I plan to retire or reduce my work hours in five years, and I'm interested in how others allocate their income between savings, spending, and investments. I currently earn about $175K annually but haven't built up much in savings so far.

Big no coz free tax on super while Interest on bank you get tax.

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point

I have switched my Super to cash. Having said that my super is only 25% of my net worth. In the current environment, I'm ok with a 75/25 cash split.

with 5% cash returns at very low risk in cash - the question is more about risk in the market, perhaps have a bollus of cash that generates the income you need and invest the rest in more risky modules.

Don’t do anything, the market goes up and down

Such a simple system……..not. Why has it been devised to be so complicated?

I have $1.5 m in US stocks and 300k crypto am around 60% up but thinking of moving my 750k super into cash as a hedge so many folk predicting a USA recession

Been adding an extra $200 per week to my super for the past 5 years on top of the employer contribution. Amazing how much it has grown with 9% compounding.

Wow! This is an incredibly well timed video for me to be looking at. All my super was rolled into a My North retirement fund. Early on it was returning about 4% but lately it’s down to 1 or 2%. I have been very concerned and did consider moving it over to short term investment in a bank for 4-5%. But. . . . I haven’t yet because well, for many of the reasons you outlined. It’s scary stuff!

Thank you

Leave it in balanced. I'm not that smart and no money guru. So don't listen to me.

Best to be just lucky Not to sure if it will work out for me I’m just in the default But I don’t want to travel over seas when I retire I just want to potter around so I figure I will have low expenses At the moment I am salary sacrificing a lot to super And investing directly into the sharemarket to satisfy my stock broker urges And it is fun I view the share market as just gambling but hey it might work out Yer getting old is tricky but I have no kids or partner so no visits from grand kids for me Think I will be very lonely in retirement so best to keep working Not too sure how long I can though all good so far

Balanced funds are often around 70% in equities which may surprise many people.

Thanks top shelf, very timely advise.

Olympic breakdancer😅

Throw cash in during the correction

Had most of mine in a geared shared super fund last 20 years and just dont look at it in down turns , done very well , way better than other fund options.

been to the money smart website before but never found the retirement planner till i saw your videos - it was actually very reassuring, thank you!

Great advice I had a panick attack 2 years ago and tried to save the rapid falls by being with AS but missed the mark. Fortunately, I found Cumulus Wealth who showed me that I didn't screw up and showed they did and screwed its members. I'm now on a pension base fund 30/70 and they clawed back over 200k of losses by AS for me. Now I'm in a whole other boat where I have accumulated a assets and cash and he has to keep throwing 4% cash at us each year. 1st world problems but you are right don't play with your fund and just because it's bigger fund doesn't mean it's a better return. AS proved that with a 2.1bil flop.

If it’s in a super balanced portfolio, do nothing. It will go up and down. Timing the market is futile. Zoom out on the market and you will see many dips and crashes but the market always continues up over time.

This video was made for me. I have most of my Super in term deposits at 5% because I have been worried about the market going to crash. The term deposits will mature soon and I think I need to be back into Balanced. Do it a bit at a time or just get into it? Thanks for the video Chris, it’s great.

“Over-rated Olympic break dancers”! 😂

Hey everyone, thanks for watching! Ready to take control of your retirement? Download our FREE 6-Step Superannuation Check today: www.torowealth.com.au/6-step-super-check/

very balanced (pun intended) thanks Chris. As Warren Buffet commented, don't confuse skill with a bull market. Many people I knew lost alot during the tech wreck and the GFC due to thinking they were more clever. Most people (even the professionals) are not able to time the market. Portfolio theory is the way to go. if there is volatility (like even now) just look away knowing that long term you will be fine

Scammers in the comments. Never take investment advice from you tube comments.

I had 66% of my super in AU and International shares for a while which had the best return, so I have taken the plunge and put 100% into international shares, its about 5.5 years before I can get my hands on this money so market should rise over that time and once it hits my sweet $ spot, I will move it all to cash and get out of this bloody thing and put it all in a term deposit!!! Don't have time to spend my bloody retirement constantly watching the market and getting stressed!!!

