Nah the stock currently makes up 33% of my total portfolio so thats enough for my new conservative self.
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https://en.wikipedia.org/wiki/Scorched_earth Not a phrase you hear very often but entirely appropriate to the frightening scenario you outline. For those that don't know what it means it refers to things being left as a wasteland designed to thwart the efforts of the opposing party when they gain control. My thoughts about a wasteland are that if you must endure one for another three years make sure the vast majority of your assets are somewhere else !!
I like cash and short term deposits a lot, its been my favorite and best performing asset class and has made up more than 60% of my portfolio since November 2021. I have thought for quite some time now that 2022 is going to be a VERY tough year in the markets, it certainly has been so far :scared: Cash has outperformed almost all markets in the world so far this year and confers tremendous value in terms of optionality in regard to buying shares at cheaper prices in the future. In effect, you beat inflation by buying assets that are going down, (shares, houses, boats... whatever else is going down) at heavily discounted prices in the future. There's no rule that says you have to be invested 100% in the market all the time !
OCA getting wacked by far the hardest of the retirement sector stocks today.:mad ;: