Australia's largest stock trading and investment forum Australia's #1 stock forum

STT Week end 24th Feb 2023, page-2

First 2 Last

Share
Profile

Follow
ammie

11,961 Posts.

842

24/02/23

18:04

Post #: 66453451
Share

Originally posted by Malaga: ↑

Another week end. Hope the week went well. Much talk about Superannuation so might add a bit. Went to a seminar few years ago and heard the term The Starving Millionaires.
Refers to a group that can be sitting on a multi million dollar House but have very little funds and live like paupers. Increasingly there is a group of self Funded retirees that draw down the minimum amount of funds and then even reinvest some money and live on the bare ar-- funds. Seems weird but it is becoming a problem as elderly boomers try to hoard as much as possible to leave to their children. I know of many cases were boomers are dropping private health cover, eating cheap rubbish frozen foods and generally leading boring frugal lives whilst having $1.5 million in super. Perhaps the problem is the mentally of generations or just fear for their legacy who knows but do not go crying poor, poor me.

Expand

Tricky music theme. This is the best I can do. I thought this was 70s hair but the song is from the 80s. So many big hair decades.
9 Upvote

0 Great analysis

Reply

Top Stories

OSL

OncoSil wraps up recruitment for key pancreatic cancer trial

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

NMG

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

THL

Tourism Holdings says Liberation Day tariffs smashed US RV demand

Trump chides Powell as Goldman call for calm. The RBA must be nervous

I88

Infini Resources onto Phase 2 at Portland Creek after spotting 'widespread uranium'

KGD

Kula picks up unexplored niobium play in Malawi, with surface samples logged

DMP

Is Domino's a steal after -25% plunge?

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

First 2 Last

SPONSORED BY