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Convert to Cash?

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Ric, 13th Aug, 2012.

  1. Ric

    Ric New Member

    Joined:
    13th Aug, 2012
    Posts:
    1
    Location:
    Perth
    Hi - I'm 59, intend retiring 65 from C'wealth Government after 35 yrs in CSS.
    I'm contemplating converting to the cash investment option for my final years. I would hate to see my lump sum erode any more.

    Sensible move on my behalf ? Tks Ric
     
  2. Waimate01

    Waimate01 Well-Known Member

    Joined:
    26th May, 2008
    Posts:
    157
    Location:
    Sydney
    Folks here aren't allowed to give investment advice, but in the worlds of Homer Simpson, "buy high, sell low, whoo hoo!". Choose your role models judiciously :)
     
  3. Superman

    Superman Well-Known Member

    Joined:
    6th Nov, 2007
    Posts:
    343
    Location:
    Gold Coast, QLD
    Seek investment advice - your superannuation fund should be able to give you some basic advice.

    There may be other investment options that can ensure your capital is preserved while still providing a decent investment return.