You've got a scammer here in the comments mate

Make sure you invest in a diversified fund and go with the median line on that investments index. Never worry about corrections. I worry more when there isn't, the fall will only end up being greater. It's like stacking gold and silver - you'll only come undone when you panic. Invest for the long term, not the short.

Converting to cash is reliant on timing the market. If you can time the market, you don’t need super, you will already be very very rich. In reality, timing the market is very very difficult. Nobody is good at it.

I noticed my super balance showing a loss of thousands each week a few years ago and it didn’t seem to stop declining so I changed half of my portfolio to cash , the losses ceased instantly and I let it sit until I noticed the balance starting to increase again and then swapped it back to balanced, I’m no expert but felt it was a wise move at the time , I’ve only ever done this once

A well sounded video - As a couple in our early / mid-50's - we're still high-growth. Dollar Cost Averaging is king!

I’ve predominantly been in a high growth fund option for the majority of my super years and rode the cyclical waves. But with 6yrs to go to 60, I switched to a balanced growth option very recently. I thought about a more moderate setting but that just seems too conservative. A friend of mine has gone totally to cash (with >15yrs to go to their retirement), based purely on expecting a crash. That surprised me. Time will tell who will fair better.

Nothing dodgey about people spruiking investment strategies via Telegram account holders, with the trailing posts following a tried and true formula of requests for further info and a group of confirmation posts that follow in eerily quick succession. Nope, nothing dodgey at all.

Remember that, unless you're in the pension phase, selling shares and moving to cash will also trigger Capital Gains Tax. You could be up for 10%-15% tax on any gain you have made before the impact of any market movement.

I did nothing during GFC or 2020. In fact tried to buy more on the fall but timed it too early before it hit bottom. Despite all the mistakes early in the crash, managed to double my portfolio by now from regular buying during the low period.

Let's be honest, your Superannuation fund and or your financial advisor are never going to advise you to cash out. Your money is feeding them. Important to factor this into your decisions

Personally, after much consideration, I have done it as someone in my early 20s, with a fair bit in the First Home Saver Scheme. I would be gutted if I was unable to access that overnight after years of diligent saving. I'm hoping to use the FHSS in the next 2 years then will switch back to high growth.

The market will crap itself in the next week with escalation between Israel and the ME.

Thankyou Chris, Great Timing, l intend to retire mid 2025 (age 60) Lately l am becoming very risk adverse as l saw my super fall by 45% in 2008 (in growth) it was gut wrenching. It took 5years plus to return to old growth balance an further 2 years (7years total) to return normal average 10 year return amount. I am alot more diversified now, with 14% super cash, 38% super, and an additional 48% priv share income stream. But intend to change to 20% super cash, 32% super fund 48% priv share income stream. So roughly 20% Cash(Money for up to 9years), rest the Market 80%. I agree switching can be dangerous, but having a large cash reserve is very important prior to retirement. I'm fairly contend with this plan, and hopefully should sail well through next Correction/Crash/Recession/Depression. But Time will Tell Though🤔 Thanks for your videos😊🍻👍

Break dancing downturn...😂😂😂

The voice of reason. Thanks Chris good stuff.🤔

Thanks you explain these this thinks real well.

Love the funny comment about "overated break dancers", well done, so true!

Surely most people would look at super as a long-term investment. Therefore, market corrections are just part of that. Unfortunately, as history shows it's not always up. Everyone should consider a negative return, isn't the general consensus about one every 7 yrs.

Thank you Very helpful

the best retirement plan I purchased was a 4 bedroom house with a sep granny flat rented out rooms earn me $900 net per week which affords me ample headroom Just crazy that people are over the moon shelling out $350 a week for a 50 sqM shed??

What options are there for people who take extended time unpaid away from the workforce to care for kids or elderly & their superannuation is just sitting there still paying fees but not adding anything to?