A survey published yesterday showed that the vast majority (ninety something percent) of Australians have lost faith in the share market and believe that putting money in the bank is the best thing to do with savings. People are also putting a lot less into super. So right at the time when valuations and yields are best, people are withdrawing from the market and putting it into bank accounts (right at the time when interest rates are near being slashed).
I guess that's the problem with having so much super in our market - the majority don't really understand how it works.
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