International share bring fx risk. I'm staying local.
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FWIW, I moved my compulsory super into cash last month. I've also moved 85% of my trading portfolio to cash. It's been nearly 15 years since the last bank reset and after so long it's time to start playing short during the year. I'm playing the "sell in May and go away" card.
. I'm also grabbing a few long dated put options on the banks. Small numbers, as in 5-10% of portfolio... but, if there is a correction, they'll return 500-1000%...downside is a 50% loss in the worst case if I don't watch them closely.
