Author Topic: Investing...who does it?  (Read 9016 times)

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Offline cruizer

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Re: Investing...who does it?
« Reply #30 on: Sep 21, 2007, 10:26AM »
Thanks for that....backs up what i was saying  ;)

Offline oldn_tired

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Re: Investing...who does it?
« Reply #31 on: Sep 21, 2007, 02:49PM »
With two exwives my idea of investing is my weekly lotto coupon

Offline Budgie

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Re: Investing...who does it?
« Reply #32 on: Sep 21, 2007, 02:51PM »
With two exwives my idea of investing is my weekly lotto coupon

Fucking LOL :)
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Offline Febrile

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Re: Investing...who does it?
« Reply #33 on: Sep 22, 2007, 03:21PM »
I've done a finance class at uni and one thing I learned was that due to the nature of shares being a random walk etc that it means superannuation companies aren't really much better at picking the right investments than the average joe - with this in mind, do you think it's worth shopping around for super funds, or should I just stick with the one where my money is?  I mean are there any attributes that are worth seeking out in a super fund company?

I work in the superannuation industry, have done so for the last 6-7 years, and I have to say it is the most tax effective savings strategy that you will find regardless of age/income/etc.  It shits all over shares, cash, property (dependant on variables though), etc.

At the end of the day, super is here to stay, and Australia's retirement income system is world leading and a model that other countries are trying to follow....it is somewhat over regulated though....Basically, it is set up to ensure retirement income so that when people like us hit retirement age the government will not have to provide us with an age pension.  Yes, you will pay 15% contribution tax on monies entering the fund, but if you retire at 60 you will receive your entire balance tax free and not as declarable income.  It does have social security assets implications, but that's another story.

If you at age 18-19-20 can manage to throw even an extra $10 a week into super, you will be so much better off than the person who doesn't.  As mentioned earlier, compound interest is the key.

Ignore the industry super fund ads on TV, the one's about how they don't pay commision to financial advisors and all profits go to members.....who do you reckon is paying for those ads?

I laugh every time those ads come on TV.

That was my shitful lecture for the night, can't be assed typing any more crap.
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Offline I'm what Willis was talkin' 'bout

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Re: Investing...who does it?
« Reply #34 on: Sep 22, 2007, 04:42PM »
Fee structure, available investment options and what insurance options are offered are three places to start.

A fund that is expensively managed for you whilst returning slightly better investment options may actually be worse off than the cheaper fund that returns slightly less. 

Also depends on who you work for, if they have their own default fund or corporate fund, etc. too.
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Offline Budgie

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Re: Investing...who does it?
« Reply #35 on: Sep 23, 2007, 03:51PM »
What do you guys think of this... fees wise?

Management fee of 0.50% of your average account balance per year. This fee is capped at $1,500 pa if your average account balance is $300,000 or more

This is the only fee my super fund has.
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Offline cruizer

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Re: Investing...who does it?
« Reply #36 on: Sep 23, 2007, 07:23PM »
Sounds good to me but I'm not a pro with super funds....

*Twiddles funds and waits for VALVG*