As an administrative person in the education sector I get a choice of one fund unfortunately. I also have a large (cash) balance in a Commonwealth Government scheme that has a significant property exposure (not fully marked to market).

Anyway its not a bad day on the hustings. The AGS pick which I first mentioned about a year ago on this site (and which was looking very gloomy yesterday) has just doubled the resource base at Four Mile. This news confirms a growing ability of Gandel Metals to also cash up some of the ALK developments. (Hope you are still holding some other Pete!) For several other junior and mid tier holds I am hoping that resource base and production developments will outweigh market fluctuations.

I will put up a post when I eventually start shifting some of my super back into equity or property allocations. So far my timing has been OK but there is an high element of luck in whether the mob follows the fundumentals at any time.

Cheers

Agree with your take on all this, CA, but wondered about that delay in transferring Super between asset classes. We have three funds each. One we cannot touch... it's guaranteed. The second, our TTR, takes five days. The third takes just TWO days. (That one used to be _overnight_ but too many folk were stayin' up late, getting the US market data, then swiftly moving their money about!!!)

Our strategy, which I've mentioned in past posts, is to (try to) pick the high, bail to cash (simply a holding position) then transfer back to ASX at the (perceived) low point. This is all done via the internet. So far, using a lot of data, including DRUSA, we've scored _every_ time. Probably more ass than class, but we've won many _hundreds_ of thousands of dollars 'playing Super' so far.

OK, I'm a Super bear, but for many years it was returning us far more money than property, even during 'the Bubble'. The trick, as Bill has commented more than once, is to not simply accumulate wealth... but to _keep_ it... .

Don't forget to watch "The Assent of Money" ABC Thus.

Back to the markets, the worst will (can) only come after the USD capitulates and this has not yet happened. Whether it happens this year or next I don't know.

There is a possibility that Chinese companies are trying to denominate purchase orders in USD until such time as the USD tanks. After this happens they will of course change their medium of exchange to the Yuan. Conversely it makes sense for the Chinese to now denominate their export sales orders in Yuan wherever they can. This is not great news for one of my emerging LNG holds but I'll continue to hold anyway.

Regarding super, holders (like me) who ticked the cash boxes years ago are facing some very high risks. If the USD were to collapse it would, in my opinion happen in a few quick stages and take the Aussie with it for a while. This is because Aussie export contracts are denominated in USD and commodity prices are denominated in USD. Your financial survival (as a government and corporate note holder) may depend on the timing of your shift(s) back into dubiously managed equity and property portfolios. As it takes a month or two for funds to action client instructions, your losses may be fully realised by the time you fund gets around to processing your application. Oh yeah, and then there is the small issue of the derivative exposure of some (though not all) funds. You need to do your own research here.

Good luck to us all and yes I would change to a SMSF if I was allowed to.