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4sighttrader

3,913 Posts.

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01/07/24

22:48

Post #: 74557092
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Originally posted by Scott th Ratbag ↑

self-funded retirees (SFR) struggled hard under the Libs as the RBA was forced to lower interest rates due to the weakness of the Aus economy. this meant that many SFRs had to reinvest their money into higher risk strategies as their interest rate payments dried up to zero.

I didn't read anyone complaining much, except th SFRs.....

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Do you mean that SFRs had to invest in high risk bank stocks paying a measly 6/7% fully franked dividends to beat the paltry interest rates on offer?

Terrible just terrible hey?
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