self managed superfunds, page-5

I think your giving yourself away.....where there is smoke, a fire is burning!.....

A previous post by yourself Invincible!

Subject using superannuation to trade or invest
Posted 23/08/02 12:30 - 9 reads
Posted by invincible
Post #6704 - start of thread

Given the poor performance of most superfunds
during the last financial year members should start
considering managing their own super through
a DIY fund.

My fund resulted in an overall loss of 6% for the FY01/02 leading me to look into setting up a diy fund. I find the main problem with investing in a pooled/managedfund is that the fund manager/adviser will never advise you to sell part or all of your investment when this is appropriate - simply because their trailing commissions or admin fees will then fall. All they seem to advise is to just BUY BUY BUY this is clearly a conflict of interest with most fund managers and financial advisers to increase revenues.

Anyway if your looking at setting up a diy fund, one
site offering free setup is rolsolutions.com.au

let me know your thoughts on this issue.

invincible