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
