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Good opportunity to withdraw cash from super, page-24

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Sabbath

11,643 Posts.

470

24/04/20

13:57

Post #: 44235643
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Originally posted by thorburn ↑

I think that everyone should now treat every asset they own with complete respect. Building your own asset base using a conservative strategy is the real super. Cut back spending on non essentials and extend your asset building to a point over the horizon.

No one seemed to read the RBA minutes. Next inflation result is expected to be negative inflation. That's what it said. They didn't say deflation. It's a scary word for a Central Bank Governor but there it is.

Blamed it on petrol prices but "the overall underlying cost pressures are inflationary". Cheery news.

Give this time but we might be getting near to a time when private asset building might become a lot easier and far more productive than paying into super funds.

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Why are they scared to use the d word?
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