Quote Originally Posted by Bobdn View Post

I have a friend who has been in cash for a decade now. I'm not joking (maybe he has 10 to 20 per cent exposure to shares through managed funds, if that). Obviously we don't discuss the share market any more.
I have a friend who has had ALL his retirement savings (as in everything) in Bonus Bonds for the last 10 years (won virtually nothing) and we don't discuss the share market anymore for the same obvious reasons.

Oh and btw the reason he won't buy any shares is that he is scared of losing money, yet he can't comprehend how much he's lost in Bonus Bonds with virtually no income return, no capital appreciation, and inflation has eroded his buying power tremendously too.

It's quite sad how financially illiterate some people are 😣😣😣😣