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!
There are three types of people:
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.
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.
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