Comment Re:Troubling signal, why? (Score 1) 471
As an aussie, my advice is to change to a different super fund with options, or, more likely, read your super funds documentation and realise you are full of shit (probably). My fund allows me to choose how my super is invested, I can go with their "managed" options, or direct into cash securities, bonds or various forms of shares. I can divide it up and put parts into different options if I so choose.
Last year I got ~9% return and the year before that a shade under 21%. 2009 was a shocker of course, with -15% but overall I'm well ahead. You have the option to change to a super fund that offers investment choice, so drop the crap and take charge of your own destiny, or play dumb and whine. your choice. At least your current way allows you to blame someone else if you make the wrong choices.
Self managed super is for rich people who can afford to have an accountant/ financial adviser on retainer (is that the right word?) You would be very dumb to really self-manage without the advice of someone who actually understands how to invest money.