Should I Move Super to Cash? - Everything You Must Consider

[@leonwilliams5175]

Chris, I have just retired and for the last year I went over and over the investmest options. My fund has an extremely complicated array to choose from and even after speaking to their investment advisor I was non the wiser. So, I just did exactly what you said and put it in the Moderate investment option. Now I simply get on with living and enjoy retirement without worrying about the future, because I know over the long term it will all work out fine. I think your channel is great and look forward to each posting. Cheers, Leon

[@SuperGuyAu]

Glad it was helpful, Leon. Choosing investment options doesn't need to be complicated. All you need to do is be comfortable with a particular risk level and ensure the expected long-term returns are intended on helping you achieve your objectives.

[@theheartofbrunswickisyourc2696]

Whats Moderate mean?

[@theowenssailingdiary5239]

Doesn't need to be complicated, but it helps that you understand the risk of failure. Its fine to take the 'long-term' approach, but even a balanced type fund might have an unacceptable risk of failure. I can't remember the methods used, but it charts all possibilities and gives you an idea of the chance of you fund failing. One bad year at the start of retirement can be devastating. Maybe a video on 'failure rates' would be a Good idea, because really, it is complicated. I'm 51, and aggressively invested, but there is too much of a chance of failure if I carry that method into retirement. @@SuperGuyAu

[@jugglematt100]

Great advice. Ride the wave and think long term , dont risk missing out in the rebound after a correction

[@SuperGuyAu]

Right on!

[@eddiecoyle5019]

Thanks again Chris, for the no nonsense advice

[@SuperGuyAu]

Any time!

[@hannkg7715]

Thanks great info as always...

[@SuperGuyAu]

You're welcome!

[@MrGazzaFreeman]

Hi Chris, my journey to you channel was an interesting one. Its started in X at a post about a currency reset followed by various KZbin videos on the impending stock market crash. Finally finding your video on the very topic Im considering, moving my super to cash The talk that a crash would wipe out us baby boomers is a massive concern so Im looking at what I can do to lesson the disaster. The issue for a retired 65 year boomer is that if the massive crash happens I have no chance of recovering. So Im thinking about what my triggers will be, I know I will want to get back in as the market recovers but what is my best option to protect my portfolio? Is it Cash? What is Cash exactly. Or do I take all my money out and put it in the bank. I think a lot of people would be happy if the Boomers were wiped out but I wont be one of them. Thank you for your video as it was thought provoking!

[@David-lr2vi]

Time in the market beats timing the market.

[@SuperGuyAu]

Too right!

[@theowenssailingdiary5239]

Do you find repeating these comments makes you look clever?

[@aidanflanagan6039]

A 4th reason is when you are close to retirement and you want certainty on the amount you will have to withdraw. For example, if you have $400,000 and plan to retire in 3-6 months, and the market drops, then its a real loss. So, cash provides low risk certainty where 1-3% return is better than a loss

[@NevilleBartos-el9qw]

Agree. I remember those on the cusp of retirement as the GFC hit.

[@AA-ou8kl]

if you'd switched to cash in Jan 2020 and got back in April you would have done very well by now COVID crash was very predictable

[@AA-ou8kl]

you don't lose if you got to cash knowing when to get back in is the key

[@AA-ou8kl]

what about now with ASX at all time highs and Fed interest rate decision due 17/9/24?

[@theheartofbrunswickisyourc2696]

What if I take it all out in a lump sum, I’m on a Age Pension from Centrelink

[@SuperGuyAu]

There is no restriction when over age 65 - you can access as much super as you like. You might consider what you would do with it or how you would invest it if you did take it all out. While there are benefits to holding wealth inside super, there are also benefits to holding it outside or re-contributing it back into super - depending on your circumstances and what's important to you.

[@tonylander3512]

Does the super fund charge you a fee for chopping and changing?

[@SuperGuyAu]

Some do.

[@alanhughes1262]

if a conflict brakes out in the south china sea super will crash big time, if your near to retirement its risky, if is a big word in this situation ,with fees and charges in funds and returns over the last two tears depending on your financial situation and age I think the bank is a good option the rest in gold.

[@SuperGuyAu]

Who knows?!

[@russellh24680]

😊

[@SuperGuyAu]

Thanks for watching!

[@theheartofbrunswickisyourc2696]

I’m with UniSuper, just retired with Centrelink Pension, I’m thinking good idea, “moderate”, is this the same as “Conservative Balanced”

[@SuperGuyAu]

Your super investment options should be consistent with your risk comfort levels and intended on producing investment returns that are likely to help you achieve your objectives. A one-off financial plan could help with these decisions. We offer advice through Toro Wealth www.torowealth.com.au/

[@theowenssailingdiary5239]

"moderate" is probably riskier than Conservative. Moderate might also be called 'balanced' in some super funds. Conservative is just that, Conservative.

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia 🇦🇺 still watching this very informative content cheers Frank

[@SuperGuyAu]

Thanks Frank. Appreciate the comment.

[@tonehow6967]

Na...this video is way to sensible 😂

[@SuperGuyAu]

Haha.. Thanks for watching!