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Not talking about a measley 3 or 4 millionThe talk was about the...

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Golden Fleece

3,455 Posts.

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24/02/23

07:27

Post #: 66434874
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Originally posted by Hittman: ↑

Prepare to be humbled.
Prepare to admit you're wrong.
Prepare to be a man and apologise.

I have an industry Super account, not even an SMSF and have managed to turn $1M to $3M in 6 1/2 years just by taking advantage of the direct share investment option of my Super.

I'm in my 50's if I had made the move to look after my Superannuation sooner I'd have far more.

You're going to reply, oh but you had a $1M to begin with, yes but I was 49.

If I had taken an interest at 25 on how my money was invested I'd be even better off.

Then there is the advantage of SMSF's being able to invest directly in property.

A young person could easily get 3 properties in their Superannuation over their working life.

With the likely High Balance Cap coming in, it may not be worth it now, but it is certainly possible to still attain millions in Superannuation.

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Not talking about a measley 3 or 4 million

The talk was about the people with many tens of millions and more

Sure, you might be a genius whose investment returns have bettered anyone else on the planet; but the whole point was that it will be impossible (for most normal people) to build up funds worth tens of millions or more
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