It was interesting to hear Mr John Pearce comment on investors "switching" from growth funds (with relatively higher risk) to conservative funds (with relatively lower risk).And then, as the impact of Covid19 seemed to have stabilised, some switching back again.

My neighbour, Steve, finds this behavior difficult to understand.The view held by Steve is that superannuation is a long term investment and history shows that equity stocks and shares (growth funds)alwaysoutperform bonds and cash (conservative funds).On this basis, Steve thinks all investors should have growth funds and there is no need for switching at all, even in this current crisis.

But not all people agree with Steve's opinion.

What would you do?