I recently had a visit from a financial advisor from one of the main banks. He gave me some brochures on various funds that showed some serious returns in the last 2 years, 12 -30 percent, which to be honest are very tempting, but a big part of me likes the security of cash.
I also felt these are the guys that gave advice to buy property, shares etc in the boom, and now that the people that took their advice are probably broke, they are looking for their next victims.
I remained conservative during the boom, and have a small amount of shares, the rest is in cash, getting 3.5% from post office and other insitutions aroud 3%.
Should i start changing my outlook.