"My point is that its stupid if people complain about super being a bad investment when it is merely a holding structure and the investments within it are what one makes them."
absolutely correct.
It is a belief thing - people think super funds are a place for shareholdings - only park in cash whilst waiting.
Same thing as most people think of the stock market as being a place where you buy shares and sell them when they are higher.
It's all belief - and false belief at that.
Australians are imo very uneducated about finance - they will buy something and sell it at the drop of a hat for a small but highly visible profit - putting very little thought into value. They often do that without the slightest thought of what tax is due as well.
I am constantly amazed at how we buy cars and boats or even lawn mowers compared to how we buy a stock.
People will research for days - even weeks to buy a car - but they will jump into a stock the next morning after a mate tells them of a stockmarket tip ?????
And then they whinge when the sp goes south. Amazing.
We are a strange mob. I guess that is one of the things that makes living here great - god seems to look after us for some reason - probably because we can't do it ourselves much :)
