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All my assets are in crypto. How will this affect my pension? | Sydney Morning Herald (archive.is)

submitted 2 months ago by [email protected] to c/[email protected]

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Original URL (paywalled): https://www.smh.com.au/money/super-and-retirement/all-my-assets-are-in-crypto-how-will-this-affect-my-pension-20241112-p5kpys.html

This has to be a fake question for clickbait, right?

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[–] [email protected] 6 points 2 months ago (3 children)

I think it’s bait.

[–] [email protected] 5 points 2 months ago (1 children)

Surprisingly, it wasn't (entirely). It was one of the questions asked to the money editor this week. In context, it wasn't even a bad question.

They just picked the question most likely to generate clicks.

[–] [email protected] 2 points 2 months ago* (last edited 2 months ago)

Why do you reckon it wasn't made up? Was it submitted through a public platform or something?

[–] [email protected] 2 points 2 months ago

I hope so!

[–] [email protected] 2 points 2 months ago (1 children)

Based on the sort of questions people ask in the Super/retirement groups I'm in I think its highly likely to be real. I'm not sure that putting all your retirement money into crypto is actually a worse strategy than the more common strategy of taking all your money out of the market every time it drops and buying back in when it goes up.

[–] [email protected] 1 points 1 month ago* (last edited 1 month ago)

If thats their current "strategy" they'll do the same thing with crypto. Buying high and selling low has a time honoured history.

"Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves." - Peter Lynch