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The Superannuation Ship is sinking....

Written on the 26 August 2011 by James Cagney

If you are not in control of your Super Fund - your ship is going down!

I wonder how hard working Australians are feeling right now as they see the value of their Superannuation slide into a watery grave. The problem is the we rely on fund managers, stock brokers and financial planners to manage our wealth for us. We do this because we feel we do not have the knowledge, experience nor the time to do it ourselves. Of course the Australian Government abdicated responsibility to look after these hard working people in their retirement by creating the misnomer that it is employers who should pay for their retirement through the Superannuation scheme. This is criminal seeing we pay huge taxes year after year to the government to provide a live able pension and services for us in our old age anyway. Well who expects any elected government to tell the truth? Certainly not past Australian government are trustworthy. Take John Howard for instance who said "There will be no GST whilst I am Prime Minister" - and then proceeded to introduce the GST. Not to mention the Julia Gillard legacy she leaves behind "There will be no carbon tax whilst I am Prime Minister". Are you going to trust your future in the hands of our politicians?

The fundamental problem is Super Funds are like huge ocean liners that take a long time to change direction. The "Captain" of the ship (Fund managers) have to cope with the current turbulent seas (global markets) and strong winds (so called "expert" opinions) that are changing direction by the minute. In contrast, the individual investors and speculators are in little inflatable life boats in these same seas that whiz around the ocean and are able to change direction quickly, easily and with greater frequency. By the time these Captains of these large liners get these cumbersome vessels to change course - it's far too late and the ship is going down!

One big difference to this analogy is that these Captains in these large liners today do not go down with their ship . No longer are they responsible, (it's the market not them) they jump ship and get to sink another large vessel by repeating their previous mistakes and careless actions over and over again. These days it's only the crew (investors) that go down with the ship and not the Captain nor his chosen few "Officers" (the colleagues and mates they take with them). So investors lose their hard earned money and the executives (fat cats) of these Superannuation and Managed Funds get paid handsomely - even when the ship goes down. Investors are destined to be stranded in the open seas in flimsy life jackets or worse still - end up in a watery graves if we continue to hand our futures over to these self-serving Captains of our ship with no accountability when they lose our money - how is that fair?

If you have the opportunity to form a 'Self Managed Super Fund' and be the Captain of your own ship we urge you to do so. If you can draw out all or part of your Super from an existing fund/s and put that money into a stable investment -  do it quickly before the ship sinks. This investment will be your anchor in otherwise unpredictable marketplace that we all now face. Are ready to climb aboard, take the helm and really control your destiny rather than merely existing on a pittance whilst trying to make ends meet for the rest of your life? Click >>>> here  to change your ship's course. We will help you to secure safe investments that provide steady passive income, indexed to inflation - that will allow you to enjoy life now and in the future.

There are three types of people:

  •     Those who make things happen
  •     Those who watch things happen
  •     Those who wondered what happened

Which one are you?

Understandably, there will be fees and charges as you embark on this new journey to be able to reach your final destination and in setting up your own Self Managed Super Fund (SMSF). You will therefore need to speak to a licensed professional before making a final decision with regards to this because they know how to do this. Before you use the excuse that you need to talk to your accountant please bear in mind they might not be able to answer all the questions you should be asking about this course of action. The reason for that is because many accountants today are nothing more than glorified bookkeepers, who exist to file your tax return and who very rarely have your best interests at heart - let alone have your future retirement interests at heart. Many of them do not want to give you financial advice because they are not licensed to do so, nor do not want to be liable if they give you the wrong advice.

We can introduce you to reputable licensed professionals who specialize in these Self Managed Super Funds. Just click >>>>here to send us your contact details and nominate a convenient time for them to contact you. Lyndon B. Johnson said that "Yesterday is not ours to recover, but tomorrow is ours to win or to lose". The decision you make today to contact us will determine whether you will be Captain of your own ship to steer a course to prosperity in the future. Alternatively, leave the job  to others to do and be sure to pack your life-jackets in preparation for the inevitable sinking ship.

If you are interested in making your hard earned money work for you instead of letting it dwindle away in the stock market click on Investment Property>>> here. Don't be fooled you are in the share market - if you have Super you have shares because most Super funds are invested in the share market. Share spruikers will tell you that the share market is long term so hold on it will come back. They are sooo right - you have been putting money into Super since 1992 and the share market is back to 2004 levels - how much long term do you want to be in a declining market. Imagine what it must be like for those unfortunate people that are retiring right now, who do not have enough money to live because their Super is down 30% to 40%. Don't let that happen to you. Property has proven to be the safest investment over the past 110 years in Australia. Don't let somebody entice you to invest to make the quick buck. Property is not a get rich scheme it is a "get rich slow" scheme. Unlike those retiring today you still have a choice - take action today and click>>> here to contact us.

For more information contact James at www.jamescagney.com.au  OR just click on the Finance Tab at the top of this article.

This is not financial advice. You should not act solely on the basis of the material contained in this Property Update for your investment strategies. Changes in government and legislation occur frequently and without prior notice and financial markets are unpredictable.
Please note that the information herein is of a general nature only and is not intended as specific advice for any particular person or entity.

This information was written and compiled by James Cagney.  The opinions expressed herein do not necessarily represent the views and opinions of his associates including Asset Financial Services Pty Ltd.

Author: James Cagney
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