Go Back  British Expats > Living & Moving Abroad > Australia
Reload this Page >

superannuation advice please

superannuation advice please

Old Jul 16th 2008, 6:28 am
  #1  
pink 'n' bouncy
Thread Starter
 
stuckinblighty's Avatar
 
Joined: Jul 2006
Location: Zombie nation
Posts: 6,087
stuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond repute
Default superannuation advice please

yawnnn yes i know pensions are a boring subject but can anyone recommend a decent fund ? medium-ish risk as i need to make up for lost time
Any advice greatly appreciated as i havent got a bloody clue

regards

Lee

ohhh forgot to mention the company use LUCRF....any opinions ???
stuckinblighty is offline  
Old Jul 16th 2008, 6:31 am
  #2  
BE Enthusiast
 
Joined: Jun 2003
Location: Melbourne, Victoria
Posts: 524
ossigeno has a brilliant futureossigeno has a brilliant futureossigeno has a brilliant futureossigeno has a brilliant futureossigeno has a brilliant futureossigeno has a brilliant future
Default Re: superannuation advice please

Originally Posted by stuckinblighty
yawnnn yes i know pensions are a boring subject but can anyone recommend a decent fund ? medium-ish risk as i need to make up for lost time
Any advice greatly appreciated as i havent got a bloody clue

regards

Lee

ohhh forgot to mention the company use LUCRF....any opinions ???
In the present market I would put into a cash fund. Have a look at the performance for the last 6-12 months of any share invested fund.
ossigeno is offline  
Old Jul 16th 2008, 6:37 am
  #3  
pink 'n' bouncy
Thread Starter
 
stuckinblighty's Avatar
 
Joined: Jul 2006
Location: Zombie nation
Posts: 6,087
stuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond reputestuckinblighty has a reputation beyond repute
Default Re: superannuation advice please

Originally Posted by ossigeno
In the present market I would put into a cash fund. Have a look at the performance for the last 6-12 months of any share invested fund.
any recommendations ?

I wont hold you responsible if it all goes belly up

Lee
stuckinblighty is offline  
Old Jul 17th 2008, 2:38 am
  #4  
Just Joined
 
Joined: Nov 2007
Location: Sydney
Posts: 15
Forest tim is an unknown quantity at this point
Default Re: superannuation advice please

The first thing i would suggest is that you get financial advice - there is a lot riding on the wrong decision, especially regarding where to invest (fund performance, fees, outlook) and the timing of your entry to the market. A 2 or 3 per cent difference per annum in growth can make a huge difference to the final pay out.

Timing is important - I have friend who invested last year in a fund and has seen 10-15% of its value removed.

On top of where and when to invest you also have to take into account the exchange rate (i presume you are transferring from the UK) and ask yourself would you be better deferrring the decision?

Some people will be looking at re-entering the market in the near future, based on the fact that it has fallen so far in the recent past. On the other hand, others think that some sectors (e.g. banking) could fall futher.

Therefore my suggestion is to get advice rather than DIY.
Forest tim is offline  
Old Jul 17th 2008, 5:24 am
  #5  
Lost in BE Cyberspace
 
quoll's Avatar
 
Joined: Sep 2007
Location: Canberra
Posts: 8,374
quoll has a reputation beyond reputequoll has a reputation beyond reputequoll has a reputation beyond reputequoll has a reputation beyond reputequoll has a reputation beyond reputequoll has a reputation beyond reputequoll has a reputation beyond reputequoll has a reputation beyond reputequoll has a reputation beyond reputequoll has a reputation beyond reputequoll has a reputation beyond repute
Default Re: superannuation advice please

Couldnt agree more - go to a good financial advisor. Obviously you will have to choose a fund of some description when you start work, if you havent already done so. Most of the funds have a range of products so you can take the riskier option if you know that you arent going to need to live off the money for aeons. This page is as good a place as any to start thinking strategically about your super and what questions you will need to ask of your financial advisor.
quoll is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.