This idea was prompted by a comment I just made in another thread.
I think some discount super fund managers offer you the ability to get your entry fees in a fund rebated back to you. In some cases they rebate the fees back by cheque. I'm not sure if this is applicable to super funds specifically, however.
My [insidious] thought. Some of these funds have entry fees as high as 5%. If you could roll-over your super monies and get a 5% rebate cheque you could do this multiple times and eventually get most of your monies rebated. Like churning in reverse.
Of course, if will get to a point of diminishing return that you will never recover all of your money. 14 individual roll-overs would get 50% of your money back.
I wonder if anyone has tried it?
I think some discount super fund managers offer you the ability to get your entry fees in a fund rebated back to you. In some cases they rebate the fees back by cheque. I'm not sure if this is applicable to super funds specifically, however.
My [insidious] thought. Some of these funds have entry fees as high as 5%. If you could roll-over your super monies and get a 5% rebate cheque you could do this multiple times and eventually get most of your monies rebated. Like churning in reverse.
Of course, if will get to a point of diminishing return that you will never recover all of your money. 14 individual roll-overs would get 50% of your money back.
I wonder if anyone has tried it?
