Superannuation Discussion + market volatility

[Happy Dude]

Please don't tell @JessicaTam about the grammar.

As super returns are always in the past the grammar should have be "consistently outperformed the retails".

lol. I'll leave the grammar-shaming to the grammar thread. It was more about others disagreeing. If your fund appears above the retails on a table ranking funds by best to worst performance, where's the disagreement?

 

[Quickstatus]

where's the disagreement?

Refers to the some or more of the parts of that paragraph starting from "Super needs to be...".

 

[RooFlyer]

My best Super investment was to buy an investment property in Coles Bay (Tas) - sorta the Byron Bay of Tas ... appropriately scaled - 25 years before I eventually retired. Sold it after I retired co-incidentally during a local real estate boom and put the proceeds into SMSF when you could tip heaps in. Kept me in gin ever since.

I do think that people should be able to withdraw from their Super funds to put a deposit to buy property (as a residence) as its a much safer investment than alternatives you are permitted to invest in. And more socially useful.

 

[tgh]

withdraw from their Super funds to put a deposit to buy property (as a residence

A really good idea but of course not popular with guvmnt as they expect more aged pensions down the track

 

[SYD]

withdraw from their Super funds to put a deposit to buy property (as a residence

A really good idea but of course not popular with guvmnt as they expect more aged pensions down the track

Especially if the home is exempt from the asset test.

 

[Happy Dude]

Refers to the some or more of the parts of that paragraph starting from "Super needs to be...".

Ah. Gotcha. So it's a discussion about the risk level, not the fund's relative performance.

 

[Quickstatus]

So it's a discussion about the risk level, not the fund's relative performance.

it was a comment about relative performance and also a philosophical opinion of what super should be and the related/resulting overarching mandate for fund managers.