Investor cash obsession worries wealth creatorsBY MARK SMITH | MONDAY, 19 NOV 2012 10:35AMDespite growing speculation that the next bull market run is just around the corner, historically low interest rates, and a call by RBA governor Glenn Stevens for investors to return to shares, investors' remain unwaveringly committed to cash. |
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Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.







Yes the wealth creators are feeling the pinch. Got a letter from an Industry Super Fund extolling the virtues of diversification. The result for 1 and 5 years was clearly in favour of Diversified Fixed Interest but we all know that past performance is not indicative of future returns. It seems investors have discovered the motto " A bird in the hand is worth two in the bush " or did they get offended at being called Muppets ? Hmm I wonder...
All institutions, except those engaged in these confidence eroding practices, have an interest in returning the market to its basic and important economic function of supporting capital formation and making a market for willing buyers and willing sellers.