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 :blink:
Any advice greatly appreciated as i havent got a bloody clue

regards

Lee

ohhh forgot to mention the company use LUCRF....any opinions ???

Re: superannuation advice please
 

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.:eek:

Re: superannuation advice please
 

any recommendations ?

I wont hold you responsible if it all goes belly up:p

Lee

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.

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.