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Harrow said..We're talking about different investments outside of super, so comparison with super isn't valid.

Topic is "How good is Super". My point is if you can put money in before tax it is good. Especially at a high tax bracket.

Access to moving super funds is so easy now that it's almost to the point that if you lose money it's your own fault for not moving it to safer investments. I don't think anyone has gotten away without a slight burn but over 20% is huge. Long term it will either make a huge difference or not much depending on your mind set but just 10% saved, reinvested at the right time and compounded over 20 years is a lot.

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saltiest1 said..
Access to moving super funds is so easy now that it's almost to the point that if you lose money it's your own fault for not moving it to safer investments. I don't think anyone has gotten away without a slight burn but over 20% is huge. Long term it will either make a huge difference or not much depending on your mind set but just 10% saved, reinvested at the right time and compounded over 20 years is a lot.

Market has dropped over 30% from Feb 20 peak. I've lost 13.5%. Guess I should be happy about that. It would have been 20% if I hadn't followed your lead.

You don't happen to sail the twilight series in Gunnamatta Bay, do you?

Ill say it one more time guys - super funds dont mark all their assets to market on a daily basis even though they publish a daily buy/sell price. The unlisted stuff like commercial property, direct project investments etc gets priced as if nothing has happened.

What this means is when the sell orders have come to switch to cash etc they sell the liquid stuff at any price to honour the switch and that drops the entry exit price but not by as much as it should. They are pretending some portion of their assets are unaffected at this stage. This action is why we are seeing liquidity crunches - anything liquid gets sold at any price.

Come end of the month or so if they are still getting lots of sell orders then they have to drop the unlisted values as well and you get a delayed catch up fall in the fund prices.

All funds do it to varying degrees but the industry funds have more direct investments as an overall % so are the most affected.

Long story short - funds have lost way more than their current entry / exit prices show. The longer the panic selling goes the more that will eventually show up in their returns.

Conversely if the panic subsides within a few weeks they can then sell their funds back to the punters at inflated prices.

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Harrow said..

saltiest1 said..
Access to moving super funds is so easy now that it's almost to the point that if you lose money it's your own fault for not moving it to safer investments. I don't think anyone has gotten away without a slight burn but over 20% is huge. Long term it will either make a huge difference or not much depending on your mind set but just 10% saved, reinvested at the right time and compounded over 20 years is a lot.

Market has dropped over 30% from Feb 20 peak. I've lost 13.5%. Guess I should be happy about that. It would have been 20% if I hadn't followed your lead.

You don't happen to sail the twilight series in Gunnamatta Bay, do you?

Yeah. but if I look at the ratio of the daily prices of each investment strategy my fund offers, the number of units I own is based on those prices at the time I switched, and after I switched, that ratio has changed significantly, so I'm definitely better off for having done it, surely? (Provided I get back in time, whenever that is.)

Yeah Harrow the blue s&s.

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saltiest1 said..
Yeah Harrow the blue s&s.

I was crewing on the Castle trailer sailor a few weeks ago. You might get that beer after all.

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Gazuki said..
Ho good is Super annulation. Times like these really highlight it's awesomeness and what a great system it is. I like that it's compulsory, that way all Australians get too experience its greatness together.

I most like the idea of some snotty nose punk on the other side of the globe using my hard-earned to gamble/ play the share market. However my favorite part is when he loses it all and goes "oh well" didn't foresee that happening,.,, really,.. blind Fredy saw it coming.

Meanwhile, half my money just disappears and no one cares/ is responsible. (money I worked for/ cold cash)

It also gives me great joy knowing that I have worked for 25 years and I currently don't even have the equivalent to one year's salary.

Epic, so happy right now.

Don't forget the fees and the insurance that keeps re-appearing after it's taken off.
My own investments have been just as bad as my super.
Everything I hold on to tanks, everything I sell soars.

A$1 = US$0.55, exactly half what it was in ~2012 we're all poor now.

JIC.. Re super.. Tpp.. Over 60.. Set one up get salary top up payments made from super.. Recycle these into super as a top up payment.. .... As long as you are playing with top end tax bracket.. You end up getting subsidized by government.. Boosts returns..
Totally bizarre result from 2 separate sets of legislation..
Cheers
AP