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Same sad stories
Like most peoples, my super lost more then a hundred grands in the 2008 GFC and the fund manager shamelessly keep deducting their fee, comes rain or shine, with no apology!The government should legislate to make the fee payable, as a proportion of the profit or growth and not as a percentage of your fund amount.No wonder the fund managers and the banks are laughing all the way.....
Come to think of it, I could have filled every room in my house with the latest, respectable branded telescopes.
And you get tormented every night on the telly by advertisement like how the fund managers are BUILDING YOUR WEALTH THROUGH YOUR SUPER!
Perhaps, the Office of Fair Trading should look into these shameless adverts that are no where near the truth.
Wealth Destruction is certainly the order of the day when you invest more in your super.
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