Perhaps even more importantly, Arndt warns that many of the traditional tools that Australian investors have relied on to construct their portfolios – essentially lots of equities, with bonds and currencies for defence – are unlikely to work. The traditional portfolio of 60 per cent equities and 40 per cent bonds, is dead, he says. “My key message is that it’s time for people to act on this,” Arndt says. “I really want to start a conversation. Because the thing here is that the world is changing … but who’s talking about that? And more importantly, for all those savers...