Kris Walesby
speaker
321 appearances
1 recordings
1 series
first heard Jul 2020
last heard Jul 2020
Kris Walesby’s voice in public audio — every appearance, attributed to the second.
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Appearances
And only 20% stocks, notwithstanding the point about franking that we've already talked about.
just because you don't want that drawdown.
You don't want that situation where, I mean, we've just seen what people call in the industry V-shaped recoveries in terms of the equity market.
I'm mystified by this, by the way.
I can't understand how a global pandemic, which is just beginning its second wave, and yet some of the indexes in the world are at all-time highs.
It's crazy.
But nonetheless...
it's happened.
Um, but it didn't have to happen that way.
Um, and it might change in the future.
Um, and if you, you know, you and your partner, um, have decided that you can live on 50 grand a year, um, and you've set up your portfolio to be able to pay that out.
And now suddenly you lose 30% of it.
Um, as I said before, you may have to go back to work, um, or drastically changes things.
You have to not buy that car, um, not go on that holiday.
So everything is about maintaining that.
And that's why I go 80% at least into cash and fixed income so that you've got a lot less chance of losing your money.
On the flip side for millennials, it will be the opposite.
80% stocks because
Unless something drastic happens over the course of history, equity markets have really gone up over and above any other type of asset class in time.
So if you conservatively expect to invest $250,000 to $500,000 in your superannuation over 40 years,
Showing 201–220 of 321 · page 11 of 17
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