Sorry for being such a pessimist

A few readers have questioned my pessimism after posting Stay Prepared for an Aussie Recession. With a headline like that, I guess, it’s hard not to seem pessimistic. I’ve created the wrong impression, though.My view is that you (and we) should be mostly invested most of the time. See Buffett Warns Investors on the Perils of Cash, for example. And there has been more money lost than gained by people trying to pick the next recession.In the Australian Fund we have oscillated between 10% and 20% cash over the past few years. That level of cash is perfectly normal for opportunistic investors...

A few readers have questioned my pessimism after posting Stay Prepared for an Aussie Recession. With a headline like that, I guess, it’s hard not to seem pessimistic. I’ve created the wrong impression, though.

My view is that you (and we) should be mostly invested most of the time. See Buffett Warns Investors on the Perils of Cash, for example. And there has been more money lost than gained by people trying to pick the next recession.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Email is required.
Email must be a valid email.
Password is required.
First name is required.
Last name is required.
Mobile phone number is required.
You must accept the terms and conditions.

OR

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
Discount -{{productDiscount}}
GST {{productGST}}
TOTAL   (inc. GST) {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Login or to reset your password, select Forgotten password

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR