Super Funds, Insurance and Hedges

[shifted]

Seeing there'd be some people in the know here, what Super Fund are you with? Good returns? Change funds yearly? 50/50 split between safe and high yield investing?

I'm with Rest, but to be honest I'm struggling to see their use. The advertised average yield is not what I'm seeing, I'm seeing 1% across most areas and 3% in the stable area. 3% given the market seems good but when looking at QSuper online for instance they're claiming even better performance.
Are you meant to be taxed on the super contributions paid by the employer? I assume you are.

The other side of the query is insurances. Recently had the motorbike written off and made me wonder if I have another bingle and end up worse off then it may be worth looking at getting some sort of life/injury/permanent disability insurance.
Do you go through your bank or your super fund? Do you need both?

Hedge funds/investment funds - Trident, Vanguard (recommend by Buffett) - anyone using anything to any great success?

I imagine there'd be accountants/brokers/somebody in the know where this is their line of work, may be even someone who frequents this forum. Happy to pay to see some professional in the area but wanted to do some background research first.

[Sensible]

Speak to Racegts on here,

I use him for all my super/insurance needs and has been very helpful sorting it all out

[djr81]

IMHO super is a dogs breakfast. Any answer is contingent on so many things - age, income, debt, when you want to retire & with how much as to make most questions hard to answer. This is true for advisers as well. If you find one DO NOT PAY THEM A TRAILING COMMISSION FOR ANYTHING or for that matter allow your investment to pay them one.

If you want an opinion.
Most funds invest in most of the same things. Any fund with shares will have much of their money in the top 20 or so ASX stocks. So the difference is not as marked as you may think. Step 1 is find a fund with low fees. Then figure out how long you will have your money there as this influences how aggressive you can be with the investments. If, for example, you are 20 years old there is no point having conservative investments. The older you get (and the less you can afford a bad year) the more conservative you become. The more money you have the more risk you can sustain. But the low fees thing is always there. The big advantage super has is its tax concessions so make sure you understand and use them.

https://www.australiansuper.com/superannuation/how-super-works/how-your-super-is-taxed.aspx

Tax has changed for next year. It is 15% on contributions up to (I think) $25k. Then it goes up to, broadly, match your marginal rate (I think). If you are on entry level Antilag baller spec income of $300k plus and more then tax is more like 30%. But the income the super scheme earns is taxed differently again and far different to your normal income tax.

Most funds do insurance aswell. Don't know fk all about that.

Investment funds are also a dogs breakfast. If you have chucked as much money at super as you are comfortable with (Do that first the tax concession is better) have a look at exchange traded funds and/or listed investment companies. Much cheaper and better for tax than the investment funds the banks put out. That will get you diversification for minimal yearly fees (Usually <1.0% of the value) if that is what you are chasing. You can find lists of the lic's in Australia and see how good they have been doing and what they invest in.

Other than that invest in what you know.

https://www.bwts.com.au/download/articles/Listed%20Investment%20Companies%20and%20ETFs.pdf

http://www.investors.asn.au/education/shares/listed-investment-companies-lics/

http://www.morningstar.com.au/LICs

http://www.morningstar.com.au/ETFs

[magic1]

Speak to Racegts on here

[Volatile Rob]

RZA @ Wu Tang Financial

[mARC]

Stay the fuck away from your bank when it comes to investment advice and associated, you're going to get stung harder than the interest on your savings.

[racegtst]

Seeing there'd be some people in the know here, what Super Fund are you with? Good returns? Change funds yearly? 50/50 split between safe and high yield investing?

I'm with Rest, but to be honest I'm struggling to see their use. The advertised average yield is not what I'm seeing, I'm seeing 1% across most areas and 3% in the stable area. 3% given the market seems good but when looking at QSuper online for instance they're claiming even better performance.
Are you meant to be taxed on the super contributions paid by the employer? I assume you are.

The other side of the query is insurances. Recently had the motorbike written off and made me wonder if I have another bingle and end up worse off then it may be worth looking at getting some sort of life/injury/permanent disability insurance.
Do you go through your bank or your super fund? Do you need both?

Hedge funds/investment funds - Trident, Vanguard (recommend by Buffett) - anyone using anything to any great success?

I imagine there'd be accountants/brokers/somebody in the know where this is their line of work, may be even someone who frequents this forum. Happy to pay to see some professional in the area but wanted to do some background research first.


I am happy have a chat to you about your needs and objectives. I will PM you my number.

There are big differences between funds, performance and insurance. These things can be tailored to your needs and comfort levels as opposed to taking financial advice from a car forum!

Licensed Financial Advisers have been unable to receive trailing commissions for several years now so djr81 suggestion is out dated. I do charge fees but like the everyone else I need to get paid for my advice and work.

[shifted]

racegtst - can you set up family trust?

ie. if I want to set up a family trust - my name only. want to transfer the car and collection into it to protect it.

any guidance/who to speak to in regard to this?

[masTers]

It doesn't make a lot of sense to move your car and collection inside a trust, I have sent you a PM in regards to this however.

[DRKWRX]

speak to an accountant that knows what they're talking about with investing.

[S13]

speak to an accountant that knows what they're talking about with investing.

2 completely different things accounting and investing... they arent even allowed to give investment advice by law unless they carry an extra license now and even then its general in nature and is more about what asset classes to go for not specific investments

[DRKWRX]

yes, was pretty much saying ask an accountant that has more knowledge rather than a car forum haha wouldn't expect an accountant to give investment advice but tax advice regarding investing, don't see that point opening up a family trust over a car but I am not an accountant.

[mARC]

ie. if I want to set up a family trust - my name only. want to transfer the car and collection into it to protect it.

T'iz always good to get your rationale out when talking structures.

[racegtst]

racegtst - can you set up family trust?

ie. if I want to set up a family trust - my name only. want to transfer the car and collection into it to protect it.

any guidance/who to speak to in regard to this?


Sorry, I have not been on for a few weeks, FY year end stuff.

I can set up a trust but would not offer any advice as you would be best to speak to an accountant about the merits of transferring those sorts of assets into a trust and the reasons for wanting to do so.

[R3N]

It doesn't make a lot of sense to move your car and collection inside a trust, I have sent you a PM in regards to this however.

What if he wants to redistribute income to his car? Cars are considered family here!

[mARC]

What if he wants to redistribute income to his car? Cars are considered family here!

Give this man a job at EY Consultancy!