I found an article that went nationwide in Wednesday’s News papers interesting.
The centrepiece of this article was data obtained from SuperRatings in tabular form that purports to show that if a super investor invested $10,000 into superannuation on 1 July 2002 and switched on 1 July of every financial year into the best performing asset class of that year, they would have amassed a total investment of $37,000-odd by the end of June 2012.
(Source: The Advertiser)
The survey appears to ignore the impact of tax, transactional costs such as entry fees, switching fees, buy/sell spreads and contributions tax as well as earnings tax. However, the end result is impressive.
