their bad advice cost me packets, page-4

Considering that 6 months ago a 'conservative' portfolio might have had:

Property Trusts
Infrastructure Trusts
A smattering of Blue Chips
Cash

A loss of 14% is actually quite reasonable in the circumstances.

Try looking at the broader market before you start complaining!!

The All ords was off 28% (prior to the rally over the last week)
The Financial index was down 42%
The Utilities index was down 34%
The Financial/Property index was down 41%


So before you start mouthing off, consider that the fund the super was in has actually outperformed many of the 'conservative' indexes by a mile.(Actually, you could argue that you should be writing and congratulating them rather than winging).

Markets are volatile, and this is a fall that we havent seen since 1987. Unless you just stay in cash, or use some form of expensive portfolio insurance, then there are no guarantees.


Whilst I hold AMP shares, I have no other interest in the company. However, those who enter the markets should have some idea of what they are talking about.

DYOR