I have a super wrap account with Netwealth. I swapped out of a traditional fund about ten years ago because I couldn't stomach the fact that I was paying thousands for the fund managers to lose my money. My rationale being that if I lost my own money I would be able to punish the culprit much more effectively. Netwealth impose some limitations on how you allocate your investments, which help you to protect yourself against going all in on risky plays. But you still need to be very confident you can choose good investments for your nest egg.
Ann: Share Purchase Plan Booklet, page-14
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