Financial Standard Comments - Retirees must invest in equities: State Street Newly retired investors shouldn't underestimate the value of having growth assets in their portfolio, according to State Street Global Advisers (SSgA). https://www.financialstandard.com.au/feed/latest?story=24171278 Thu, 22 Nov 2012 13:00:26 +1100 Thu, 22 Nov 2012 13:00:26 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Bill Medhurst (Worldwide Group Pty Ltd) This sort of rediculous commentary does nothing to enhance the reputation of the financial planning industry.

Ten year comparisons can be found to support just about every view and are meaningless at best and downright misleading at worst.

The fact is that institutions should be prohibited from calling shares "growth" assets as they can , and do , just as well fall in value becoming then "shrunk" assets.

Question: How do you make a small fortune on the stockmarket? Answer: You start with a large one.

How many people have been forced out of retirement and back into the workforce as a result of buying these so called growth assets; the mind boggles.
Perhaps the GFC was just a Hollywood spoof and never really happened.

Reply to article

For original story, Click Here.

]]> Bill Medhurst (Worldwide Group Pty Ltd) Thu, 22 Nov 2012 13:00:26 +1100 Comment by Derek Thomas (Stedermar Pty Ltd) Well said. There are lies damned lies and statistics. The debacle of the GFC was hidden by extrapolating out the term of the "survey period " so the muppets wouldn't get spooked. A new normal created by investor sentiment changing has made these comparisons worthless.

I think the motto "Once Bitten twice shy" applies until some real changes are forced on the financial sector to eliminate shadow banking HFT and dark pools.

Reply to article

For original story, Click Here.

]]> Derek Thomas (Stedermar Pty Ltd) Thu, 22 Nov 2012 14:00:34 +1100