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According to Professor Asha Rao, while many individuals don’t consider their data “important” enough to feel vulnerable to cyber security threats, it’s precisely that attitude that is preyed upon by cyber criminals.

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The associate dean of mathematical sciences at RMIT University joins host Grace Ormsby on this episode of The nestegg Podcast to discuss the recent cyber attacks affecting the Australian government, the importance of remaining vigilant around cyber security, and the common scams that people should be wary of.

Professor Rao explains how automated technology makes cyber crime more profitable, why the pandemic has increased our exposure risk to such threats, and what to do if you think you’ve compromised your cyber security.

Thanks Professor Rao, for sharing your insights with the nestegg podcast team!

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Retirement

Why timing is everything in retirement

By Cameron Micallef

March 06 2020
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Retirement

Why timing is everything in retirement

By Cameron Micallef
March 06 2020

Older Australians who are looking to have a fruitful retirement have been advised to carefully consider timing, with a bad year early on in retirement having the potential to wreak havoc on future returns.

Why timing is everything in retirement

By Cameron Micallef

March 06 2020
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According to a webinar hosted by Montgomery Investments founder and chief investment officer Roger Montgomery, an investor who experiences major drawdowns early are significantly worse off than those who feel the pinch later in life.

Using the example of an investor with $2.5 million, Mr Montgomery showed the potential impacts for investors.

The impact of a poor sequence of returns has to be experienced somewhere, and in the above example, it is experienced through income (pension payment). That is, the Scenario A pension payment aggregates to $9.206 million over 30 years (or an average annual payment of $306,851) while the Reversed Scenario pension payment aggregates to $4.384 million over 30 years (or an average annual payment of $146,130). This is a difference of $4,821,451, or an average of $160,715 in annual pension payments.

To mitigate against sequencing risk early, the fund manager highlights cash strategies as well as investing which protects against downside risks.

“We believe mitigating against the risk of loss through the diligent use of cash in a portfolio, by not investing in when the market is expensive, by not investing in high-risk, high-beta companies, by avoiding those risk and investing in cash, we believe it can produce a superior outcome for retirees,” Mr Montgomery said.

Elsewhere in the webinar, Mr Montgomery shared how older Aussies who moved up the risk curve are especially exposed to the coronavirus outbreak.

Using the virus as an example, Mr Montgomery highlighted the importance of sequencing in retirement, with falling returns later in life not having the same impact as early-stage reductions.

“Sequence is essentially the order of returns you receive. What you don’t want is large losses early,” Mr Montgomery said.

Finally, the fund manager highlighted how effective cash strategies can be used to purchase value in equities when they provide themselves.

Mr Montgomery concluded: “Look at the P/E today for the ASX 200, what you’ll notice it is where it was back in 2019 and where it was in June 2018.

“The alternative of investing in bonds is far less attractive, so we are on the lookout for value in a variety of sectors.”

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.