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Where has my super gone?

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Re: Where has my supa gone?

Buckeroo said:
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!!
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Why not put some back in, and keep some in cash.
You're missing out on some good profits at present.
 
Told Mum to withdraw the lot early last year.

She is doing very well and no longer pays fees or wears losses from the doyens of this "specialized field".
 
Re: Where has my supa gone?

Julia said:
Why not put some back in, and keep some in cash.
You're missing out on some good profits at present.
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Your right Julia, although have had some investments back in the market recently, am now pondering if I should expose some of the Super as well. Will maybe look at this over the next week or so - courage Buckeroo, courage.

I do though, intend to steer well clear of October - traditionally a black month

Cheers
 
I wonder how krisbarry's/stoptheclock's super is?
 
Re: Where has my supa gone?

knocker said:
Well actually it was only 50k but now 40
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The market has gone down fair a bit in the last two years. But if you are still working and contribute to the super last year, then the performance of your super is quite bad. Could be related how aggressive you are with your investment allocation.
 
"where has my super gone"

Think of it this way. A few people on ASF think I'm full of crap. So I decide to bottle my crap and sell it. Lots of people decide to invest in it and the price rises to $50,000 a bottle. This continues for a few years and I am very happy selling my crap for so much money. On the ACX (Australian Crap Exchange) the bottles of crap trade for $50,000 each and everyone is happy. But then one day for some unknown reason, not as many people want to buy my crap anymore and the value of the crap falls to $40,000 a bottle. I am no worse off because I do not hold my crap, I sell it immediately, knowing full well that it is, well, crap (sub prime mortgages anyone). However, all those people who hold my crap are $10,000 a bottle worse off. Does that explain it?

When I was retrenched in October last year, I was in a defined benefit fund - this got rolled into Australian equities around the December 2008 low, so that was good timing for my super. The downside of course is that I do not have a job still. And still have not been able to convince anyone to buy my crap
 
NeuromanceR said:
"Super is a great long-term investment." - Paul Clitheroe
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Typical Clitheroe comment.
The fact that it's a long term investment does not mean it doesn't need active management.

I reckon the bulk of Clitheroe's investment is shares in the sound of his own voice.
 
Julia said:
The fact that it's a long term investment does not mean it doesn't need active management.
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This is the crux of superannuation. A lot of people put it in the buy and forget category. It's thanks to ASF and bad share buying that I woke t the fact that the market was dropping and moved mine to cash. Current position would be about 15% down still if I hadn't changed it. So the share losses are more than compensated by the super "saved".
 
awg said:
... 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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Hi AWG,
Admiral!!


Some old threads are really good, why are they allowed to die??
 
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