Hi Yted and all, I just checked the ASX and to add what I posted...

Hi Yted and all,

I just checked the ASX and to add what I posted earlier. The ASX: 16/12/14 5,152 points and at todays close ASX: 4,928 a fall over the last twelve months of: 224 Points.

So all those super funds invested in the market or in the banks after inflation have gone absolutely nowhere or most likely backwards. Given the exorbitant fees these big super fund managers like to pay themselves for looking after what is euphemistically called other people’s money they are well and truly going down the gurgler.

The following is from an old 2012 article but it still rings true. With the ASX going backwards and many of the managed funds doing worse than the ASX performance I see a great deal of problems for many baby boomers retirement dreams. That’s why I like Gold and companies that look for, find and eventually dig it out of the ground.

“About three-quarters of all Australian equity fund managers did worse than the benchmark ASX 200 index over the past year, for instance. More than 90 per cent of fixed-interest fund managers did worse over a five-year period.”

“Extracted about $17 billion in fees from people's savings last year,”

http://www.theaustralian.com.au/business/opinion/exorbitant-super-fees-must-end/story-fnc2jivw-1226510180583

Cheers and very best regards: Andy