Close it down and pay all penalities. Whilst it may sound glib, I can't help but think that you will be financially better off than if you keep it. Time will tell.
Ok enough nonsense - boston right - close it down and open a SMSF (Self Managed Super Fund) - Google 'esuper' and check the forum for some details on them... With a SMSF, you can pretty much invest in anything you want inc PM's... Ok back to the nonsense - just buy PM's? depending when retirement is whats a safer risk to reward ratio?
Boston was saying he closed down his SMSF http://forums.silverstackers.com/message-125477.html#p125477
Hmmm I have made a few silly choices in life and a few good ones - SMSF is definitively one of those good ones...if you have no idea about trading/stocks/reading balance sheets/etc forget it...if you do or first learn before taking the plunge,you can make like a bandit...
Do you trust our esteemed government to not change the rules again? Let alone while the rest of the world is heading into a period of economic uncertainity, or is it different for us?
Of course not. However it's not like you can just wake up and decide you want to close down your super fund and take the money though, except if you permanently leave Australia... So I can't see how somebody would be better off without the super fund. Worst case it ends up worthless, best case it doesn't.
Is it even possible to do that if you're still working? Where do the SGC contributions go if you've got no super?
Miss Silver... Invest in alcohol and gambling industries as well as holding silver and gold... Even when times get really tough, these industries still prosper as they drink to forget their troubles for a day or gamble in the hope that all their financial troubles will be over.. Its terrible to make money from the weak but that is what weak people do, give money to the rich. Regards Errol43
Its already working even before real turmoil is onshore. Bought ASX:FGL (Fosters) in late May at $4.36 after demerger. Sold the day after SABMiller made an offer at $5.20. Looking to buy FGL again at sub-$4.00 level in the coming correction. Also looking for other brewery businesses that has high volume mass market appeal. Its not 'terrible' - its just how the free market works. Nobody makes these consumers behave this way - they make these choices of their own volition. You are simply investing to create a supply to meet an existing demand. For your vision you deserve a very reasonable return.
Of course you can close down your super / smsf fund. It just depends whether you are of retirement age or not I dont believe anyone here is talking about closing down a super fund and "loosing" all their super, its more about closing down the fund, paying the ATO their cut and keeping the rest for yourself to do as you please. (with no super regulations, audits, rules, etc) placed on the money.
Right now? Cash (Ubank SMSF account @ 6.31%) ETFs (SPDR S&P/ASX 200 Fund (STW) tracking the ASX 200 Accumulation Index) Gold Silver A select group of small-cap mining companies
