...and the bonds part, we don't have 30 year bonds (though there is a 20/25 year one offered at the moment), so that needs to be modified.
It seems, basically, as soon as modification starts, things need to be altered to re-balance the portfolio's aim (to minimse potential loss, and gain conservatively, IMO).
One other thing that affects Australia more is the international market. For example, we hold reserves in AUD (we being you and I), but international situations can cause the AUD to lose power, which shouldn't matter, except that it correlates to the ASX as well. Dollar's down, so are shares, shares are up, so is the dollar.
At least, that's been my observation in the past few months.
Hence, I'm thinking about holding some currency in a non-AUD figure (Swiss Francs, or the USD, or the Yuan) - but then, that only protects me from smaller problems, and doesn't let me get the 6.5-6.7% growth I could achieve.
Personally, I'm unsure of how to move on gold. I can see there's a solid argument for holding some gold, but at the moment it doesn't seem to be a great time to buy. I don't have the capital (nor will I for a year or two) to implement the PP, so I'm considering waiting for gold to drop (if it does) before buying. At the moment, though, the price of entry is quite high!
Then trying to work out how to fit super in is ungodly. Should I treat it separately? Should I go for SMSF? Should I treat it as part of the stocks portfolio? Gah!
Honestly, the past year (really the only time I've been paying attention) has been doing my head in. Growth has slowed, but most sectors are still growing, yet everyone's acting like the Australian economy is on the brink of complete collapse! Housing is still strong, the mining boom is predicted to last another decade, or more, the agricultural sector has had some problems this year (floods and cyclones), but all in all things seem 'fine'.
Although, my girlfriend tells me Westpac offers her 7% or so interest, so there might be a better vessel.