so much for financial advisors

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Article #431

#431

From: Andy
Date: Wed, 11 Mar 2009 11:07

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All the advice I heard in the media in the second half of last year from the
financial 'experts', when people asked whether they should move their
investments to the Cash option in their super, was to stay with the option
they were in so as to not miss out on the "upswing" when it occurs.

Had I followed this advice my super today would be down 23% since July 1,
2008.
I did move my investments to the Cash option on August 1 last year, and
today I am 3% better off since then.

Even if I wait 6 months after the upswing occurs before moving my money back
into my previous options I am going to be streets ahead of where I would
have been had I not made the change.

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From: "Andy" <falcon@yahoo.com>
Newsgroups: aus.consumers
Subject: so much for financial advisors
Date: Wed, 11 Mar 2009 22:07:01 +1100
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