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James Coyle
James has over 35 years experience in financial services with particular expertise in two of the key components of retirement finance - Superannuation and the Age Pension. He is passionate about providing the guidance and support that can help older Australians enjoy their best possible retirement. He lives in regional Victoria surrounded by dogs and chooks.
We have about 80% of our super in “diversified fixed interest” which we did a few years ago as we approached retirement. We thought this would be the safest thing to do. I understand that DFI contains bonds which have not done well looking at our balances. We are now “paralysed”. We will soon start an account based pension but are holding off drawing down as long as we can. Can you explain DFI in general terms?
An article on ‘how safe is cash’ in both banks and Superannuation Funds would be of interest. It should address Bail-in, and derivatives. As you may be aware derivatives are high risk instruments and can be worth multiples of a bank’s net asset value.
A similar article on holding gold could be of interest, particularly for those who own ‘paper gold’ i.e. not the hard stuff. I understand that paper gold has a value of 6 times that of the world’s total of real gold. This would create an interesting situation for those pensioners who wish to redeem their paper from a gold broker or mint.