so true about the timing thing...
in terms of ppls retirement provisions, i guess thats why allot of people are going the smsf route with term deposits and etfs. more and more people are buying investment properties within smsfs as well using cash or installment warrants.
i spoke to someone whose friend put 500k estatw proceeds into a geared australian managed fund when the index was 5000 a few months back. Current result = very bad.
timing is important when you hear such stories. i remember a classic call from a guy i spoke to who actually put his whole smsf out of direct equities into term deposits late 2007. i'm sure most traders know allot more than him, however his timing aspect for an average punter would have done wonders.
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