Where has my super gone?
- Thread starter knocker
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Re: Where has my supa gone?
Is that a serious quesion>
Is that a serious quesion>
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Re: Where has my supa gone?
Wow knocker,
If it only shed 10K you're doing really well.
Wow knocker,
If it only shed 10K you're doing really well.
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Re: Where has my supa gone?
Not if his balance was 11K prior
Wow knocker,
If it only shed 10K you're doing really well.
Not if his balance was 11K prior
Re: Where has my supa gone?
Well actually it was only 50k but now 40Not if his balance was 11K prior
tech/a
No Ordinary Duck
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Re: Where has my supa gone?
The 10K hasnt gone somewhere else.
Only the value has altered.
The 10K hasnt gone somewhere else.
Only the value has altered.
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Prospector
Not a scaredy cat anymore
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Re: Where has my supa gone?
I'm with Sammy. Was that really a serious question?
To be followed by another one.: In this case, is that a 20% 'loss' from the previous year?
That is the figure you should be using, not the actual $$ amount. I reckon many Super Funds are down 20% this year. Lots of shocks when the letters are opened. I havent got the accountant figures yet but my SMSF is down around 15% from last year.
I'm with Sammy. Was that really a serious question?
To be followed by another one.
: In this case, is that a 20% 'loss' from the previous year?That is the figure you should be using, not the actual $$ amount. I reckon many Super Funds are down 20% this year. Lots of shocks when the letters are opened. I havent got the accountant figures yet but my SMSF is down around 15% from last year.
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Re: Where has my supa gone?
My super increased, beat that
My super increased, beat that
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You must be the victim of some kind of crime because according to my colleagues in 2007, super never goes down, so you would be mad not to pump all your money into it.
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Should be a fairly easy exercise to check your super report, it will tell you the asset class allocation percentages..ie Oz shares, International shares, cash, property etc.
that gives you a basis to check its performance using index data for those capital classes.
Asset allocation and benchmarking performance is something I spend time on.
My SMSF is up slightly for 08-09, so I have stopped beating myself up since the release of figures showing that similar retail and industry Super schemes are well down.
deciding what to benchmark yourself against and measuring it is tricky.
My aim when joining ASF, as identified in my first post, was to self-manage, and be ahead of like super funds after fees and tax, I have well and truly achieved that.
Improving my alpha and beta is an ongoing work in progress
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just watching financial news
average balanced super fund return for the 08-09 is -12.7%
I always calculate my return after all tax and fees.
can make a significant difference.
apart from fees, one reason I went to SMSF is that in MINs/ Wraps, I was not getting the full benefit of Dividend Imputation, (or Capital raisings)
average balanced super fund return for the 08-09 is -12.7%
I always calculate my return after all tax and fees.
can make a significant difference.
apart from fees, one reason I went to SMSF is that in MINs/ Wraps, I was not getting the full benefit of Dividend Imputation, (or Capital raisings)
Prospector
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Yes, that is the way to calculate returns. Last year I held shares in BRK which probably tipped my losses further than normal trading conditions. I guess when the SMSF earns well in excess of other managed Supers in most years, if you dont get out quick enough then there is a greater potential for higher losses in the not-so-good years.
Knocker, only Public Servants have any guarantees on what their Super is valued at.
And well done to beamstas.
:
Julia
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Re: Where has my supa gone?
Mine has.
Still a bit down on the peak of November 2007 though.
I'd imagine the super of many people increased in the last year.My super increased, beat that
Mine has.
Still a bit down on the peak of November 2007 though.
Re: Where has my supa gone?
Spare a thought for us poor soles who cash up our super just before the collapse last year - yep I got lucky, but now I'm too frigen timid to put it back in!!
Spare a thought for us poor soles who cash up our super just before the collapse last year - yep I got lucky, but now I'm too frigen timid to put it back in!!
Knocker, only Public Servants have any guarantees on what their Super is valued at.
I know some very lucky individuals in the private sector that still have defined benefits which means their super is calculated on their final salary and based on how many years worked etc.
No doubt their employers will be looking at ways to remove these individuals before retiring age!
Cheers
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http://www.fundmonitors.com.au/
An interesting site for those who wish to try and find a fund that performs consistently in any environment (a must these days IMO).
An interesting site for those who wish to try and find a fund that performs consistently in any environment (a must these days IMO).
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BTW, no affiliation whatsoever with this site.
Just heard about it last night and spent a couple hours on it, pretty interesting and useful.
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