cheers boomaRecently received information on the same topic,...

cheers booma
Recently received information on the same topic, which I intend to follow up on.

I am turning 50 shortly and self managed fund is where I am heading with the help of a wonderful accountant who really knows what he is doing. He makes me stretch my way of thinking about investment and is ethical (money for me and him). He is food for the investment soul and I was very privileged to have been introduced to him.

When I look at my super statement it is a joke. I purposely changed to only Aus/Int stocks 2 years ago and the damned thing costs me more in fees that it makes. I only end up in front in total because of the contributions I made in a market that has boomed!.... Not for long, this is changing rapidly, without them.

Bit harsh I know but I think super fund managers and 'advisers' are leeches, I am yet to meet one that gives advice to my benefit (their job). I have done better on my own in 1 year than professional 'advisers' and fund managers have done for me in 20! My apologies for the decent ones out there, I am just yet to meet one of you to benefit from your 'advice'.