Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (14308)	2/1/2002 7:56:02 PM
From: Moominoid	Read Replies (1) \| Respond to of 74559

Makes more sense than SS in stocks IMO But that is where a lot of superannuation money is... a lot in balanced type funds too. Mine is in a leveraged Australian share fund and an international value share fund :) The age pension is so low (same as unemployment pay) UK has similar rates, that there should be a very strong incentive to invest superannuation wisely and make additional investments. Of course not everyone is so rational, and many have no choice where their super money is invested (the Liberal government is trying to fix that though Labor and Democrats like no choice :)). If I work at a university then my money is stuck in the SSAU fund (24% of my nominal pay a year which is way above the 8% mandated by government and was negotiated by the dumb union even for those who don't work for the union) though you get a choice whether to go with defined benefit or defined contribution. Now I don't work for them I have moved my money to super funds which I like. But it has to stay in the system till I'm 60 - if I was born before 1960 it would be just 55. David