It's a very good point.
I'm mainly in cash as well, although I'm just playing around with a bit of stock picking to stay interested.
It's certainly not a buy and hold market at this time.
I've posted before on why is it that the Australian equities are under performing, considering our "relative" sound position economically.
Can only be one reason. This so called, "government" and all of their uncertainty, incompetence and extra taxes.
Also, there is no incentive to employ new staff. there can be no improvements in productivity at this time, so the economy is destined for no or little growth. Not good for equities, particularly industrials and financial sector.
And, I don't give a hoot what the goons in Treasury say. I reckon you learn a lot more about how things really are by talking to business people and the man in the street.
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