Superannuation is just another ponzi scheme which helps overvalue penny stocks to hysterically high levels.The trillions of Australian dollars in Australian superannuation accounts has removed this cash from the Australian economy and has placed it the hands of over paid fund managers who do not warn of impending disaster, as in 2008.
Most younger people will not be able to access their super because the preservation age keeps going up.
What is the point of receiving a wad of cash when you too old and too frail to enjoy it.
I guess it will pay for your nursing home fees as they hand feed you watered down soup you dribble down your chin and give you so much medication you sleep 16 hours a day.
Super is a scam.
Over paid CEO's of many Australian and overseas companies listed on **promotion blocked** are laughing though.
The DOW and S P 500 are slipping, as is the ALL Ords.
Their are huge debts everywhere, especially here in Australia.
I have been telling my acquaintances to watch the market carefully as the bubble will burst for the last 12 months.
The process has started and your super fund mangers will give no advise or warning until it's too late. You will have lost 20% of your super already .
iwonder
