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    Australian Superannuation report.

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    Last updated: April 20, 2015





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    Superannuation accounts enjoy best quarterly returns in three years


    • Sophie Elsworth Personal finance writer
    • Herald Sun
    • April 19, 2015 7:30PM

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    Australians should be pleased with the best returns to their superannuation savings for any quarter in three years. Picture: Supplied.



    AUSTRALIANS’ superannuation savings have had their fattest quarterly returns in three years.

    The bumper March quarter saw median balanced funds (60 to 76 per cent invested in growth assets) chalk up returns of 5.7 per cent — the best quarterly increase since March 2012 when funds climbed by 5.8 per cent.
    The strong returns are fuelled largely by the climbs to the domestic and international sharemarkets.
    A falling Australian dollar also helped increase the returns on international equities.
    And the strong results are pushing superannuation returns towards their third consecutive year of
    double digit growth for the first time since the global financial crisis.
    Super funds grew by 15.6 per cent in the 2012/13 financial year and 12.7 per cent in 2013/14.
    The figures released by superannuation research firm SuperRatings show super funds grew by 1.9 per cent in January, 3 per cent in February and 0.6 per cent in March, which rounded returns up to 5.7 per cent.
    The benchmark ASX200 index increased by 10.3 per cent in the March quarter to help bolster returns.
    SuperRatings chairman Jeff Bresnahan said Australians should be thrilled with the returns but cautioned that the strong run of good results would eventually had to come to a halt.


    Strong results won’t last forever ... SuperRatings’ chief executive Jeff Bresnahan. Picture: News Corp Australia.



    “We’ve had such a stellar run for such a long time ... all things must come to an end eventually, but who knows when,’’ he said.
    “It’s highly likely we will have another strong financial year; we are more than 75 per cent up on where we were during the depths of the GFC.
    “Some of the sharemarkets might come back by up to 10 per cent which could affect super returns, but not significantly.”
    The returns on super accounts are at 10.8 per cent for the financial year-to-date and in the past 12 months members have enjoyed gains of 13.1 per cent.
    Intrust Super chief executive officer Brendan O’Farrell said Australians should be pleased with the returns but should always be prepared for falls.
    “We should not lose sight of the many uncertainties that currently exist in the world today that could quickly reverse some of these strong gains,’’ he said.
    “Always remember super is a long-term investment and you will always get bumps along the way.”
    Originally published as Super quarter for super funds CommentsComments
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  2. #2
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    Sorry about all the other bolliks, I stuffed up the copy.

    The story is about Australia's good returns in Superannuation.

    10.8 % for the financial year and 13.1 % for the past 12 months ain't to shabby Huh.

    Makes up for the drop in our Australia dollar.

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    dont tell the handbag terry, she might be wanting a piece of the cake.

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    The reason for the gains is the drop in the AUD

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    ^

    Erm, ya reckon do ya.

    So tell me why when the AUD dollar was at 30 baht our returns were over double figures and now its at 25 its still over Double figures and Powering along. ?

    Just wondering like.

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    Quote Originally Posted by taxexile View Post

    Don't tell the handbag terry, she might be wanting a piece of the cake.


    Me being quite the generous bastard I like to spread my wealth around.

    I bought her a new pair of shoes the other day.

    But hey, At lunch time it was back to Noodle soup for her.

    She don't eat cake by the way, it's fattening innit.

  7. #7
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    ^^ They even said so in the article, though I think they played it down a bit.

    Pretty deceptive really, the AUD takes a dive and the fund is claiming credit, though if they are highly geared in overseas equities then I guess thats well played by them. Good thing they weren't long on iron ore eh.

    Gold has performed better than your fund against the AUD. Simply transferring AUD over to Baht when you should have legitamised yourself over here would have seen a 20% or so gain.

    When you are pricing things in AUD over the last 6 months, pretty much everything has done well. It would be shocking stuff if your fund was losing or break even.

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    ^

    Na,

    If my fund was not performing I can guarantee you no fund in Australia would be performing.

    It's conservative mate, medium risk.


    You're rapped up in this Gold Idea Huh, how much you got then. ?

    You will need a shit load by the time you get back to Australia.

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    Bull market, Terry, but as the man said, all good things must end. Enjoy while you can, the bear is around the next bush just waiting.
    It's all about interest rates really. The U.S. $ and the rise next month(?) is the beginning.
    It'll all end in tears, it always does.

  10. #10
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    ^

    Normal story ,

    Been like that since I first joined as a member back in January 79.

    Its all about being conservative and spreading the risk huh.

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    Quote Originally Posted by taxexile View Post
    dont tell the handbag terry, she might be wanting a piece of the cake.
    I believe this suggestion might be too late....


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    Can I interest you in my timeshare development in Yala which is currently yielding a 28% guaranteed return on investment. I am sure it would soon become a glittering diamond in the crown of your portfolio and if you play your cards right I think we could squeeze you in somewhere as a Director responsible for exploiting the antipodean market share.

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    Quote Originally Posted by thaimeme View Post
    Quote Originally Posted by taxexile View Post
    dont tell the handbag terry, she might be wanting a piece of the cake.
    I believe this suggestion might be too late....



  14. #14
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    Quote Originally Posted by Seekingasylum View Post
    Can I interest you in my timeshare development in Yala which is currently yielding a 28% guaranteed return on investment. I am sure it would soon become a glittering diamond in the crown of your portfolio and if you play your cards right I think we could squeeze you in somewhere as a Director responsible for exploiting the antipodean market share.
    You can joke chum but quite a few put their money into Fractions at projects in Thailand.

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    Quote Originally Posted by terry57
    You're rapped up in this Gold Idea Huh, how much you got then. ?
    I do put my money where my mouth is, and buy a bit each month rather than saving cash for the family. Bloody good I did too otherwise I'd be saving in AUD cash and up shit creek.

    It's a bit rich of the industry though to talk themselves up when their international fund is price in a currency in free fall. And when it goes to shit, they'll shift blame to economic factors out of their control. No way in hell I'd leave a life worth of hard earned, everything for the future, in the hands of these bankers and fund managers. It sucks that we are forced into letting them control our super, although you can do self managed they don't make it easy. Thank christ I'm not a tax resident, but better make dam sure I got my shit sorted because they start docking you for aged entitlements like the pension after a certain amount of time as a non-tax resident.

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    ^

    Mate,

    The rules are changing all the time regards Australians being outside of Australia for extended periods.

    The Filth are trying everything to avoid sending Dollars outside Australia and doing everything to make it harder for Australians who have been outside Australia for extended periods accessing benefits when returning home.

    Hence why I show my face every six months to keep within the loop.

    The qualifying period for the Age pension as of now is two years full time in country before 1 cent will be parted with.

    Regards Superannuation, I am supremely happy I have never had to worry about dealing with the issue of where to Invest my Superannuation.

    The Fire Service handled it from the get go and have produced the goods, they have done this by being conservative, not being aggressive and not employing outside Fund managers who gouge the fuk out of it.

    My mates who have had to manage their own fund and find fund Managers have far less than me in Super, I can tell you that. Many will need to work well into their 60's.

    You mentioned that we can move our money around Within the fund, this is true.

    Going back quite a few years when the Australian Stock Market was making large gains I worked with guys who moved large amounts of their Super over to this side of the fund.

    The market crashed and these guys lost hundreds of thousands of dollars over night. Many had to continue working to try and make up their losses. Greed once again comes into play here.

    The majority who just let the fund managers do their job and spread the risk lost fuk all, the risk was managed.

    You do get it when I'm telling you how a conservative Superannuation fund works Huh.

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