Genuine Plea for Help!
I don't have much super and haven't recovered from the big hits we took about 5 years ago. I'm at the wrong end of life to be playing dangerous according to the experts, but I've been putting it in high growth to help the recovery process and it's been working. However, for this last year in a moment of insecurity I moved it to conservative and according to my recent statement I've lost another $4k.
My super is 'parked' in an ex employees fund where they have A-E choices with A being the most conservative. They don't contribute to the super and neither do I. The super I've had from other jobs I've had since working for this company gets rolled into it when I lose/leave the job.
Last year I did a 5 month contract with a company that joined me in their super and they have about 60 choices! I want to roll my 'parked super' into this fund but don't know which option to choose. Conservative? High Growth? In what? Property? Shares? Here? There? Everywhere? Spread it over a few choices? I'm bamboozled!
The more I try to educate myself to help make a choice the more confused I'm getting. Inflation, Aussie Dollar rising, interest rates, Euro problems, etc. - I can't keep up with it all and make sense of it.
For those with a REAL opinion - would you mind helping me to decide.
Obviously the decision still comes down to me - I won't just take your advice willy nilly, but I'd be really interested to hear what everyone predicts for the future and where they think I should put my super and why.
TIA.
I don't have much super and haven't recovered from the big hits we took about 5 years ago. I'm at the wrong end of life to be playing dangerous according to the experts, but I've been putting it in high growth to help the recovery process and it's been working. However, for this last year in a moment of insecurity I moved it to conservative and according to my recent statement I've lost another $4k.
My super is 'parked' in an ex employees fund where they have A-E choices with A being the most conservative. They don't contribute to the super and neither do I. The super I've had from other jobs I've had since working for this company gets rolled into it when I lose/leave the job.
Last year I did a 5 month contract with a company that joined me in their super and they have about 60 choices! I want to roll my 'parked super' into this fund but don't know which option to choose. Conservative? High Growth? In what? Property? Shares? Here? There? Everywhere? Spread it over a few choices? I'm bamboozled!
The more I try to educate myself to help make a choice the more confused I'm getting. Inflation, Aussie Dollar rising, interest rates, Euro problems, etc. - I can't keep up with it all and make sense of it.
For those with a REAL opinion - would you mind helping me to decide.
Obviously the decision still comes down to me - I won't just take your advice willy nilly, but I'd be really interested to hear what everyone predicts for the future and where they think I should put my super and why.
TIA.