Originally Posted by
Bobdn
Last October my financial assets dropped by 4.72 per cent. It was quite a month. Fortunately, everything recovered and if people stayed invested, it's been a good 12 months.
I was 89 per cent invested in equities at that point. Over the last few months I've reduced my equities to just over 60 per cent (Genesis is my biggest holding at around 6 per cent of my portfolio) and have cash on hand and some precious metals through Australian ETFs.
So I guess just at this point in time, on balance, I'd quite like a bit of market meltdown. So far so good, but I know we can do a lot better than this.