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Looks like every time the funds go 100% cash, the stock market has a rally. From memory they went 100% cash before March 2009 and again now, although the current rally is smaller compared to 2009, but it's still around 10% from it's recent lows. Cheers, Oracle.

Thanks that makes sense. Yes, totally agree that unless a fund cannot beat market and by market I mean the All Ordinary Accum Index (which includes re-invested dividends to calculate returns) and not their benchmark whatever that may be, it is not worth investing in that fund. I think it...

Hi agent007, Not knowing your situation or Steve's Managed funds situation as I am not one of his clients. But do you think excessive debt might have played a big role in the huge losses? I mean debt could be margin loan that you took, and/or excessive debt taken by companies in which...

Understood. Hence, my post only details facts which are already available on other online sites (website name appropriately quoted). No conclusions, criticisms or praises made. Just outline the facts and let ppl make their own judgements. Cheers, Oracle.

Not sure if a post I made some time back might help. http://www.somersoft.com/forums/showpost.php?p=757010&postcount=54 Cheers, Oracle.