Super for Lazy People - how to grow it if you don't want to SMSF

Discussion in 'Superannuation, SMSF & Personal Insurance' started by sash, 7th Jan, 2018.

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  1. oracle

    oracle Well-Known Member

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    AustralianSuper and Hostplus are in news due to the banking royal commission.

    Full article here

    Cheers,
    Oracle.
     
    oracle, 12th Jul, 2018
    #321
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  2. MTR

    MTR Well-Known Member

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    Can I rattle the cage..... stop being lazy:p....
     
    MTR, 20th Jul, 2018
    #322
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  3. JohnPropChat

    JohnPropChat Well-Known Member

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    Aren't we all here to be rich so we can afford to be lazy :p
     
    JohnPropChat, 20th Jul, 2018
    #323
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  4. sash

    sash Well-Known Member

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    A quick update....since i moved my Super to Host plus - via ETF (IOO, VAS, VGS) and Indexed Balance my super has grown about 25k since January.

    It does pay to be lazy..my target is to get it to 1.2m by 60....currently sitting on 500k odd...across 2 accounts (Host plus and AMP work fund but transferring regularly from work fund to Host plus).

    A lot of people stick to one game - i.e. property but that could burn them. I see people invest most of their money into Sydney/Melbourne or one market in the USA...that is not smart. Diversification is a must. I have seem people lose a lot by not diversifying.
     
    sash, 29th Jul, 2018
    #324
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  5. MTR

    MTR Well-Known Member

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    Bump
    Is it time to review this??
     
    MTR, 14th Apr, 2021
    #325
  6. rizzle

    rizzle Well-Known Member

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    Nope - personally still waiting on Vanguard superannuation product before settling on a final solution.
     
    rizzle, 14th Apr, 2021
    #326
  7. ChrisP73

    ChrisP73 Well-Known Member

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    I don't think much has changed that requires further discussion.
     
    ChrisP73, 14th Apr, 2021
    #327
  8. mkbonline

    mkbonline Well-Known Member

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    mkbonline, 17th Apr, 2021
    #328
  9. MTR

    MTR Well-Known Member

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    I closed my SMSF too many restrictions and headaches
     
    MTR, 17th Apr, 2021
    #329
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  10. MTR

    MTR Well-Known Member

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    MTR, 17th Apr, 2021
    #330
  11. Scott No Mates

    Scott No Mates Well-Known Member

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    On a beach in Majorca :cool:
     
    Scott No Mates, 18th Apr, 2021
    #331
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  12. Redwing

    Redwing Well-Known Member

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    Board and administrator appointed..

    [​IMG]
     
    Redwing, 18th Apr, 2021
    #332
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  13. Luca

    Luca Well-Known Member

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    Is it going to be just one product or a few different ones depending on risk levels?
     
    Luca, 18th Apr, 2021
    #333
  14. mickyyyy

    mickyyyy Well-Known Member

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    He is alive and well, retired and still transacting. He says hello from a beach in WA :)
     
    mickyyyy, 19th Apr, 2021
    #334
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  15. MTR

    MTR Well-Known Member

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    Cottesloe I hope, best beach:)
     
    MTR, 19th Apr, 2021
    #335
  16. MTR

    MTR Well-Known Member

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    @sash update if you care to share
     
    MTR, 7th Oct, 2021
    #336
  17. sash

    sash Well-Known Member

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    What do ya need to know?

    I pulled my super out early 2020...missed the 30% drop...and then put it back in July 2020...it has now grown about 35% since then.....:D

    I am now just a grumpy pensioner..pottering around causing mischief..;)
     
    sash, 7th Oct, 2021
    #337
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  18. MTR

    MTR Well-Known Member

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    Performance of course
     
    MTR, 7th Oct, 2021
    #338
  19. sash

    sash Well-Known Member

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    Well I think it is good result....it was just a balanced fund...but I don't mind. My target is to get to the 1.7m cap...I will make 110k deposits from 2023 onwards...but also will put in 27.5k tax deductible amount. I am watching it carefully as at some point it will take a hit this cycle (sharemarket).

    Also ...have a ETF portfolio on the side...also.
     
    sash, 7th Oct, 2021
    #339
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