The problems with most commone investment options ATM are:
- over concentration of investments within the ASX (namely bluechips including banks);
- high exposure to corporate debt instruments (these are usually safe but not when there is a global depression around the corner).
- exposure to yeasterday's investments such as soon to be largely vacant shopping malls.
The fund managers are like whales in a fish pond. They shift to the times quickly because the ASX will tank if they do. I'm not opposed to everything in the ASX 200 as many companies will keep their heads above water as others fail.
Also some industry funds are better than others. What's good and what's ugly depends on the funds areas of direct investment concentration.
The "we're all in this together" mantra is akin to the Billy Joel's Goodnight Saigon lyric "
And we would all go down together We said we'd all go down together Yes we would all go down together
