Ann: Change in substantial holding, page-6

If you are 75% cash/bonds then back the truck up if it gets to $2.40. I am about 30% cash and TME is the only stock I have bought in the last 2 months for super. I am more concerned about Australia having a recession than a full blown GFC but I guess time will tell. Either way I don’t believe its a time to be too full hardy going into equities - plenty of caution needed.