Chris Brycki

speaker

759 appearances 3 recordings 2 series first heard Mar 2022 last heard 30 Jul

Chris Brycki’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.

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Australian Finance Podcast · Investing in defensive assets: Cash, bonds & gold · 21 Mar 2022 podcast

The US market's down 12%.

There's a lot of nervous people out there at the moment.

And what I think keeps a lot of those people more confident, and particularly on our clients, is that there are assets in their portfolio that have risen over that time period.

You know, gold at the moment is up 7% in 2022, you know, whereas these other asset classes are down.

And so it provides a level of cushion in people's portfolios and means that they're not suffering from the full losses of the market.

It's not, I don't think it's, you know, it's not as obvious now.

It was really obvious in March 2020 when share markets, you know, had fallen something like 35% or 38% from their highs.

You know, if you're entirely in shares, that was a pretty significant

you know, a pretty heart wrenching experience.

And a lot of people that were in risky shares were down 50% plus, you know, simply by having some defensive assets in your portfolio, you could really curtail those losses.

So, you know, as an example, our most risky portfolio fell by about 50% of the market's falls and a more conservative portfolio might only fall by 20% of the market falls.

Now, you know,

it's easy to sort of think that when the market's down 50%, you'll be fine, but it's difficult.

It's really hard to have that conversation with your partner.

It's hard to think about it yourself.

It's difficult for people to do.

And I think defensive assets provide that sort of ballast in your portfolio to keep you invested.

And then the last reason I'd say is that

Even though over very, very long periods of time, like 100 years, defensive assets like bonds and cash have done worse, it's not always the case over shorter timeframes.

And I'm not talking like a one-year timeframe.

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