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farcanal

2,130 Posts.

35

27/05/19

19:37

Post #: 38767906
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Originally posted by darryle ↑

let’s assume the need is for 45k the level stipulated to beat off poverty, that is 4.5% return. The statement said doubled so let’s earnings were 8%, it would have doubled in 9 years. Now add in the 4.5% for income aside from the 8% growth. That is a great fund that can return that even allowing for the GFC.
add it the increasing rate of minimum drawdown this just gets better.
Add in the outrageous investment fees with industry funds and I’m running with BS.
I would not give an industry fund the sweat off my private parts.
They pay .15 for investments, on charge at .75+ and forward $73,000,000 to unions over last short period.
I expect you are in the pay of the union funds.
to clear your name please list the funds you have invested in so I can look at their long term
performance.
Thanks

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Took my super years ago.
Wasted it on 20 golfing trips to Thailand over a 10 year period. Retired at age 54. Absolutely no regrets. I've got mates over 70 hanging onto their super "just in case"
Just booked Thailand trip number 21 for August.
Incidentally, I've recently got back into the workforce mainly due to boredom. Got a nice little part timer paying me $50 per hour for about 15 to 20 hours per week, and still get my 2 days of golf a week.
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