Talk about ponzi schemes, compulsory super is IT. Think about it. 10% of every wage goes into super. Where does the bulk of that money go? The stock market and cash accounts at your friendly bank. I think most companies on the ASX are over valued by at least 30%. Can anyone show me a bluechip stock that pays a 5% dividend? That is the reason I started my own SMSF. Now I can control every investment. I saw a graph in the courier mail depicting super funds and their performance over a few years. The range was from -4% to + 4%. HUH???
My SMSF has doubled since I took control in 2008. (sorry for doing a skol and telling you all how successful I am, but really a SMSF is the way to go. For instance I can actually see my money. Yes you are allowed to buy physical precious metals, awesome .... (and take delivery)
