Mr Warner was riding high last year as the markets broke records on a weekly basis.īut now, following several market shocks, he just wants peace of mind. "I don't want to be concerned about a short-term volatility," he said.
He moved a large chunk of his retirement savings into cash, which he said helped him sleep at night. Superannuation research firm Chant West confirmed that fund managers are allocating a bigger proportion of funds into things like bonds and cash.īrisbane-based retiree David Warner manages his own superannuation. Financial markets have been knocked sideways by several major shocks this year, among them the prospect of higher global interest rates, and a looming trade war between China and the United States.Ĭhances are your super balance has already taken a hit, with average returns dropping into the red early this year, down from a very healthy 10 per cent just last year.
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