How To Lessen A Chance of Being Ripped Off
There ARE NO MAGIC BEANS
PLEASE DO NOT GIVE YOUR SUPERANNUATION COW TO SOMEONE FOR A HANDFUL OF BEANS!
ALL superannuation funds have available to them the same conventional tried and true investments.
IF anybody is claiming to be able to BEAT the returns of another superannuation fund PLEASE PROCEED WITH EXTREME CAUTION.
Better yardsticks might be "Service and Care Level" or "Depth of Offering."
A Self Managed Superannuation Fund (SMSF) Tends To Be For a Specific Need
Business Real Property for a Business Owner is a great example.
The rest of us are likely to get a dependable return from a retail superannuation fund over time - using PATIENCE and avoiding GREED.
If someone is talking me into it, then it is likely helpful I back-peddle furiously.
Have I the EXPERTISE to run a Self-Managed Fund? Have I enough money? What EXACTLY am I investing in and HOW LIKELY is it going to make a return that suits me? I have had ENDLESS examples of self-managed super fund assets being worth LESS after 5 years, and costing MORE over that time.
I am heart broken that people have been hurt.
There are a lot of failures here. A person seemingly having no integrity or ethics. An apparent failure to adequately regulate or supervise. A failure to have protections in place. PLEASE look after your money and seek help from a registered professional.