Ten-year future vs. 10-minute tickBY BENJAMIN ONG | TUESDAY, 13 NOV 2012 10:00AMAll of them provided great entry points for the brave and those looking at the 10-year future and not the 10-minute tick. |
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David Woodall
CHIEF EXECUTIVE OFFICER, SUPERANNUATION
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Facing his greatest test yet in metamorphosing MLC Super, Dave Woodall is adamant the juice will be worth the squeeze. Jamie Williamson writes.
Hi Ben, agree the ten year time frame will work out. However, I work with recent retirees and people approaching retirement. For them the short term is very important as negative cash flows (pension payments) in a falling market early in retirement (when the asset is biggest) are detrimental to a sustainable retirement income plan. Just saying these people are in a very tricky situation.