Agreed, but then I know a few people who have done well out of the PD's, so who knows?
On the other hand you can put it in the bank with the expectation of a return yet I know someone who lost 500K when the Pyramid Building Society went down in Victoria. And now with all the bail-in legislation starting to go through I'm really concerned about bank theft (where the bank steals your money). You could put it into super but I don't trust that to be there.
Which leaves real estate, OK if you don't have to borrow heaps and can ride it out when the bubble bursts. Or PM's like gold and silver, if you can get the physical and secure it away from banks and governments in case they ever decide to make it illegal to own gold again.
I'm sure there are safe ways to protect and increase your nest egg that some of the old hands around here are aware of but I'm at the head scratching stage right now.
