From: Alan Hill
I read an interesting article in The Herald this morning by Annette Sampson titled 'Super funds get wake-up call'.
In light of the fact that since July 1, employers have been required to increase their contributions to super from 8 to 9 per cent; I thought it might be interesting to see what sort of returns certain 'professional' investor groups have achieved.
Let me quote a section:
"With around half the big super fund managers now having reported their financial year returns, Intech Financial Services confirmed this week that the median super fund is looking at a LOSS of 4.1 per cent. (Intech says the 'typical' fund has around 70 per cent of its money in 'growth' assets such as shares and property and around 23 per cent of its money in international shares. With international shares down around 20 per cent in $A terms and Australian shares down by around 4.7 per cent, it was a rare fund that managed to provide a positive return to its members.)
Now admittedly, various asset classes will have good and bad years but I think this type of article reinforces why many of us are here. We personally have to take responsibility for our own future financial well-being!
How many of the Forum did better than MINUS 4.1% last year? Hmmmm......I think there were probably many if not most.
Congratulations guys! If you did do better than the above, obviously much of the effort, education and enthusiasm is working for you. Your achieving better returns than the large professional fund managers!
Let's see by how much we can whip those guys by this financial year shall we?
I read an interesting article in The Herald this morning by Annette Sampson titled 'Super funds get wake-up call'.
In light of the fact that since July 1, employers have been required to increase their contributions to super from 8 to 9 per cent; I thought it might be interesting to see what sort of returns certain 'professional' investor groups have achieved.
Let me quote a section:
"With around half the big super fund managers now having reported their financial year returns, Intech Financial Services confirmed this week that the median super fund is looking at a LOSS of 4.1 per cent. (Intech says the 'typical' fund has around 70 per cent of its money in 'growth' assets such as shares and property and around 23 per cent of its money in international shares. With international shares down around 20 per cent in $A terms and Australian shares down by around 4.7 per cent, it was a rare fund that managed to provide a positive return to its members.)
Now admittedly, various asset classes will have good and bad years but I think this type of article reinforces why many of us are here. We personally have to take responsibility for our own future financial well-being!
How many of the Forum did better than MINUS 4.1% last year? Hmmmm......I think there were probably many if not most.
Congratulations guys! If you did do better than the above, obviously much of the effort, education and enthusiasm is working for you. Your achieving better returns than the large professional fund managers!
Let's see by how much we can whip those guys by this financial year shall we?
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