Camori Investments Super Annuation Fund..are they any good ?

Discussion in 'Other Asset Classes' started by Kuna_Learner, 11th Aug, 2016.

Join Australia's most dynamic and respected property investment community
  1. Kuna_Learner

    Kuna_Learner Member

    Joined:
    1st Feb, 2016
    Posts:
    17
    Location:
    Perth
    Hi ,

    I was last week called by Camori Investments to look into switching to their super annuation funds. They invest in Hub24 super funds and said they return close to 15 % return. My current super fund is pretty low sitting around 4-5 % after fees. So I have been trying to see if I can get a better return for the majority part of my 50k sitting on my super funds. Have you dealt with Camori Investments ? Can you please share your experience? Thanks
     
  2. Marg4000

    Marg4000 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,325
    Location:
    Qld
    Why dId they call you?

    Had you contacted them first?

    If not, then I would be extremely suspicious. There are plenty of industry and low fee funds around who have long and sund reputations.

    A return if 15% in the present economic conditions is extremely unlikely to be sustainable, and would only be possible with a high risk strategy - or they just made a few lucky investments.

    Just remember - if it sounds to good to be true then run!
    Marg
     
    Kuna_Learner, HUGH72 and Excalibur1 like this.
  3. Traders International

    Traders International New Member

    Joined:
    10th Sep, 2016
    Posts:
    2
    Location:
    NSW
    They are not a superfund, they are phone sales team, selling superannuation products.
     
  4. BingoMaster

    BingoMaster Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    404
    Location:
    Germany
    Run
     
  5. cammot

    cammot New Member

    Joined:
    16th Oct, 2017
    Posts:
    1
    Location:
    gold coast
    unfortunately I received one of these calls about 12 months ago..
    similar story and they got me in a moment of weakness, promised all sorts of returns and special treatment..
    long story short.. I rolled my $500k super into Camori investments and thier recommendations..
    lost almost 30K in fees....
    and now have $440k earning 1.5% after fees
    run as far as you can... they are not interested in your super.. ONLY their fees.
    try calling or email, and get the same lame reply.. it is a long term investment
     
    The Y-man and Marg4000 like this.
  6. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    9,380
    Location:
    Sydney or NSW or Australia
    Check out your options on superratings and find a reliable fund there - possibly a low fee industry fund.
     
  7. SatayKing

    SatayKing Well-Known Member

    Joined:
    20th Sep, 2017
    Posts:
    299
    Location:
    Australia
    Sorry to read that @cammot. Hope you get the remaining funds out with a more appropriate manager.

    It irks me no end when people are ripped off by these vultures. Yes, you made the decision, blah, blah but at the end of the day, it is the individual/family who bear the consequences.

    The name strikes a bell too. I think that mob was raided by the AFP and ASIC.

    NEVER respond to a cold call, email is my motto and I've had a few like many here. Even snail mail when dudes accessed, quite legally, the details of my super fund and sent me their delightful prospectus.
     
  8. Fargo

    Fargo Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    318
    Location:
    Vic
    It is very possible, in the recent conditions 15% is very mediocre, and a minimum I would aim for. I have done way better than that. Even had more than that in the last few weeks.
     
  9. logan12302

    logan12302 New Member

    Joined:
    21st Oct, 2017
    Posts:
    1
    Location:
    sydney
    Hey Cammot
    Camori Superannuation, Olive Financial, Recarmo and Paradise all got raided by ASIC and AFP.
    YOU STAND A GOOD CHANCE OF GETTING ALL YOUR MONEY BACK + INTEREST. HIT THEM UP FOR IT AND GO TO ASIC AND LODGE A COMPLAINT.
    No Cookies | Gold Coast Bulletin