Quote:
|
There's no point complaining about financial returns if you haven't taken the time to study how things work.
|
Agreed, but if i choose cash only options, why does a super fund pay far less than if i just went and got my own bank bill?????
( Hint, you have to pay their management fees and bonuses, which probably get ammortised across all the members, irrespective of the workload to manage their form of investment )
Another benefit of doing yr own bank bill is several of the larger banks will remove fees on all yr other accounts if you have a set amount invested with them. Being in a super fund removes that negotiation tool from the owner of the cash.
Its all skewed to have a guaranteed way to remove money from the investors.
Andrew