from England. He swapped a gallon of rum for a block of land where he lived for six years until deciding to move to Brisbane...."
     
  11. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    If you are “investing” in funds and not individual stocks than you’re at the whim of your fund managers.

    some funds are down 20% some are up x% for the year, just because ASX or DJI is up or down don’t think your fund tracks it, it could be very different.
     

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