I changed over last year to a SMSF for the sole purpose of diversity and i believed that i could do better than the Managed Superfunds.
Now the ar$eholes want to take that away. IMO, this is a real kick in the guts for the little guy trying to get ahead.
I am really pi$$ed of about this.
Currently, i am in e-superfund which manages all the paperwork. As a small business owner, it is a perfect way not having to mess around with compliance and concentrate on my investments.
What makes it worse, if this type of law is introduced it will mean that many including myself will have to change back to managed funds whereby many are already being shafted with the ongoing fees and under performance.
Rudd and his gang will lose the next election if this goes ahead. They can stuff the economy. However, when they start stuffing with my hard earned,watch out.
