smsf, page-16

Which returns? Cash, Funds, Shares, Hedged, Unhedged,? Which type of client?

Yes, I do. Both shares and Funds.

Plenty of Smaller Company FUnds and Hedged International 9hedged being the kicker) have returned over 15% last 12 months. Doesn't mean you should invest in them forever though.

That last line was coutoff somehow - it was meant to say Market Cap, to see how big or small they were i.e. an investment or a speccie? How many of your 'winners' were in the ASX100??

ETF's and LIC's are one thing and are generally Index based or fairly passive, which is why they are cheaper.

Your plods vs... challenge is a bit schoolyard isn't it? I mean, you are assuming professionals ONLY use funds. Plus how can you compare 1 investment to a portfolio? What adjustment for risk?

Good luck with your new improved challenge....