30th July 2010. Annual returns on managed super funds for the last 10 years have just come in at a little over 4%, or a tad over inflation. If you had just put your super in commonwealth bonds you would have been a couple of percent better off. Financial advisors and fund managers of course are faring OK
‘the only difference is between those who know they don’t know and those who don’t know they don’t know’
17th July 2010. This comment echoes one of two years ago. I guess we now have a new crop of the naive,stupid, or just plain greedy . As the Global Financial Crisis shakes out the shonks, crooks and smarties into the courts, most of whom who have taken off for fields afar with investors money, it behoves us all to realize that compulsory super has simply managed to corral the sheep together, so that the financial wolves dont have to run as far, and that anyone giving a third party control over their money had best be very cautious.
‘Just because he wears a suit doesn’t mean he’s a professional’
5th July 2010. Our recently politically assassinated Prime Minister was a decent and honourable man who was a bit harsh at times. Gave us the best economy after the global crash, tried to make long overdue structural changes too hard for procrastinating predecessors. Wow! Call out the guard! Man the barricades!, getting us into unwinnable wars, making the wealthy even wealthier, were not his doing. No. Lots of people didn’t “like” him.
......... BRUTE
