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afternoon all, hi ned,

yes, you were in my mind when I wrote this
"It's a bit like people being afraid of being in the market in the last couple of years - just when do you think it is safe to get back in the water? Well there are a lot of people who are still out in cash - having got out during the gfc - probably late stage as well - well, those people have missed out on a great deal of the recovery - sorry, too late."
I was thinking of you because I knew it didn't relate to you.

So to your " But that?s fine (FOR ME!), in my comfortable retired state. I?m happy to sit on 90% cash for as long as it takes, as I NEVER want to have to go back to full time paid work again."

So as I was writing it I was writing for the other whatever percentage it is - probably about 90+% - which actually made me think of you.

You are in a different situation to most I think - you are set and you don't want to go back into growth mode - at least don't want to have to - so you are different and I would say if it were me - I probably would have a similar strategy at the same stage as you are at.

I am pretty close to where you are (in fact i am there really) except for the very expensive cost of a toy I want (my partners hobby ain't that cheap either). Really, they should give us toys at our age - we deserve them.

However, as I get the picture from how you actually got into this position was to be in a strong growth phase with attendant risk - and you displayed a lot of patience whilst the eggs hatched - and you probably watched rather closely - and HELD on.

imo, for those of us who are still not set or not quite set or have a burning desire for expensive toys - then I think with investments like fml - that strategy is still applicable.

In fact one of the things that annoys the crud out of me is that when we presently get to the age where we can flick into tax free mode inside our super - it is precisely near the time that we aren't as interested in such massive capital gain - quite the opposite - what a dumb system - tax ineffective when you need to grow and then tax effective when you need to be conservative and should have already grown ?????????? how's that for a great system to force people onto an aged pension?

It is nice though to have fml ready to fire and knowing that if one wanted to take money off the table for whatever reason - then I don't even have to consider the tax implications - not one iota - lovely. Makes one hell of a difference to multibaggers.

have a great arvo

Pinto