AUSTRALIAN superannuation fund members are now at risk of seeing their balances go backwards for the third successive financial year, following the 7.5 per cent downward lurch that has wracked global sharemarkets since May 1.
Why they selling down ?
the Great Mining boom, past 3 years amazingly record profits from banks !!!
If superfunds had only invested in Banks.... Funds should have gone up steady from year to year....
But there is no logic in Investing in Australia. You feed others with your money. 1000% sure!!!!!!!!!!!!!!!!!!!!!!
