Industry super fund bandits

Discussion in 'Superannuation' started by nonrecourse, Mar 11, 2012.

  1. nonrecourse

    nonrecourse Well-Known Member

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    Don't you just love seeing those multi-million dollar feel good advertisements spruking industry super on TV every night.Too bad your personal super account after fees and taxes went backwards.Maybe you could ask the trustees to refund their directors fees:rolleyes:

    Kind Regards
    non recourse
     
  2. goldpelican

    goldpelican Administrator Staff Member

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    Yep... Prime time advertising - paid for with your contributions.
     
  3. Nugget

    Nugget Well-Known Member Silver Stacker

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    That "From little things Big things Grow" song seriously annoys me.



    But yeah, the best advertisement would be to show positive returns when everyone else was haemorrhaging members life savings.......




    HESTA delivered a positive return during the dot.con crash......
     
  4. renovator

    renovator Well-Known Member

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    It should be mandatory for super funds to disclose their previous 5 years results on their application forms.
     
  5. Nugget

    Nugget Well-Known Member Silver Stacker

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    I note that since the GFC the number of updates from my super funds has dropped dramatically
     
  6. Black_Sun

    Black_Sun New Member

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    Ha ha...
     
  7. Black_Sun

    Black_Sun New Member

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    Maybe they should do a Humpty Dumpty routine to advertise super?

    No... on second thought, that's probably a bad idea :(
     
  8. Byron

    Byron Guest

    Unfortunately 80% of mine and my wife's super contributions for the last financial year, were lost by the industry fund we are in :-(

    Not enough to start up a SMSF though.
     
  9. nonrecourse

    nonrecourse Well-Known Member

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    If 80% was lost why on earth would you continue? I'd rather lose the money managing myself than give those blood suckers one shekel.

    Kind Regards
    non recourse
     
  10. boston

    boston Well-Known Member Silver Stacker

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    Got $10,000 in super? It's worth starting up a SMSF!
     
  11. Dirtbikepilot

    Dirtbikepilot Active Member

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    Why would you give them the opportunity to loose the 20% you have left?
     
  12. JulieW

    JulieW Well-Known Member Silver Stacker

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    You don't have to travel far for irony these days. What coked up advertising idiot thought to use that song.
    Would be a good argument for starting your own SMSF if they played the whole thing

     
  13. Guest

    Guest Guest

    I thought the song used had a pretty heavy sexual undertone myself.

    From little things, big things grow is the name of a pron0 movie out there somewhere, I'm sure of it.
     
  14. fishball

    fishball New Member Silver Stacker

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  15. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    "From little things Big things Grow". Yes. Corporate profits.
     
  16. possum

    possum Member Silver Stacker

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    Funny i said to myself last night, why don't they use some of the money they are using for the commercial to grow peoples money instead of losing it?

    my current (work) super has not made any money, but it is money the employer puts in so i don't really care too much, it is only 1 1/2 years old.

    Have not checked my rolled over super but will be pissed off if it has not grown.

    Possum
     
  17. Spode

    Spode Member

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    Funniest thing ever was last years Riverfire. Sunsuper, which is technically an industry fund, but does not participate in the marketing group that does the from little things adverts (they only represent those industry funds that pay to join), and competes with them, sponsored Riverfire.

    And what was the very first song played? From little things ....you almost heard someone ripping the CD out as the song cut half way through.

    I wonder how much that sponsorship cost? And did it help someone retire early?
     
  18. ShinyStuff

    ShinyStuff New Member

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    Mate! Start your own... you only need $1 to start.

    It is a joke that you need squillions.... do it all yourself... yeah there are some start up fees, okay... maybe I should say you need $500 to start....

    DO IT!
     
  19. ShinyStuff

    ShinyStuff New Member

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    :mad:

    IT IS YOUR MONEY...... and you say you don't care???

    Oh dear... :rolleyes:
     
  20. Spode

    Spode Member

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    That money is part of your salary, it's yours. It's seen as part of your package, but more importantly it's yours to live on.

    It's not given to you free.

    I think the problem in the whole country is that people don't realise it's theirs. If I picked up your wallet, saw $100 in it, and helped myself to $9, you would probably punch me.

    By not caring about that super you are letting someone take money out of your wallet. It's going to maybe feel like real money when you retire, but it's real money now!

    To get control of bandits, don't take the money off automatically. Make everyone put money into an account for super manually, and they will see how it goes and pay attention when it's wasted.
     

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