PMs... our love affair is nearly over! I have HAD it with you both!

Discussion in 'Superannuation' started by ShinyStuff, Apr 17, 2013.

  1. ShinyStuff

    ShinyStuff New Member

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    Just had a meeting with my DW re: our SMSF and did a quick analysis of our investments ....

    Current paper losses of 39 FRIGGIN PRECENT.

    Ok, so we have a long term investment, blah blah... it hurts. :mad:

    Shiny.
     
    ShinyStuff, Apr 17, 2013
    #1
  2. nonrecourse

    nonrecourse Well-Known Member

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    Nobody can look after your interests better than you. Chalk it up to your education fund. You don't need a DW you just need to D.I.Y

    Kind Regards
    non recourse
     
    nonrecourse, Apr 17, 2013
    #2
  3. valuecreator

    valuecreator Well-Known Member Silver Stacker

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    sell sell sell... to me :)
     
    valuecreator, Apr 17, 2013
    #3
  4. ShinyStuff

    ShinyStuff New Member

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    SOLD AT AU$50 per oz!

    Awesome!! I am back in the black with some profit too. You are a lifesaver
     
    ShinyStuff, Apr 18, 2013
    #4
  5. Fykus

    Fykus Member Silver Stacker

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    loss is only realised if you cash it in etc
     
    Fykus, Apr 18, 2013
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  6. Elemental

    Elemental Active Member Silver Stacker

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    In a super fund? I believe new legislation requires assets to be valued at fair value. This means you will have incurred a loss if at 30 June the 'fair value' is less than you paid for it. For a bullion bar or coin, fair value will be spot plus premium so yes, you will show losses in the fund.
     
    Elemental, Apr 18, 2013
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  7. XB

    XB Active Member Silver Stacker

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    Technically it's "Market Value" which is defined as:


    Reference: SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 10(1)
     
    XB, Apr 18, 2013
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  8. ShinyStuff

    ShinyStuff New Member

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    Yesh, loss is shown on audit, which is fine... But it is a blow to my ego...
     
    ShinyStuff, Apr 19, 2013
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  9. TheEnd

    TheEnd Well-Known Member

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    Give it a few weeks or months Shiny.....dont worry PMs will appreciate again no doubt.....Its just a waiting game thats all.....looooooong term investment.
     
    TheEnd, Apr 21, 2013
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  10. SilverSanchez

    SilverSanchez Active Member

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    [​IMG]
     
    SilverSanchez, Apr 21, 2013
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  11. boston

    boston Well-Known Member Silver Stacker

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    Denial is always a good attribute to have when it comes to PM's. :)
     
    boston, Apr 21, 2013
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  12. ShinyStuff

    ShinyStuff New Member

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    Remember that this is not to scale... I hope i am at the bottom of the dip, and not just one or two dot points down... Maybe i have seen the bottom with loss of 39% but maybe i have a lot more to lose!!! If only i sold when i had lost 10% and waited to re-enter.... But then i may have had to buy in at a higher price.. It is all crystal ball stuff.... What's for dinner??? Lets change the subject!!!

    Shiny
     
    ShinyStuff, Apr 21, 2013
    #12
  13. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Ma & Pa Kettle Math :lol:

    [youtube]http://www.youtube.com/watch?v=Bfq5kju627c[/youtube]
     
    Holdfast, Apr 21, 2013
    #13

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