why super can be run by dopes ..., page-22

BN - are these the 'facts' you are referring to, from the smsf thread a couple of weeks ago:

"funny how experts lose more money than plods.(i've been in cash since the asx 200 hit 4900) managed investments NO

The XJO rises 30% fees bring it down to 5%
the XJO drops 30% fees bring it down to 50%"

Wow! How do I get a slice of some of those fees??? I must be doing something wrong.


Or maybe this gem above "Hey lindso How do you find the good from the bad?? when 90% are bad, when you do not have a couple of million to invest"
why only 90%??

If the question you are waiting an answer for is an example of someone getting benefits from advice, well I know a few people that were specifically advised a couple of years ago to only have any International exposure/investments that Hedge the currency. Last 12 months the differences have been around 20+%

eg Blackrock Global Small Caps - 2yr to end May 11.65%pa; Hedged version of same fund 28.72%pa. (These are wholesale so no commissions deducted out of these returns).

Was that the answer you were looking for? I expect you won't directly address it, like many of my other responses to your statements. Instead, there will just be another rant about nothing specific, just rhetoric.

PS The reason $50k is usually considered too small IS a fee thing. Mostly they are started by Accountants that don't get involved in the investing, so the fees become a huge % of the value and the 'plods' end up complaining to everyone that will listen at the pub or forums like this. If you have a concern with that, ring the ATO because thy have set the benchmark.