Results 1 to 7 of 7

Thread: superannuation

  1. 8th August 2013, 07:06 PM #1
    Roverlord off road spares
    Roverlord off road spares is offline AT REST
    Major part of the heart and soul of AULRO.com
     Vendor

    Subscriber
    Join Date
    Jul 2012
    Location
    Tecoma Vic
    Posts
    9,642
    Total Downloaded
    0

    superannuation

    We had our annual meeting with our finacial adviser on Tuesday and was happy for see our super amount had earned a good return. 17.19%
    Considering how a few years ago peoples super dropped in value due to negative returns.
    We are with MLC via Nab Bank.
    He advised me that we can protect our super account capital value so if my protected capital value increases due to positive investment performance then the protected capital investment increases and is locked in at the higher amount.
    The protected capital moves with the investment performance.
    Each year on investment anniversary if the account balance is higher than the protected capital value due to investment performance then the protected capital value will increase and be locked in at the higher amount.

    If the protected account balance has decreased due to negative investment performance then the protected capital value stays the same and doesn't drop.
    Naturally there is a cost for this. A percentage each year on the capital value
    But I would hate to retire and find like some people in the last few years didn't have enough money to retire properly.
    Cheers, Mario

    Reply With Quote Reply With Quote
  2. 8th August 2013, 07:17 PM #2
    Mick_Marsh's Avatar
    Mick_Marsh
    Mick_Marsh is offline Swaggie
    Join Date
    Nov 2009
    Location
    Western Victoria
    Posts
    14,101
    Total Downloaded
    0
    I also am with MLC.
    Wish my account had achieved 17.19%.
    Reply With Quote Reply With Quote
  3. 8th August 2013, 07:24 PM #3
    ian4002000
    ian4002000 is offline Master Supporter
    Join Date
    May 2013
    Location
    Bittern Vic
    Posts
    516
    Total Downloaded
    0
    I would check all figures very carefully. Was the 17 % after costs or before ?
    I have seen these protected capital schemes but as I remember they where very expensive ie high fees and you got very little of the increase if any.
    If you want a higher balance when you retire you have to be active and interested in your super and learn as much as you can.

    Ian
    Reply With Quote Reply With Quote
  4. 8th August 2013, 07:33 PM #4
    bob10's Avatar
    bob10
    bob10 is offline CTRL + V! Subscriber
    Join Date
    May 2010
    Location
    brighton, brisbane
    Posts
    33,853
    Total Downloaded
    0
    Be very careful, big gains can also mean big losses. Obviously they invest in high risk investments , and you must always ask what are their fees. Much better to go medium risk , for the long term, I speak from someone who lost nothing during the "2008 downturn", and has lost nothing since. If it sounds too good to be true, it is Bob
    I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food

    A bookshop is one of the only pieces of evidence we have that people are still thinking
    Reply With Quote Reply With Quote
  5. 8th August 2013, 07:42 PM #5
    bob10's Avatar
    bob10
    bob10 is offline CTRL + V! Subscriber
    Join Date
    May 2010
    Location
    brighton, brisbane
    Posts
    33,853
    Total Downloaded
    0
    Have to say, since when did we start touting on this forum, Bob

    touting - definition of touting by the Free Online Dictionary ...

    Dictionary, Encyclopedia and Thesaurus - The Free Dictionarytouting‎
    • Cached
    • [ame][URL="http://www.google.com.au/search?biw=1024&bih=643&q=related:www.thefreedicti onary.com/touting+touting&tbo=1&sa=X&ei=_HUDUufSMouflQWS3ID4 BQ&sqi=2&ved=0CD0QHzAC"]Similar[/ame]




    To solicit customers, votes, or patronage, especially in a brazen way. 2. To obtain and deal in information on racehorses. v.tr. 1. To solicit or importune: street ...
    I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food

    A bookshop is one of the only pieces of evidence we have that people are still thinking
    Reply With Quote Reply With Quote
  6. 8th August 2013, 07:44 PM #6
    Roverlord off road spares
    Roverlord off road spares is offline AT REST
    Major part of the heart and soul of AULRO.com
     Vendor

    Subscriber
    Join Date
    Jul 2012
    Location
    Tecoma Vic
    Posts
    9,642
    Total Downloaded
    0
    We have a balance portfolio, so ours is spread widely, we haven't taken high risk and aggressive investments, as they have greater risks
    just worked it out after fees 17.15% return.
    My advisor is an ex bank manager, The current bank manager recommended him to me as he uses him as well. He even got us a good interest rate on cash within the banking system, which is way about the pittance the banks are paying.
    Of course all this advise comes at a price. He contacts us regulary and callus in to meet if the thinks one investment is under performing what it should, he makes money if we make money.
    The previous super I had with AMP, you only heard from the advisor if you were luck every couple of years, and the performance was not the best.

    Reply With Quote Reply With Quote
  7. 9th August 2013, 09:02 PM #7
    discotwinturbo's Avatar
    discotwinturbo
    discotwinturbo is offline Wizard
    Join Date
    May 2011
    Location
    Orange Grove WA
    Posts
    1,274
    Total Downloaded
    0
    Roverlord,

    Good that you show an interest in your super, other than just looking at the statements once a year and putting them in your drawer.

    The greater the involvement the better the return.

    Came across plenty of people that lost out through the GFC who had no input to their super ....

    93% of the population basically ignore their super and blame others for the poor return.

    It's your money, and if you show interest, your returns will improve.

    Your return is indicative of the market over the past 18 months with a moderate risk profile.

    You get what you pay for.

    Brett.....
    Reply With Quote Reply With Quote
« never let it be said that Aussies take themselves too seriously, cricket sledge | we need a bit of a larf.. »

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules

Search AULRO.com ONLY!
 Search All the Web!