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using superannuation to trade or invest

  1. invincible

    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.


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