Ouch … and there goes your Super
By SmallStocks on Oct 10, 2008 in Superannuation
Yes, unfortnately it’s true. The day’s of fantastic superannuation are now long gone as a market that was once flying high erodes to pretty much nothing. If you were in a high growth superannuation fund which was leveraged in the equities markets – I feel for you. The equity markets are at the same levels they were almost 5 to 6 years ago, and unfornately this means that your super is not far behind. Those who are in funds which have diversified their risk across a large amount of investments ranging from property to safe and low return investments – are probably the ones doing best right now. But don’t think by any means that your retirement money is safe – far from it.
Not to say that all hope is lost. Just most of it. Put more money in bank, and dont purchase that new LCD. Your financial future will be better for it.
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