From: Simon and Julie M
Where will the baby boomer money go?
With the US stockmarket falling and other world markets following suit, big and small players are taking their money out - but the BIG QUESTION is where will they put their money. It is obvious that Australians are still putting their money into real estate but will the tide turn with lower and lower returns and a tightening rental market.
Some of the big mutual funds in the US have taken money out of the stock market and are holding it in cash. Individuals are also pulling out, fearing losing retirement funds.
Markets have had big downturns before but this screnario is interesting because there is a lot of baby boomer money out there.
Where will the baby boomers and mutual funds put the money now???
Julie M
Where will the baby boomer money go?
With the US stockmarket falling and other world markets following suit, big and small players are taking their money out - but the BIG QUESTION is where will they put their money. It is obvious that Australians are still putting their money into real estate but will the tide turn with lower and lower returns and a tightening rental market.
Some of the big mutual funds in the US have taken money out of the stock market and are holding it in cash. Individuals are also pulling out, fearing losing retirement funds.
Markets have had big downturns before but this screnario is interesting because there is a lot of baby boomer money out there.
Where will the baby boomers and mutual funds put the money now???
Julie M
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