headlines 20.3.08 news.com.au............in the first 3 months of this year.........noted at the 'conference of major super funds in brisbane' sounds like a lot of money down the drain............they are expecting all superfunds to report losses by jun 08...and people to make a run on superfunds to get their money out ...those that can that is (close to retirement) the other younger holders have no choice.......although they suggest average funds for males is only 80,000 and females 40,000 the average fund holds 32% in australian securites and 24% in international securities , so 56% of the funds investment is in the share market..............whooppee half of the investments in the stockmarket.........where is the balance......in listed property trusts ?????
now add that bad news together with the property market expecting to drop, and the current share market dropping, leaves very little good news for the average investor..........2 out of 3 asset classes dropping to a bottomless pit.........whats left ??? put your money into the bank and hope and pray its safe there ????? will the governments bail out the banks, and superfunds ??? if required........... something has to give...........the current leaders in charge of the economy are sitting around with their heads in the sand............sorry I mean they are flying all over the world, with eyes and ears shut!
