Unfortunately that's so true S8. Capital preservation is key and financial markets are no place to invest in this global-macro environment (unless you're a trader who manages risk).
Australian govt backed TDs yielding 6% are both safe & attractive. Oz bonds are not only backed by govt and without limit, they actually increase in value as yields fall (and Oz bonds yields should fall hard). Central bankers merely follow the market, so as the RBA follows the bond market down by cutting interest rates over coming years, bonds become even more appealing as an investment. A mix of bonds and TDs is the preferred capital preservation option to weather the storm. Not sexy, but safe. And you won't find many financial advisors offering that advice (as you can assume, I'm not a financial advisor so take my opinion for what it is).
