Showing posts with label risk. Show all posts
Showing posts with label risk. Show all posts

Thursday, 12 July 2012

Top ten things to consider when picking a super fund

I realise that whilst I started this blog a little while back, I haven't posted anything yet.  And while this is not necessarily something that I designed this blog for, this post is probably appropriate here.  Me, I'm still trying to work out why this blog, which works fine in Chrome and Firefox seems to hate Internet Explorer.

I've been asked a couple of times in the last couple of weeks about what to look for in a superannuation fund.  I haven't been able to recommend anything for quite some time, but I still keep getting asked this question.  Note that when I say, 'I haven't been able to recommend anything for quite some time,' I mean that like most people, I am not legally able to recommend anything, not that there isn't anything to recommend.

Strangely, a lot of punters think that it's all about investment returns.  A surprisingly large number of alleged professionals in the industry actually think the same thing.  It's not, and going into the process of selecting a fund with this as your prime incentive is going to cause heartache.
So this is the latest rendition of my top ten things to look for in a new super fund.  Do bear in mind that it's no substitute for proper advice.