lindso47"Fair call. Although plenty of posters seem to be looking for facts, not just opinions, which I find a bit scary."
Who are the fact givers online its all rubbish, pay someone you DEFINITELY TRUST (good luck with that) or educate yourself, FACTS in the stockmarket do not exist, educate follow TA or FA, OR buy a managed fund HA HA, or an lic gees they have done well. Whats scary someone that buys a financial product or a asx10 share
lindso47"Don't forget too that 1) plenty of smsf's have had negative returns" Yeah state your facts, i look forward to you coming up with this figure as it is impossible to calculate
Lindso47 2)" plenty of non-smsf funds have been positive returns too, if they have been in cash or taken advantage of the post-gfc upswing".
The "post-gfc upswing" managed funds & super funds do not get any benefit from that most are buy & hold do not tell fibs. How much would it have cost to change your standing in fees, kickback to the financial planner, kickback to the fund manager..... if i wanted to do it twice in 6 months, your fee industry would have destroyed my retirement fund
lindso47"Anyone with a super fund (retail/wholesale/industry/smsf) should have more than 1 investment option available to them, the question I often raise is whether they have exercised that option or just accepted the media quotes "Super has had a great year" or "Super has had a bad year" etc, which generalises about generally a 'Balanced' or default portfolio (which has a huge range of variations. Interestingly, I think about 75% of Industry Fund accounts are in a default option and about 30% for 'retail' fund accounts. Obviously many non-industry fund members are exercising some choice."
Thanks for the advertisement, MY SMSF 30% last year,, my good friend 35%, others 20% 15% 10% & the cash & goldies, as you see no capital loss. as for personal lets not go there. If we were managed by financial "PROFESSIONALS" we would all be at a loss due to fees even if we told them what to do.
lindso47"From memory, I don;t think licensed advisers can post in that capacity, only as individuals, but that's from memory..."
If your not a young gun financial planner i don't know who would be, you may not be licenced but your boss is. Ask him about your posts maybe i am your boss lets discuss next week. Maybe you are the boss, might need to read the terms of your licence again.
