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No! It is certainly not what my original post said. Though I cringe when I re-read my heading it was an attempt to get you to look beyond "inner suburban (2km - 15km out of most Oz major cities) property ". Australia is totaly dependant upon Japan, China and the US of A.

Their guideline percentages should be in their statements or offer documents. It is a puplic document. Actual breakdown ATM should be available too, but they may not tell you their exposure to NAB. They should though, it's your money. If they can't make a profit in a healthy market, you...

OK, so can I change the heading a little to include the words "inevitable" and "slippery slope"? What makes you think we can walk through the Valley Of Death unscathed if the US fails? I don't. For Aus reference see http://www.theage.com.au/articles/2004/08/07/1091732139240.html and...

Your balanced fund is probably heavy on bank shares, NAB in particular, and possibly outside their guidelines. Even balanced don't hold much cash today, that's not where the action is. Strip out NAB and to a lesser degree the other three, and the stock market is at record highs. Thommo

I know most here think I'm a chicken little and do not believe a word I say. If so read no further. However, if you don't wish to get caught out, keep reading. I may be right. At least the economic journalists I read may be right. The headlines last Friday (US time) said that there was only...