nen part of the s&p/asx 300 index, page-10

BPAA,

Sure they are. Your completely right. The best profits are there in the early period of a company's development but most of the risk is also in that same period. A good chunk of the funds under management are super / pension funds and they are for the mostpart more conservative as per the govt mandate. Slow and steady is there game and for good reason. There are enough retirees tough having lost 20% of their fund during the recent market corrections. The country couldn't afford to make up the difference if all these funds where in even higher risk stuff and those funds were down 80% or more.

Risk and rockets to the moon are a game for those who have some spare cash and feel like a gamble. Its got much better odds than cigarettes and booze long term and if you get good at it or lucky (not sure the two aren't one and the same) then you may just have a more comfortable retirement than those that hoped that the fund managers would do them right.

Let the funds do what they are doing knowing full well if you backed the right horse when it was an unknown you should do very nicely when the funds get in later on at much higher prices. for once you are int eh excusive club in which they aren't allowed to play.


Ricky,

What do the Kiwi govt call that stupid tax ? Is it the self funded retirement disincentive tax ?