59 and transferred my 6 figures into AustSuper cash option Nov...

  1. 3,304 Posts.
    59 and transferred my 6 figures into AustSuper cash option Nov 2018...safe but not a rich move !!
    ...
    AusSuper give you one free option switch daily so I am and still looking at switching between cash and Aus shares
    ..
    You can online switch before 330pm every business day
    ....
    Aus super Aust shares options follows extremely closely to the daily XJO/XAO
    ...
    Before 330pm if you feel next day is going to be a good XAO/XJO day then jump into Aus shares option for the day and then during that day if you 'feel' that XJO/XAO is going to drop next business day then online option switch back in cash and keep your gain
    .
    Think this, there were many greater than 0.5% XJO/XAO gain days this year and for you that would have been an increase of at least 6k plus of your super just for one of those good days
    So you keep your 6K and jump back into cash for the following day - rinse/repeat
    ..
    Trick is being reasonable confident that 'tomorrow' is going to be an ok XAO/XJO day
 
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