using superannuation to trade or invest

  1. 21 Posts.
    Given the poor performance of most superfunds
    during the last financial year members should start
    considering managing their own super through
    a DIY fund.

    My fund resulted in an overall loss of 6% for the FY01/02 leading me to look into setting up a diy fund. I find the main problem with investing in a pooled/managedfund is that the fund manager/adviser will never advise you to sell part or all of your investment when this is appropriate - simply because their trailing commissions or admin fees will then fall. All they seem to advise is to just BUY BUY BUY this is clearly a conflict of interest with most fund managers and financial advisers to increase revenues.

    Anyway if your looking at setting up a diy fund, one
    site offering free setup is rolsolutions.com.au

    let me know your thoughts on this issue.

    invincible

 
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